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2014PRESSK I T

Media Contact:

Leticia Gonzalez Email: press@hultprize.org Tel: +1 609 772 6604 Twitter: @hultprize

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Founded in 2009 by Hult International Business School graduate Ahmad Ashkar, today the Hult Prize is the world’s largest student competition and crowdsourcing platform for social good. In October of 2012, the Hult Prize was named as one of the top five ideas changing the world by President Bill Clinton and TIME Magazine.

Each year the Hult Prize, in partnership with President Bill Clinton and the Clinton Global Initiative and the Hult International Business School, challenges millennials around the world to develop innovative social enterprises that aim to 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 to launch their newly formed company.

Regional rounds of competition are held each spring in Boston, San Francisco, London, Dubai, Shanghai and Sao Paulo, with a final round and awards ceremony held at the Clinton Global Initiative annual meeting each fall. All of the finalists are invited into the summer Hult Prize Accelerator Program and given a one-year membership into the CGI.

The Hult Prize is made possible through the support of the Hult Family and it’s benefactor, Swedish entrepreneur, Mr. Bertil Hult, founder of the world’s largest education company, EF, Education First.

ABOUT THE HULT PRIZE

Hult Prize by the Numbers

The Hult Prize is a start-up accelerator for budding young social entrepreneurs emerging from the world’s universit ies.

25,000,000 1,200

1,400,000 1,000

11,000 600

Slum Dwellers Targeted 2014 Hult Prize stretch target for individuals impacted by winning idea.

Entrepreneurs Participating in the regional finals in 2014.

Million Man Hours Estimated annually for 2013 and 2014. Total applications multiplied by average hours spent per team per challenge via poll of past participants.

Social Business Ideas Generated Sum of all regional finalists teams through 2013 competition.

Annual Applications Annually in 2013 and 2014. Remained level at 11,000 from 2013 to 2014 given the highly-specialized nature of the healthcare challenge versus past challenge topics, which were broader.

Schools Represented In total since the inaugural year (2009).

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The 2014 Hult Prize “President’s Challenge” is Healthcare: Non-communicable Disease in the Urban Slum. This topic was selected by President Bill Clinton at the 2013 Clinton Global Initiative (CGI) Annual Meeting in New York. The challenge asks teams to build sustainable and scalable social enterprises to address the tragic impact of non-communicable (or chronic) disease on poor urban populations. Key highlights associated with this year’s healthcare challenge:

• Almost 100 million people fall into poverty every year because of medical payments.

• 63 percent of deaths worldwide are due to non-communicable diseases (NCD), and 80 percent of these deaths occur in low- and middle-income countries (LMIC).

• Far more people are killed every year by cancer than by diarrheal diseases, HIV/AIDS, and tuberculosis combined (7.6 million vs. 4.5 million).

• 80 percent of premature deaths due to stroke, diabetes, and heart disease can be entirely prevented.

• Drugs in developing countries are 2.7 times more expensive in the public sector and 6.3 times more expensive in the private sector than they are in the developed world.

• Non-communicable diseases account for well over 50 percent of total healthcare costs in the world, and these costs continue to rise as countries develop. In the United States, non-communicable diseases account for 75 percent of total healthcare costs.

• One billion people worldwide live in slums (almost 14 percent of the global population).

• Approximately 180,000 people move to urban areas every day; slum infrastructure is unable to handle the influx.

• LMIC economies will lose USD1.3 trillion because of NCD in the next 20 years.

• The UN Universal Declaration of Human Rights states that “Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing, and medical care.”

THE 2014 HULT PRIZE CHALLENGE: HEALTHCARE

Bringing Innovative Healthcare Solutions to 25 mil l ion people in Urban and Peri-urban Communities Suffering from NCDs by 2019

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Akanksha aspires to empower the underserved and help build a better India, as a social entrepreneur and Ashoka Fellow. She is fortunate at different times in her life to have been a peace negotiator, sustainable energy consultant, professional athlete and non-profit leader. These adventures have taken her across the world from the boardrooms of blue-chip firms to the field, living and working in Palestine and rural India, and taught her six languages along the way. Akanksha’s journey reflects her passion for being at the intersection of business and social impact.

Akanksha won the Hult Prize 2011, and was honoured by President Bill Clinton and the Clinton Global Initiative for m.Paani, her innovative model for scaling access to key basic services in underserved communities globally. Most recently, Akanksha was named one of India’s top 10 social entrepreneurs and an Echoing Green 2013 semi-finalist. Her company, m.Paani is one India’s hottest Social Enterprises and offers the largest loyalty program in India which is focused on the poor. Akanksha graduated with a BA in Politics from Princeton University and a MBA from the University of Cambridge.

