Vietnamese team among two winners of regional Hult Prize startup contest

13:00 | 14/04/2021 Society

A British University Vietnam team is one of two regional winners that will go on to the US with to compete in the Hult Prize competition for startups.

The Hult Prize is said to be one of the most prestigious social entrepreneurship competitions on the planet. Founded by Ahmad Ashkar, it is sponsored by former US President Bill Clinton and the United Nations in collaboration with the Hult International Business School.

The competition, carrying prizes of up to US$ 1 million, is held for college students from around the world. It seeks to reward the most innovative ideas in the field of social entrepreneurship that help solve problems of the community.

The regional round for this contest is officially held in 21 major cities around the world including Melbourne, Tokyo, London and Ho Chi Minh City.

The Hult Prize Southeast Asia Regional 2021 contest had the theme "Food for good.” It challenged teams around the world to come up with ideas for food businesses that can create jobs, stimulate economies, rebuild supply chains and improve incomes for 10 million people by 2030.

The final round of the Hult Prize Southeast Asia Regional 2021 contest was held April 11 in Ho Chi Minh City. Due to the Covid-19 pandemic, this year had both online and offline examinations. The Vietnamese teams competed offline, giving presentations and direct responses to the judges.

In the final round of Hult Prize Southeast Asia Regional 2021 contest, the jury named the top two teams with the best ideas: team LIZI (from British University Vietnam), and team AQUARFARM (from Andhra University, India).

The two winning teams will get Accelerator scholarships each worth USD 40,000 with a ticket to fly to USA to participate in an intensive, professional training program before entering the final stage of global Hult Prize contest at United Nations headquarters.

My Phung