Students from Boston and across the globe will spend the next few months competing for a $1 million grant to get their ideas on how to solve the global food crisis off the ground.
The Hult Prize is a start-up accelerator for social entrepreneurship, and with more than 10,000 applications received this year, it is the world's largest student competition and crowdsourcing platform dedicated to social good.
This year, the focus is on the global food crisis, and the challenge is for students to create a social enterprise to get affordable, nutritious, and easily accessible food to urban slums.
"We have a mission to change the world," said Ahmad Ashkar, founder and global director, Hult Global Case Challenge. "We’re all about radical, innovative and break through concepts. The food crisis was chosen because it’s an important topic, but more importantly we felt there is very little attention being brought to global food security world wide."
Harvard University student Krishna Matturi hails from India, so he said he has seen the crippling effect of hunger.
"We happen to be from a rural area, and I’ve witnessed hunger and malnutrition first hand.That’s what made us enter into the competition," said 28-year-old Matturi, who is a team leader. "We need to look at food problems in a much different way."
Students come from four other regions: San Francisco, London, Dubai and Shanghai.
Each team of five is selected from more than 10,000 applications received, totaling over 350 colleges and universities, representing over 150 countries.