Information Technology University (ITU) of the Government of Punjab in collaboration with MIT Enterprise Forum Pakistan and Tech Entrepreneur Society hosted Hult Prize International at ITU on 7th and 8th December at ITU campus.
Hult Prize is the world’s largest student competition for the creation and launch of youth generated startups. It is a global movement that has so far 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. Hult Prize is a year long competition that takes place around the globe. The winning team gets $1 million seed funding to initiate a social enterprise and change the course of the world.
This year, the theme of Hult Prize revolved around a very pertinent issue faced by today’s world which is unemployment. Lack of jobs has been a chronic problem among young people. The challenge being placed by Hult Prize for this year was to create a venture that can deliver stable, meaning full-jobs for 10,000 people within a decade.
Like the previous year ITU hosted local edition of Hult Prize. The event was supported by Tech Entrepreneur Society of ITU and MIT Enterprise Forum Pakistan.
Approximately 30 teams had registered for the competition where teams went get head to head and brainstormed their ideas towards practical and innovative solutions. After an interesting and rigorous semi final round , six teams which included Alpha Team, Hope Cure, Fun Venture, Desi Group, Trojan and Hostel Man qualified for the final round.
Then out of the six qualified teams, Hope Cure emerged as the winner of the competition. Hope Cure is a startup that is working on the early stage detection of breast cancer and employment of women in the health care industry. Hope Cure would now represent ITU in regional finals.
The final competition was judged by a panel of judges including CEOs from most reputed companies. The judges included Mr. Munawar Abadullah, CEO of Maverix; 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; Ms. Amna Nadim, Founder of Earthyse and Hannan Malik, Bussiness Development Manager MIT Enterprise Forum Pakistan.