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The Hult Prize Foundation recently announced that Dalhousie University has advanced to the regional finals for the 5th annual Hult Prize. The Hult Prize is the world’s largest student competition and start-up platform for social good. In partnership with President Bill Clinton and the Clinton Global Initiative (CGI), the innovative crowdsourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing problems. Student teams compete in six cities around the world for a chance to secure US$1 million in start-up funding to launch a sustainable social venture.

The team members are Corporate Residency MBA students from the Rowe School of Business: Michael Aitken, Kevin Bernard, Eric Fleming, Megan Kunder, Chris McKenney. “We are proud to enter such a fine team in this competition. I am confident they will show the world that our students truly can make a difference by using values-led management practices to inform how they tackle any challenge,” said Peggy Cunningham, Dean, Faculty of Management.

The 2014 Hult Prize will focus on the 250 million slum dwellers around the world suffering from chronic diseases who need help – a challenge personally selected by President Bill Clinton. Ahmad Ashkar, CEO and Founder of the Hult Prize, attributes the success of the competition to the shift in the global economy and the millennial generation’s refusal to live in a world with inequality: “We are giving entrepreneurs from around the world a platform to innovate and revolutionize the way we think about servicing the poor.”

Each team selected was chosen from 10,000 applications received from 350 colleges and universities in over 150 countries. The Hult Prize regional competitions will take place on March 7 and 8, 2014, in Boston, San Francisco, London, Dubai, Shanghai and Sao Paulo. Dalhousie University will compete in Boston.

Following the regional finals, one winning team from each host city will move into 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 hosted by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team, which will be awarded the US$1,000,000 prize by President Bill Clinton himself. The President has said, “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.”

About the Hult Prize
The Hult Prize is a start-up accelerator for social entrepreneurship, which brings together the brightest college and university students from around the globe to address the world’s most pressing issues. The annual initiative is the world’s largest student competition and crowd-sourcing platform for social good. The Hult Prize has been funded by the Hult family since its inception in 2009. To learn more, visit www.hultprize.org.

About The Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of the Bill, Hillary & Chelsea Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world’s most pressing problems. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,500 commitments, which are already improving the lives of more than 430 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $87.9 billion.

About The Rowe School of Business
Dalhousie University's Rowe School of Business is developing the next generation of innovative leaders who value quality and integrity. Experiential learning in the form of residencies, co-op work terms, internships or new venture creation is at the heart of all of our programs. Collaboration with our employer partners from across Canada brings relevancy and opportunity to our Bachelor of Commerce Co-op, Bachelor of Management, Corporate Residency MBA, MBA Financial Services and Executive Education programs.