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Hult Prize 2021 Challenge

Competition for USA, Canada, and International Students
at IHEs for Initiatives to Improve Food Systems

Agency Type:

Foundation / Corporation

Funding Source:

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Hult Prize

Deadline Date:

12/17/20 11:59 PM EST

Description:

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Competition for USA, Canada, and International teams of students at IHEs for the development of original enterprises to improve food systems. The purpose of the competition is to award a global startup prize for innovative and transformative ideas that will create jobs, stimulate economies, reimagine supply chains, and improve outcomes for populations throughout the world.

The Hult Prize Foundation transforms how young people envision their own possibilities as leaders of change in the world around them. With a global startup prize as its anchor activity, the Hult Prize has brought impact-focused programs, events, and trainings to over a million students globally, creating a pathway for youth everywhere to take action to build a better world.

In 2021 the Hult Prize is asking youth around the world to build viable food enterprises that will create jobs, stimulate economies, reimagine supply chains, and improve outcomes for 10,000,000 people by 2030. 

The Foundation is challenging you to transform food from a bare necessity for survival into a vehicle for human wellbeing and prosperity. In order to do this, you will have to understand how our existing food systems work, and why they are failing humanity on a global scale. Together, the Hult Prize global community will reclaim the potential and power of the most basic and fundamental resource required to fuel humanity for the century to come.

GrantWatch ID#:

GrantWatch ID#: 163667

Estimated Size of Grant:

One-million dollars (US$1,000,000) will be seeded into the winning team.

Runner-ups may also have the option to receive funding from the Hult Prize Mena Ventures Fund. These funding terms will be fixed for each of the five runner-ups.

Additional Eligibility Criteria:

Eligibility:
- To enter the competition you must be a current student of a higher education institution at the time your application was submitted.
- 3-4 persons may compete on each team, and only these persons will be considered as part of your team. Team members are those that are listed on your application and those that have been amended by written confirmation.
- Only currently enrolled students, full or part-time at the time of application submission will be considered students. Alumni and faculty are not allowed to be official team members.
- All participants should belong to the same college or university. However, this may consist of a mix of programs and undergraduate, graduate and PhD level.
- Individuals can not apply. While only teams may compete, individuals who cannot form a team but are interested in competing should join the Facebook community to find others individuals who are looking to form teams.

Alumni and faculty are not allowed to be official team members. Individuals cannot apply.

Pre-proposal Conference:

A series of online webinars and trainings are available to everyone who follows Hult Prize's official social media channels. Campus Directors will also be facilitating trainings across the world. Use social media to find one near you. For more information, see FAQs page in Pre-Application Information below.

Pre-Application Information:

Timeline and Key Events:
- September: Challenge Announced
- October: Applications Open
- December 17, 2020, 11:59 pm EST: Application Deadline
- January: Regional Teams Selected, Regional Finalists Announced
- March: Regional semi-final rounds begin

Submitting your application early is highly encouraged. It gives the selection committee more time to assess the quality of your application. Also, a limited number of teams are pre-selected before the final application deadline. Next, often times some cities fill up faster than others, and if you submit your application early, we may be able to accommodate your team in a different region than the one you have applied for.

How the Hult Prize works:
There are multiple programs, and multiple rounds of competition that can further be explored in the Programs Section on the URL for Full Text. Your goal is to make it to the Global Accelerator, to work, learn and play as you develop your game-changing enterprise. The top 50 companies from around the world advance here, a step before Finals. From there, six companies are selected to pitch at the United Nations for $1,000,000.

There is funding and mentorship throughout. There are two ways to become part of the top 50:
1) Win a Regional Summit Final
2) Win a Wildcard Round.

There are two ways into a Regional Summit, either you win an On-Campus Hult Prize which may or may not be happening at your university, or you submit into the general application window. Once the top 50 are selected, they come to the world’s biggest incubator for social enterprise and from there, Hult Prize's team and network of over 25,000 coaches, advisors, and mentors work to make your idea real. After 5-weeks a final six are selected to pitch at the UN Finals & Awards Gala. The winner gets the coveted Hult Prize.

FAQs: http://www.hultprize.org/faqs/

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Online application: https://2021hultprize.wufoo.com/forms/msfhs4l177oe48/

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming

USA Territories: American Samoa (USA)   Guam (USA)   Puerto Rico (USA)   Virgin Islands (USA)   Northern Mariana Islands (USA)

USA Compact Free Associations: The Federated States of Micronesia (USA)   Marshall Islands (USA)   Republic of Palau (USA)

Canada: Alberta;   British Columbia;   Manitoba;   New Brunswick;   Newfoundland and Labrador;   Northwest Territories;   Nova Scotia;   Nunavut;   Ontario;   Prince Edward Island;   Quebec;   Saskatchewan;   Yukon;

Israel

International country outside of the USA, Israel and Canada.

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