#startups News Pakistan

IBA to Host Local Hult Prize 2018 On Campus

hult prize iba

IBA Karachi, selected to host local edition of Hult Prize as students answer United Nation’s Challenge and go head-to-head for US$1M

Karachi, Pakistan: Mehreen Mansoor, student at IBA and Campus Director IBA Hult, recently announced that Institute if Business Administration, Karachi has been selected to host a local edition of the Hult Prize 2018. Hult Prize is the world’s largest student competition for the creation of new social businesses. The annual Hult Prize awards one million dollars in start-up funding to the team of students that develops the most radical and breakthrough idea to solve one of our world’s toughest social challenges.

In partnership with the United Nations, the Hult Prize is hosting college and university events around the world in search of the next game-changing start-up.  Mehreen Mansoor, along with her host team and in collaboration with IBA CDC, IBA IRC, IBA Go Green Society and IBA Entrepreneurship Society, will be leading the Hult Prize at IBA initiative. She is confident that her peers on campus have as good as chance as anyone to go all the way and with this year’s Hult Prize 2018. “It has come to IBA for the first time and we will make sure that it takes the world by storm”

IBA Hult Price contest

The winner of the intra-campus event will automatically advance to compete in one of fifteen regional finals happening around the world next March.  One winning team from each host city will then move onto a summer business incubator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business.  A final round of competition will be in September 2018, where the winning team shall be awarded the $1,000,000 prize.

Hult Prize at IBA is now recruiting participant teams who are interested in registering for the competition. To register, log on to the Hult Price website

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Khawar Abbasi

Khawar Abbasi is tech blogger & contributor covering local and global events of tech industry. He also covers exclusive news around gadgets & technology by digging deep into the Internet.