Written by Akhmad Rizqatha Ramadhan (Management 2020)
The Hult Prize has recently announced the winning team from Institut Teknologi Bandung that has advanced to the 11th annual Regional Summit in Tokyo.
The Hult Prize, in collaboration with SBM ITB, is a crowdsourcing platform for social good, named one of the top five ideas changing the world by TIME Magazine. The innovative crowdsourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. This year, the Hult Prize is focused around finding solutions for billions of people around the world affected by Empowering the Earth: Bold Business for a Better Planet.
The winning team members from Institut Teknologi Bandung include Ilham Hardiza Kahar, Hendrik Saputra, Umar Hilmi Fadhilah, and Michael Muliadi.
The team competed in the Hult Prize at ITB program on 30th November 2019 and built a solution for this year’s challenge, Empowering the Earth: Bold Business for a Better Planet. Their solution is edible coating which aims to reduce food loss and waste by 20%, and help 20 million trees combat global warming.
The team will now move on to compete at the Hult Prize Regional Summits in March/April 2020 hosted in 25+ cities around the world. Institut Teknologi Bandung will compete in Tokyo.
“This year, we have had some pretty amazing ideas in our first ever OnCampus ITB program. Very exciting to see how our winners will do in the Regionals and what is in store for ITB next year!” said Akhmad Rizqatha Ramadhan, Hult Prize ITB Campus Director and Undergraduate SBM ITB student.
Ahmad Ashkar, CEO and Founder of the Hult Prize, attributes the success of the Hult Prize to the global youth revolution. He said, “We continue to be moved by the large number of students from around the world who are capitalizing on the opportunity to develop business models that target those who are in most need. We wish every team the best of luck and thank Institut Teknologi Bandung for supporting this initiative.”
Following the Regional Summits, one winning team from each host city will attend the Hult Prize Global Accelerator, announced by Unikorn.com as the world’s greatest social impact accelerator. Accelerator participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. The Hult Prize Global Finals will take place in September at the United Nations Headquarters, where one team will be selected as the winner and awarded US$ 1,000,000.
“The Hult Prize is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces.” – President Bill Clinton, 42nd President of the United States.
To learn more about the Hult Prize Foundation, please visit www.hultprize.org. Email firstname.lastname@example.org for Hult Prize at ITB