Makerere University Selected to Host local edition of Hult Prize as students answer the United Nations Challenge and go head-to-head for US$1M
Uganda, Makerere University Guild Ministry of ICT and Research recently announced that Makerere University has been selected to host a local edition of the Hult Prize, the world’s largest student movement for the creation of new social enterprises. The annual Hult Prize awards one million dollars in start-up funding to the team of students that develops the most radical and breakthrough idea to solve one of our world’s toughest social challenges. “The guild ministry for research and ICT intends to promote innovations in the university with a vision to create innovations hubs at the different colleges to mentor and guide the innovators to come up with problem solving concepts beneficial to the university, country and the world. Thus, the Hult Prize” Hon. Watum Patric Guild Minister for ICT and Research.
In partnership with the United Nations, the Hult Prize is hosting university events around the world in search of the next game-changing start-up. The campus Director, Silver Walugembe will be leading the Hult Prize at Makerere University On-Campus Program, and is confident that Makerere students have as good a chance as anyone to go all the way and with this year’s Hult Prize. “More than ever, our generation is in dire need of innovations that address climate change, gender equity, equal health rights and a broad access to other social services” says Mr. Walugembe
The winner of the intra-campus event will automatically advance to compete in one of fifteen regional finals happening around the world. One winning team from each host city will then move onto a summer business accelerator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. A final round of competition will be hosted in September 2019, where the winning team is to be awarded the $1,000,000 prize.
“The Hult Prize is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces,” President Bill Clinton has stated.
Hult Prize at Makerere is now enrolling teams for the competition.
To learn more, about the HULT PRIZE @MAKERERE
Contact: +256 706 054 660 / +256 705 987 281
Or email walsil.sw@gmail.com
About the Hult Prize Foundation
Hult Prize is the world’s biggest engine for the launch of for-good, for-profit startups emerging from university with over 2500 staff and volunteers around the world. In nearly a decade, the movement has deployed more than $50M of capital into the sector and mobilized more than one million young people to re-think the future of business as it continues to breed disruptive innovation on college and university campuses across 100 plus countries. The Hult Prize Foundation been called the “Nobel Prize for Students” and has been featured in a TIME Magazine Cover Story highlighting the “Top 5 Ideas Changing the World.”
To learn more, visit www.hultprize.org
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