Hult Prize at NRTI to win 1 million USD for social start-up

 AUTHOR:  LIKESH

 

World’s largest student  (Hult ) competition for entrepreneurship, ‘Hult Prize’, will be first time hosted by NRTI, Vadodara. Founded by the Ministry of Railways, the National Rail and Transportation Institute is the vision of the Honourable Prime Minister of India, Shri Narendra Modi. It is India’s first university focused on transportation-based education. Soon it will be rechristened as ‘Gati Shakti Vishwavidyalaya’ under Mission Gati Shakti by GoI. 

 

 

 

The Hult Prize (Hult ) Foundation's annual competition, held in conjunction with the UN, gives a million dollars in start-up funding to a group of students who come up with the most radical and ground-breaking solution to one of the most difficult and pressing social problems in the world. Muhammad Yunus, a recipient of the Nobel Prize, described it as a “Nobel Prize for students.” The 2023 Hult Prize Theme is to create a for-profit social venture, in the fashion/clothing industry.

 

Amritanshu Tripathi has (Hult )  been selected as the campus director of Hult Prize NRTI Organising Committee by Hult Prize Foundation, USA. He is enthusiastic about how this opportunity marks a beginning to ‘an Era of Ideation’ at nation’s first transport focussed university and sees as first of many pathbreaking innovations which the university will deliver. The event will have four rounds of qualification. NRTI students, as participating teams, are initially expected to build their innovations on a campus-wide level. The winners of the intra-campus competition at NRTI, Vadodara will go on to compete in one of the regional summits to be held in Mumbai later. Then, one team will be selected from each Regional Summit to join a global accelerator programme, where they will receive strategic planning, mentoring, and advice as they create prototypes and get ready to launch their new social business. Finally, the best few teams will pitch their business idea to a distinguished panel of judges including former US President Bill Clinton and compete for prizes if they make it to the Global Finals. With all hard work, dedication and passion for entrepreneurship, this event is expected be a showcase of how Indian youth is ready to solve the most pressing social problems of the world sustainably.