Information Technology University, Lahore of the Government of Punjab is all set to host Hult Prize International which is the world’s largest student competition for the creation and launch of youth generated, impact centered startups.
Hult Prize is a global movement that has deployed more than $50M of capital and mobilized more than one million young people with programs in about 100 countries and 1200 universities across the globe. It is a year-long competition organized by the United Nations. Each year, a challenge regarding a prevailing socio-economic issue is put forward to young people from across the world, who then try to come up with innovative solutions. The winning team gets $1 million seed funding to initiate a social enterprise and change the course of the world.
Like the previous year, Hult Prize at Information Technology University (ITU), Punjab is back with a new challenge. Supported by Tech Entrepreneur Society of ITU, Hult Prize is considered one of the greatest platforms for all the future innovators, technologists, and entrepreneurs to become a part of an international community of change makers.
The winning team from ITU will get an opportunity to present their idea in the regional finals and move on to pitch at the United Nations stage, ultimately leading to a million-dollar prize. The competition will be held at ITU campus, Lahore on 7th-8th December 2018. Teams of students from all the batches and programs will get head to head to brainstorm and make their idea the most practical and innovative. A panel of judges, which will include CEOs from most reputed companies and technologists will chose the winning team.
The panel of judges for the Hult Prize ITU includes Mr. Munawar Abadullah, CEO of Maverix Digital Imptrax and also a business consultant and a trainer; Mr. Bilal Athar, CEO of WifiGen; Mr. Hassan Javaid, CEO of Jobee.pk; Mr. Nevil Patel, VP operations at i2c Inc; Mr. Ammar Naqvi, Head of Growth and retention at OLX Pakistan; Mr. Syed Ommer Amer, CEO of Dastaan; and Ms. Amna Nadim, Founder of Earthyse.
This year, the theme of Hult Prize would revolve around yet another issue faced by today’s world which is unemployment. Lack of jobs has been a chronic problem that resides among the ascending economies and today young people are struggling to find employment opportunities that match their level of education and skill set. The challenge for this year is to create a venture that can deliver stable, meaning full-jobs for 10,000 people within a decade. This also includes connecting the disconnected youth and coming up with a way to employ the unemployed, contributing to the country’s economic stability.