The Purdue team, from left, of Dheeraj Gurugubelli, Isra Gadri, Iyad Uakoub, Sunil Merumu, and Nikhil Boreddy will be heading to Boston this week as regional world finalists for the prestigious Hult Prize in social entrepreneurship.
The Hult Prize is a start-up accelerator for budding young social entrepreneurs emerging from the world’s universities. Named as one of the top five ideas changing the world by President Bill Clinton and TIME Magazine, the annual competition for the the Hult Prize aims to identify and launch the most compelling social business ideas—start-up enterprises that tackle grave issues faced by billions of people. Winners receive USD 1 million in seed capital, as well as mentorship and advice from the international business community.
The team from Purdue, led by Krannert alum and Center for Career Opportunities staff member Iyad Uakoub, has the goal of developing solutions to decrease chronic diseases in impoverished urban areas. According to team member Isra Gadri, “this can happen through either innovation or improving on existing solutions that are effective, accessible and affordable.” Purdue’s encouragement to develop leadership and entrepreneurship skills with an innovative mindset, accompanied by their own ambitious attitudes, motivated the team to compete in this competition, Uakoub said.
If the team wins the Boston regional finals next week, they would receive a one-year membership into the Clinton Global Initiative and an opportunity to spend the summer at the Hult Prize Accelerator. The accelerator will provide the students with a chance to further develop their social enterprise while receiving mentorship from members of the international business community.
This week’s regional champions will pitch their business solution prototype at the Clinton Global Institute’s annual meeting in September where the winning team will be awarded $1 million in seed capital.
For more information on Purdue’s team, or if you would like to assist with their trip to Boston, contact team leader Iyad Uakoub.