About m.Paani

m.Paani designs and implements mobile-based loyalty programs that empower underserved communities by connecting their spend to life-changing development rewards

PROFILE OF 2011 HULT PRIZE WINNER

Akanksha Hazari CEO and Founder, m.Paani

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PROFILE OF 2013 HULT PRIZE WINNER

Mohammed Ashour CEO and Founder, Aspire Food Group

Mohammed is the CEO and co-founder of one of the fastest growing companies on the planet and winner of the 2013 Hult Prize, Aspire Food Group. A commercial manufacturer of alternative protein sources such as insects, Aspire has re-imagined the livestock industry and as a result has created an innovative sector, which they are currently leading: Micro-Livestock. Local and international manufacturing facilities weaved into a micro-works business model has led to the rapid scale of an organization the United Nations calls “a company whose time has a come” for their disruptive approach to global food insecurity. Mohammed is a globe trotter, currently looking after manufacturing, production and distribution facilities in Ghana, Mexico and Texas.

An accomplished academic and practioner, Mr. Ashour is a Resident Doctor of Medicine and holds a Master of Surgery degree (MD, CM) from the Faculty of Medicine, and an MBA from the Desautels Faculty of Management at McGill University. Mohammed also completed a Master Degree in neuroscience (M.Sc.) at McGill University and a Bachelor of Life Sciences (B.Sc.) at the University of Toronto.

About Aspire Food Group

Aspire Foods is the world’s largest manufacturer of insect and insect by-products which have an exclusive use for human consumption. Their mission is to eliminate food insecurity through the mega farming of alternative protein.

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Phil ip Hult Co-CEO, EF Education First

Dr. Stephen Hodges President, Hult International Business School

Ahmad Ashkar CEO & Founder, Hult Prize Foundation

Philip Hult is the co-CEO of EF Education First, a privately held international education organization founded by his father, Bertil Hult. Philip also serves as a member on the board of Hult International Business School, an independent organization affiliated with EF Education First.

Together with his brother Alex Hult, Philip oversees the strategy and operations of EF Education First’s 15 business units, which specialize in language training, educational travel, academic degrees, and cultural exchange. Philip graduated magna cum laude from Brown University in 1993 with a degree in International Relations and Comparative Literature. Upon graduation, Philip joined EF, where he has focused primarily on emerging markets and digital learning.

He helped launch English First, EF’s chain of local English schools, which currently has over 200 schools in China, Indonesia, and Russia alone. Philip also co-founded EF Englishtown, the world’s largest online English school.

The Hult family donates USD1 million each year to fund the Hult Prize.

Dr. Stephen Hodges joined Hult International Business School as Chairman of the Board in 2006 and was elected President that same year. A businessman for most of his life, Stephen is a strong advocate of practical education.

Stephen started his career with McKinsey & Company in London, where he was an associate principal. Since then, he has run several large businesses and worked around the world in places such as Hong Kong, India, Singapore, Taiwan, Spain, Germany, Sweden, and the United States, as well as his home country, the United Kingdom. Stephen holds a Ph.D from Manchester University and an MA from Cambridge University.

He completed two years of post-doctorate research in electronic engineering with AT&T Laboratories in Cambridge and is the co-author of several patents in data communication.

Ahmad Ashkar is the visionary CEO of the Hult Prize Foundation. Ahmad continues to lead the organization he himself founded in 2009, named by President Bill Clinton and TIME Magazine as one of the top five ideas changing the world.

Ahmad also serves as an adviser to both private and government sector entities across the Middle East where he consults on youth empowerment and entrepreneurship, innovation, crowdscience and social entrepreneurship. A recognized expert in his space, Mr. Ashkar has been profiled as a social innovator by Harvard Business Review and named by Gulf News as “The next leader of the Arab Youth.” He has regularly appeared as a coach and speaker on social impact, entrepreneurship and innovation at the Clinton Global Initiative, Abu Dhabi Entrepreneurs Summit, Silatech, United Nations, WEF, and other notable gatherings. He has appeared on Bloomberg, CNN, CNBC, FOX, Al-Jazeera, MBC and other major media outlets world-wide and has been profiled by leading publications in the US, Brazil, UAE and across Europe.

As a Palestinian-American, Ahmad also serves as an independent advisor to the municipality of his hometown of Tulkarm, West Bank, Palestine. He holds an MBA from Hult International Business School and has undergraduate degrees in Finance and Marketing from Avila University. Ahmad is also a World Economic Forum Global Shaper.

HULT PRIZE FOUNDATION BOARD

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Hult Prize Global Finals and Awards Dinner at the Clinton Global Initiative

Tuesday, September 23rd, 2013 7:00 p.m.

