Hult taps into broader online community through virtual crowdsourcing competition
Six teams will now move on to the Global Final in NYC on April 28 to compete for the $1 million prize, which will be made available to Water.org, and the opportunity to meet President Bill Clinton
Hult International Business School today announced the online winner of its 2nd Annual Hult Global Case Challenge: University of Cambridge (London). The virtual competition, an extension of its regional competitions, ended March 28 with entries submitted from schools around the world, including University of Calgary, UC Berkeley, Saint Louis University Madrid, Hult International Business School, University of Wisconsin, Wharton School of Business, University of British Columbia, University of Auckland, University of Tehran, University of Virginia, IE Business School, University of Cambridge, Bocconi University, University of Toronto, University of Putra - Malaysia, Dalhousie University, Politecnico di Milano, and El Colegio de Mexico.
The University of Cambridge winning team includes students: Fabio Scappaticci, Akanksha Hazari, Oremeyi Akah, Alejandro Mora and Gavin Wedell.
“Having an online component this year worked really well for us,” said Dr. Stephen Hodges, president of Hult International Business School. “It’s a reflection of what this competition is all about - innovation. The unique aspect is that it gave us the opportunity to tap into a much broader community because it allowed anyone to vote for the solution they liked best. We congratulate Cambridge University on their win and look forward to having them join the five regional winners in NYC in a few weeks.”
The virtual competition, which allowed followers to vote for the best solution via Facebook, consisted of individuals as well as teams of up to five members who were able to submit online their ideas and solutions to accelerate clean water access and sanitation around the world. Applicants who had already applied to the challenge but were not selected to one of the physical regional locations in Boston, San Francisco, London, Dubai and Shanghai also qualified to participate.
“Three of the regional runner-ups submitted entries and were all among the top vote getters. A common theme consistent among the top entries was the use of a catalytic philanthropy model, which utilizes commercial capital to create sustainable solutions,” said Ahmad Ashkar, Founder of the Hult Global Case Challenge. “Our pioneering innovation platform has unlimited reach as we continue to seek out solutions to the world’s most pressing social challenges.” The online winner will now join the five regional winners at the Global Final in New York City on April 28, where one team’s solution will be selected by a world-class panel of business executive judges.
The six teams competing in the Global Final in NYC include:
• Online: University of Cambridge (London)
• Boston: Boston University’s School of Management (Massachusetts)
• San Francisco: Stanford University’s Graduate School of Business (California)
• London: University of Belgrade’s Faculty of Organizational Sciences (Serbia)
• Dubai: SDA Bocconi’s School of Management (Milan)
• Shanghai: The Hong Kong University of Science and Technology (China)
All teams will receive an all-expense-paid trip to New York City for the Global Final.
The Hult Global Case Challenge competition is in partnership with the Clinton Global Initiative and Water.org, an organization co-founded by Gary White and actor Matt Damon. The Global Winner will be awarded a $1 million prize, which will be made available to Water.org, along with the winning idea to accelerate access to clean water and sanitation. President Bill Clinton will be on hand at the final competition in New York City to deliver the keynote address and personally present the award to the winning team.
Global judges will include Gary White, Executive Director and Co-Founder of Water.org; George Fisher, Former CEO of Kodak and current senior advisor of private equity powerhouse KKR; Bruce Mosler, Co-Chairman of Cushman & Wakefield; Peter Thum, Co-Founder of Ethos Water and a Vice President at Starbucks; Gary Hattem, President of the Deutsche Bank Americas Foundation; and Jeffrey Fulgham, Chief Sustainability Officer, GE Power and Water.
About Hult International Business School:
Hult International Business School (formerly known as the Arthur D. Little School of Management) is the first global business school with campuses in Boston, San Francisco, London, Dubai, and Shanghai. The School offers a range of business-focused programs including MBA, Master and Undergraduate degrees. Hult’s one-year MBA program is ranked in the top 30 in the world by The Economist and among the top 100 by the Financial Times. www.hult.edu