By: Mai Shaheen
CAIRO, Dec. 16 (SEE) – The British University in Egypt (BUE) held on Saturday Hult Prize competition at BUE Science & Innovation Park to promote entrepreneurship.
Hult Prize Egypt Director in Egypt Ali Saleh said that the foundation is the biggest platform for social entrepreneurship among the universities’ students worldwide that provides a real opportunity for setting up start-ups to face their society’s problems.
“This year competition was on offering solutions for unemployment through giving an idea for establishing a firm that could contribute to creating 10,000 job opportunities for youths within the coming ten years,” Saleh noted.
He added that Hult cooperates with 50 universities in Egypt and trained more than 30,000 youths this year in the field of social entrepreneurship. “That’s a good record for only our second year operating in Egypt.”
The competition’s topic is being announced in September every year. The best six ideas of a start-up of all universities are being qualified for the semi-finals. The winner in the competition wins one million Egyptian Pound.
The Egyptian winner team is set to compete internationally with the other teams in the biggest entrepreneurship competition in the world in London for six weeks. The final competition is held in the United Nations headquarters in New York, as the winning team receives a one-billion-dollar award given by former US president Bill Clinton.
“The team should be composed of three or four students, having bachelors or masters or doctoral degree,” he pointed out.
Worth noting that the BUE has opened an office for Hult Foundation at its park
The Hult Foundation has been dedicated to opening the world through education for more than 50 years. Since founding EF, Education First. It offers cultural exchanges, educational travel, language training, and degree programs in 53 countries. The Hult Prize is made possible through the ongoing support of the Hult Family.