ISB Updates

ISB’s earnest efforts towards the Hult Prize

In 2014, a team of five of our students competed against over 50,000 teams with their blood and sweat, not literally, and won the Hult Prize 2014. Their innovation ‘NanoHealth’ benefitted immensely with the cash prize of USD $1,000,000 and is now a must sort after health solution.

Over the years, the Hult Prize has given the world solutions for critical social challenges. Today, the Hult Prize is the world’s biggest engine for the launch of for-good, for-profit startups emerging from university with over 2500 staff and volunteers around the world. In nearly a decade, the movement has deployed more than $50M of capital into the sector and mobilized more than one million young people to re-think the future of business as it continues to breed disruptive innovation on college and university campuses across 100 plus countries. The Hult Prize Foundation been called the ‘Nobel Prize for Students’ and has been featured in a TIME Magazine Cover Story highlighting the ‘Top 5 Ideas Changing the World’.

The Hult Prize unlocks the desire of young people to change the world through business. They believe that 80% of millennials seek out brands which provide solutions that both improve their lives and serve the larger society; 75% of millennials purchase the more environmentally and socially responsible products among competitors; 73% of millennials are willing to pay more for sustainable products. The notion of making a larger impact on the society by progressing towards the UN’s sustainable development goals is the driving force of this prize.

This year, the theme of the global youth challenge is ‘Solving the Youth Unemployment’, and the prize amount is one million US dollars. For the 2019’s challenge, we had eleven teams within ISB compete to qualify for the regional summit; however, we had them compete against each other and have two teams for the regional summit:

Team Prop Amigo – Setu Goyal, Amit Agarwal and Swati Grover – ‘PropAmigo’ aims to be the 'Uber' of Property Management services by upskilling resources for handymen jobs and training others to become mini-entrepreneurs. The business will help property owners find tenants and manage the upkeep of their properties in the long run.

Team Falcons – Poornima Bushpala, Devesh Lakhotia, Syed Fasiullah Hussaini and Sidharth Shanon – They envision to expand the wings of the home-service provider solution ‘HomeDew’ to become one-stop for various recruiters of the service industry.

As per the challenge’s module, after the regional summit, April 12─13, 2019 in Mumbai, one team from each region will move on to a summer Accelerator Program in the Hult Prize Castle, London UK, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social enterprises. The Global Finals will be hosted in September at the UNHQ in New York, where the winning team will be awarded the USD $1,000,000 prize.

We wish Piyush Garg, Campus Director for the Hult Prize at ISB – On-Campus Program our best.

For more details about the programme, please contact Piyush Garg:; +91 6239522365. He is the Campus Director for the Hult Prize at ISB On-Campus Programme.