BEIRUT: Committed to its mission to encourage young people to innovate and create, The Hult Prize Foundation will give five Lebanese youth startups a chance to compete in its final round over the largest seed investment in the Middle East.
During the upcoming Changemaker Festival, the Hult Prize Foundation will be organizing the final round of its national competition on September 28, which was launched at the beginning of this year for the second time in Lebanon,
The winning team will receive a $250,000 prize to set up a startup company and will have the opportunity to participate in the international 2019 Hult Prize Challenge, which will be held at the United Nations Headquarters in New York, with a $1 million prize awaiting the winner.
Back in February, Changemakers, a youth-focused company gathered 1,000 students from 60 university campuses for the Lebanon Student Startup Forum where students pitched their innovative business ideas in front of leading judges from the Lebanese business community.
Five startups were shortlisted to pitch live at the 2019 Hult Prize Lebanon semifinals gala the same evening organized by the multiyear strategic partnership with the Central Bank and BLOM Bank.
Students who participated in the forum attended free workshops delivered by ecosystem leaders like BLOM Bank, Berytech, Speed, UKLTH, Flat6Labs, among others.
Banque Du Liban, Hult Prize, BLOM Bank, Beirut Digital District and many more will host The 2019 Hult Prize Lebanon Finals, featuring the five competitors.
The winning team will be assessed on their idea’s potential to develop into a viable startup fostering sustainable change.
The five finalists are:
Apple House seeks to turn under-utilized natural agricultural resources into high value-added products by licensing their proprietary recipes and ingredients to farmers and landowners across the world, enabling them to sell their products at higher prices and in new markets.
Beepers provide a DIY hi-tech beekeeping kit that enables anyone to produce and sell honey. With a very small upfront investment, thousands of people around the world can become entrepreneurs, while safeguarding the survival of one of humanity's greatest gifts, bees.
Counselha is an online, anonymous and affordable counseling platform that connects experienced professionals to customers who need help. This enables patients to receive fast assistance 24/7 and professionals to make some extra cash.
Roly is an application that allows users to recycle by requesting a pickup for their material by an in-network driver. Individuals are able to register with Roly as paid drivers to pick up recyclables and transport them to Roly's material recovery facilities.
SHOP ON WHEELS
Shop on Wheels combines traditional and online shopping. Customers can book an appointment online and the van ‘shop’ will show up and give the customers an unforgettable retail experience, with all the clothes designed by newly fashion designers graduates.
Hult Prize Foundation, the large accelerator for youth-driven innovation and entrepreneurship was founded in 2009 by Palestinian American Ahmad Ashkar and has been called the “Nobel Prize for Students.”
Led by its CEO and a team of 2500 staff and volunteers across the world and a student-workforce of more than 25,000 people, Hult has invested over US$ 50,000,000 in the development of the social enterprise sector, including an annual startup prize of US$ 1,000,000.
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