Bringing mechanisation to farming, producing electricity with crop residue, encouraging environment-friendly farming through solar-powered machinery and equipment. These were some of the winning ideas pitched by students of the Faculty of Management Studies (FMS) at the second edition of the HULT Prize at FMS (on-campus event) and the eighth edition of the HULT Prize worldwide.
Twenty-two teams from FMS, Delhi participated in the competition, of which Team Tortoise — which had Aastha Gupta, Yash Ujjwal, Shubham Goswami and Rajan Pandey, who are all first-year MBA (full time) students — was adjudged as the campus winners. Their idea was “ Adhunik Krishi ”- Bringing mechanisation to farming.
Social entrepreneurship
This year’s Hult Prize, a start-up accelerator organised in association with the United Nations, turned its focus to building scalable and sustainable social enterprises that harness the power of energy to transform the lives of 10 million people by 2025.
This year’s event was the second edition of the Hult Prize@FMS and was organised by the campus director and the HULT organising committee, in collaboration with FMS’ Management Science Association (MSA).
Team Heartbreak Kids —made up of Rahul Phillip, Tadasa Tanwi, Utsav Bansal and Tushar Kohli, all first-year MBA students — were the runners-up.
Speaking about the event, Sahil Yadav, Campus Director of Hult Prize at FMS, said: “The event was conducted successfully and saw a lot of participation from the students, which testifies the level of excitement and enthusiasm among the students of FMS to impact the lives of million peoples with their world-changing ideas. Good luck to Team FMS for the regional finals!”
Worldwide competition
The campus winners will compete in the regional finals taking place around the world in March 2018 in one of 15 locations: Toronto, San Francisco, Quito, Mexico, Nairobi, Melbourne, Kuala Lumpur, London, Shanghai, Boston, Lagos, Dubai, Cairo, Bogota, and Singapore. One winning team from each of these host cities will move on to a summer business incubator, where participants will receive mentorshipstrategic planning as they create prototypes and set up to launch their new social business. The final round of the competition will be hosted in September 2018, during which the winning team to be awarded the $1,000,000 prize.
(BusinessLine on Campus was the digital media partner of the HULT@FMS event.)