First Hult Prize Competition held at Lingnan to address issues of youth unemployment
The Lingnan Hult Prize Committee collaborated with the Office of Service-Learning (OSL) and Lingnan Entrepreneurship Initiative (LEI) to organise the first Hult Prize Competition at Lingnan on 17 November. The aim of this competition is to develop sustainable business solutions to help mitigate and solve youth unemployment problem, and to leverage on the knowledge of participants to address pressing global challenges.
After an initial round of review and selection, a total of 3 teams were promoted to the finalist competition. The 3 teams were composed of local and international students who were eager to establish their very own social enterprises with the common objective of hiring 10,000 youths in 10 years’ time.
The team who won the 2nd runner-up was Artiben, which focused on providing better education on programming skills to the new generation by using robots to teach little children from kindergartens about the use of information technology.
The 1st runner-up belonged to Virtual Learning LTD. It is a project focused on e-teaching and e-learning to hire young professionals in IT and academic fields. The IT professionals will help establish an online learning platform, and young scholars could have live broadcast of their lessons and get in touch with their students.
The champion was awarded to Mepro, which aims to bridge the gap between career market and schools through creating a platform that allows employers and employees to better match their requirements, thus achieving maximum flexibility and encouragement for unemployed youths.
All the winning teams are enthusiastic to enter the Hult Prize regionals. The regional competitions will be taking place around the globe in 2019, in which the contestants will compete for the place to enter the Global Final and the ultimate winner will be awarded with a seed capital of US$1 million to set up their social enterprise.
The Hult Prize is an international competition which aims to change the world for the better with startups emerging from universities from over 100 countries around the world. Until now, the Hult Prize has already devoted US$50 million of capital to mobilise youths to act on their innovative ideas.
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