The Hult Prize is an international contest that promotes the youth of the country to enhance their leadership and entrepreneurial capabilities by creating firms to address certain problems. The Hult Prize is a competition for aspiring innovators that aims to inspire the youth to see themselves as potential leaders with the power to fundamentally alter their surroundings. The on-campus programme was a component of the preliminary round, and the NSU Young Economists' Forum (YEF) has served as the official club partner for the Hult Prize at NSU for three years running.
Youths who participate in this competition are offered programmes, activities, seminars, and the prestigious USD $1.0 million global startup award at UN Headquarters to assist the winning teams in starting a social venture. For the top three groups in the Hult Prize 2022 NSU on-campus Competition, the announced prize money is as follows: Tk 30,000 for the winner, Tk 20,000 for the first runners-up, and Tk 10,000 for the second runners-up.
The finalists will receive a commendable certificate for their outstanding competition and skill. Additionally, the Hult Prize 2022 NSU on Campus Program victor will advance to the national competition. The competitors gain from not only having the excellent opportunity to win this big cash prize but also from having the ability to promote our nation and university internationally.
About 65 teams are taking part in this intra-university global competition to address this year's "Redesigning Fashion to be Sustainable" topic. Enrolment for the challenge commenced at the end of November. The initial round started in this session, and teams were instructed to submit their concepts in 200 words. The open enrollment period began on November 24 and ended on November 28 for this round of submissions.
The Hult Prize held a workshop that includes seminars for presentation, instruction, and grooming sessions for the participants. All the inquiries and worries regarding the contest and the HULT Prize objective will be resolved during the HULT Prize '23 workshop. The issue this time was "Redesigning Fashion to be more Sustainable," and it took place virtually on November 26, 2022.
Md. Shihabuzzaman Mollick and Sakib Khondoker, the on-campus winners of the HULT Prize at North South University 2019, will be leading this star-studded conference, making it an exciting and enjoyable encounter for the participant.
On December 02, 19 groups were chosen to engage in the semi-final round, while four teams were chosen to fight in the final round. The grand finale of the on-campus programme will take place on December 20. Along with their PowerPoint document, the candidates will also need to submit a time-limited Pitch Video and a 300-word project synopsis.
The competition is assessed by the best corporate executives and academics, and discussions with notable individuals will be held to widen and deepen the participants' perspectives. Subsequent sessions, as well as the semifinal and championship rounds, will be evaluated and moderated by various corporate executives, prospective business owners, and previous Hult Prize winners.
Musarrat Mantab, campus director of HULT Prize 2023, NSU stated, "Success comes from finding opportunities in the problem. Hult Prize will bring youths of North South University the chance to implement their ideas to develop our community."
Mashrur Ahmed Zidane, deputy campus director, Hult Prize 2023, North South University stated, "In order to implement an idea, it's important to identify the problem first. Ideas are key to change, they are the key to development.We provide the opportunity for the youth to share their ideas and thus implement a change within their community."
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