Hult Prize Announces 2014 President's Challenge

BOSTON, Nov. 7, 2013 /PRNewswire/ -- The Hult Prize Foundation is proud to announce that the 2014 Hult Prize will be themed around healthcare. The focus area was selected by President Bill Clinton at this year's Clinton Global Initiative (CGI) Annual Meeting in New York and will specifically address non-communicable disease (NCD) in urban slums.

"Over one billion people live in slums and most of them don't have access to adequate healthcare. This is unacceptable," said CEO Ahmad Ashkar. The CEO also pointed out that 63 percent of deaths worldwide are due to non-communicable disease (NCD) and that 80 percent of these deaths occur in low-and middle-income countries (LMIC).

Although some progress has been made in the provision of healthcare to slums, governments have failed to help people that are suffering from chronic disease in slums and tend to focus on emergency care. Meanwhile, NGOs struggle with limited resources and often choose to focus on infectious or communicable disease. Social enterprises may therefore be the best option to address this issue. 

Since its inception in 2009, over 24,000 college and university students have competed for the annual Hult Prize, which provides a platform for business students from over 150 countries to develop social enterprises in order to solve some of the world's most pressing issues. The winning start-up receives USD1 million in seed capital awarded each fall by President Bill Clinton at his annual CGI meeting in New York.

For more information, please go to www.hultprize.org or click here to register for the 2014 challenge.   

The Hult Prize is made possible through the support of Hult International Business School, the Clinton Global Initiative, and the Hult family.

About the Hult Prize
Over the last four years, the Hult Prize has brought together over 24,000 college and university students to solve some of the world's most pressing issues. The annual initiative is the world's largest student competition for social good and was founded by Ahmad Ashkar, a Hult International Business School alumnus. The Hult Prize is funded by the Hult family. To learn more, visit www.hultprize.org and follow us on Twitter @hultprize. 

About Hult International Business School
Hult is the world's most international business school and supports the Hult Prize by hosting its regional competitions on its campuses in Boston, San Francisco, London, Dubai, and Shanghai. The school offers MBA, Executive MBA, Master and Bachelor degree programs. For more information, go to www.hult.edu. You can also join Hult on Facebook and follow us on Twitter @Hult_Biz.

Media Contact:

Jenny Harler
Director of Communications
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+44-790-848-0166

SOURCE Hult Prize Foundation