On Friday, November 27, a group of Master of Business, Entrepreneurship and Technology (MBET) students pitched their solution for the Hult Prize challenge at the Hult Prize@ UWaterloo event, successfully qualifying for the Regional Finals in March.
The MBET team is composed of four social entrepreneurs with diverse academic backgrounds in kinesiology, business, environmental science, sociology, and economics. Each team member draws upon past experiences in the non-profit, advocacy, and social entrepreneurship spheres as they develop an innovative and impactful social enterprise to address the Hult prize challenge question.
The Hult Prize is a start-up accelerator aimed at creating and launching startup enterprises to tackle grave issues faced by billions of people. It is the world's largest student movement for social good, attracting 20,000 applicants per year.
Each year, a critical social problem is selected by President Bill Clinton, and student teams from around the world are challenged to create an innovative startup enterprise to eradicate the problem. Winners receive one million dollars in seed capital, as well as mentorship from the international business community.
This year, the challenge question is:
Can we build sustainable, scalable, and fast-growing social enterprises that double the income of 10 million people residing in crowded urban spaces, by better connecting people, goods, services, and capital?"
We wish the MBET team all the best as they represent the University of Waterloo at the Hult Prize Regional Finals from March 11 to 12, 2016.