This year's challenge centers on food and food systems:
'Food systems have become machines of extraction that reduce our well-being, weaken communities, and impoverish the world around us. Store aisles are filled with arsenals of cheap, addictive products that attack the soul through the hollowness of manufactured consumption. Parents wage a daily battle to nourish and nurture their children, while food supply chains funnel massive profits to corporations and billionaires.
We are challenging you to transform food from a bare necessity for survival into a vehicle for human wellbeing and prosperity. In order to do this, you will have to understand how our existing food systems work, and why they are failing humanity on a global scale.'
The Hult Prize is an annual, year-long competition that crowd-sources ideas from MBA and college students after challenging them to solve a pressing social issue around topics such as food security, water access, energy, and education. It was founded by Ahmad Ashkar and is funded by Bertil Hult, the latter of whom, along with his family – founders of EF Education First – donates US$1 million in seed capital to help the winning team launch a social enterprise.
The Prize is a partnership between Hult International Business School and the United Nations Foundation. Former U.S. president Bill Clinton selects the challenge topic and announces the winner each September. The Hult prize has been referred to as the "Nobel Prize for students" by Nobel laureate Mohammed Yanus.
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