RU Correspondent: Hult Prize of Rajshahi University(RU) is going to be organized for the 8th competition. The 2024-25-year registration will be free, and start on December 9 till December 20. This information was given at a press conference organized at the Teachers’ Lounge of the Rabindranath Tagore Academic Building on Saturday (December 7).

Hult Prize, RU Director Pranto Barua read out a written statement at the press conference.

He said that this competition is usually held in four stages. They are – On-Campus Program, Regional Summit, Global Accelerator, and Global Final. Each participating team will participate in the competition in a total of four stages – Team Formation, Abstract Submission, Elevator Pitch, Final Presentation, and Question and Answer Session. This year, the top 30 teams from all the participating teams in the on-campus competition will be nominated for the semi-final round, and from there, 6 teams will be nominated for the final round. The top 3 teams from these 6 teams will be nominated as the final winners. There will be attractive prizes for the top 3 teams.

He further said that the winning teams in the on-campus round will later participate in the Regional Summit and the winning team there will get the opportunity to participate in the Global Accelerator. The top six teams of the Global Accelerator will get the opportunity to participate in the Global Final. The final winning team of the Global Final will receive 1 million US dollars to implement their business idea.

Moreover, Regarding the team formation process, he said that all students studying at Rajshahi University can participate in this competition by forming a team of 3-5 people. The contestants must be students studying in any department of RU. The contestants do not have to pay any registration fee to participate in the competition. For the convenience of every contestant who participates, a special training session has been organized for them. Where the trainers will be the previous Hult Prize winners and current and former competitors with a proven track record in various competitions. In addition, there will be 6 special workshops for the competitors. Where the guests will be senior officials of various renowned multinational companies and renowned entrepreneurs.

The advisors for Hult Prize on Campus 24-25 will be – Professor of the Department of Statistics and Additional Director of RU’s IQAC Dr. Md. Monimul Haque, Director of RU’s CCDC and Professor of the Department of Public Administration Dr. Md. Nurul Momen and Professor of the Department of Management Education Dr. Md. Zahurul Anis. This year, the Hult Prize competition is going to be held at Rajshahi University under the joint initiative of Hult Prize Rajshahi University and the Career Counseling Development Center.

At this time, the Hult Prize, officials from various levels of Rajshahi University were present.

Professor Monimul Haque said at the press conference, that there are currently educated unemployed people in Bangladesh and only 4-5% of the graduates who come out every year get government jobs. The remaining 95% do not get government jobs. That means that every year, 3 million people are added. How will they employ themselves? This is a very important question for Bangladesh. It is not possible to provide jobs to 95 percent with the private sector jobs that exist. It is possible only if entrepreneurs can be created. And this entrepreneur cannot be anyone who wants to. If that potential can be found, then entrepreneurs can become entrepreneurs.

It is worth noting that the Hult Prize, known as the Nobel Prize for students, is an international annual competition organized by the Hult Foundation and Hult International Business School. This competition is named after Baltin Eric Hult, one of the sponsors of the Hult Foundation. The Hult Prize is held every year in about 121 countries and more than three thousand universities.

it’s noted that, Since its launch in 2009 by a group of Hult International Business School students, the Hult Prize has reached more than one million young people worldwide. The Hult family, founders and sponsors of EF Education First and Hult International Business School, awards a $1 million grant to the winning team at the Capstone Event each September to help them bring their business ideas to fruition. The Hult Prize inspires student entrepreneurs to solve the world’s biggest challenges through innovative social initiatives that create positive global impact, working to create high-impact startups that solve the annual challenge in line with the United Nations’ Sustainable Development Goals (SDGs).

Former US President Bill Clinton selects a challenging topic each year and announces the winner each September.

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