Clinton Global Initiative Annual Meeting Sheraton Towers 811 7th Avenue New York, NY

Keynote Speaker: President Bill Clinton 42nd President of the United States Founding Chairman, Clinton Foundation

Executive Jury and Finals Panel: Mohammad Yunus

Fadi Ghandour

Dr. Sanjay Gupta

Ashish Thakkar

2014 HULT PRIZE KEY DATES

Hult Prize Interviews at the Clinton Global Initiative Tuesday, September 23rd, 2013 10:00 a.m.

The Hult Prize Finals welcomes six regional winning companies from around the world who wil l each pitch for the 2014 Hult Prize and US$1 Mil l ion in seed capital

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2014 HULT PRIZE FINAL JUDGES

Dr. Sanjay Gupta CNN Anchor and Neurosurgeon

Fadi Ghandour Founder & Vice Chairman, Aramex

Muhammad Yunus 2006 Nobel Peace Prize winner

Ashish J. Thakkar Founder & CEO Mara Group

Dr. Sanjay Gupta is the multiple Emmy®-award winning chief medical correspondent for CNN. Gupta, a practicing neurosurgeon, plays an integral role in CNN’s reporting on health and medical news for Starting Point with Soledad O’Brien, Anderson Cooper 360°, CNN documentaries, and anchors the weekend medical affairs program Sanjay Gupta, MD. Gupta also contributes to CNN.com and CNNHealth.com.

His medical training and public health policy experience distinguish his reporting on a range of medical and scientific topics including brain injury, disaster recovery, health care reform, fitness, military medicine, HIV/AIDS, and other areas.

Fadi Ghandour is the founder and vice chairman of Aramex, one of the leading global logistics and transportation companies. He is currently executive chairman of Wamda Capital, a new venture capital fund focusing on technology investments in the Arab World.

Ghandour is also the managing partner of MENA Venture Investments, a seed capital investment company investing in early-stage tech companies. He is a member of the board of Abraaj Capital, a member of the board of trustees at the American University of Beirut, and chairman of the advisory council of the Center for Entrepreneurial Development (CED) at the Institute of Business Administration Karachi (IBA).

Nobel Laureate Professor Muhammad Yunus is the father of microcredit, the father of social business, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. For his constant innovation and enterprise, Fortune Magazine named Professor Yunus in March 2012 as “one of 12 greatest entrepreneurs of our time.”

Yunus has received several other national and international honors. He received the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010. In 2008, he was rated #2 in Foreign Policy magazine’s list of the ‘Top 100 Global Thinkers’.

Ashish J. Thakkar is the Founder and CEO of Mara Group. He is a serial entrepreneur who started his first company at the age of 15. Mara Group is a pan-African multi-sector business with extensive operating experience in both African and international markets. Mara’s current investments and operations span technology, manufacturing, real estate and agriculture. The group is currently active in 19 African countries and 21 countries worldwide, and employs more than 8,000 people through its numerous investments and operations. Ashish considers himself a native son of Africa with strong Indian roots, of British nationality and a resident of the UAE.

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These include Boston, San Francisco, London, Dubai, Shanghai and São Paulo. Global finalists have competed against and beat out more than 10,000 participating students from over 150 countries, representing more than 350 colleges and universities from around the world.

Their social businesses are innovative, disruptive and catalytic, and have been selected by a group of world-renowned jury members that include the top executives from the private, public and social sector. They represent both their peers, as well as their higher-education institutions as the best of the best.

2014 Hult Prize regional winning teams:

1. MIT (San Francisco Regional Final)

2. Indian School of Business (São Paulo Regional Final)

3. ESADE Business School (Dubai Regional Final)

4. University of Pennsylvania (Boston Regional Final)

5. York University (Shanghai Regional Final)

6. HEC Paris (London Regional Final)

2014 REGIONAL WINNERS

Each of the six teams participating in the Hult Prize Finals at the Clinton Global Init iative represents the very best of one of six regions of global competit ion and 10,000 applicants.

BOSTONSAN FRANCISCO

SÃO PAULO

LONDON SHANGHAI

DUBAI

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2014 REGIONAL WINNERS

San Francisco Wi Care Massachusetts Institute of Technology The Wound Pump to treat open wounds in the slum from infections that lead to death.

São Paulo NanoHealth Indian School of Business Innovative technology to create micro-insurance health networks for slum dwellers.

Start-up Concept:

In the developing world, open wounds lead to tens of millions of infections, amputations and deaths. Diabetics are particularly vulnerable due to their body’s poor circulation, which prevents healing. WiCare has created an affordable medical device that is a simplified negative pressure wound therapy (sNPWT) system. Negative pressure wound therapy (NPWT) is a revolutionary technology that has been widely proven to heal both acute and chronic wounds. Current application of NPWT in the West is cost prohibitive and in many cases, technologically inappropriate. In the developing world, NPWT is not available, largely due to high costs, electrical requirements, lack of portability, required training and long-term device maintenance. MIT has successfully piloted their low-cost, easy-to-use, sNPWT Wound-Pump device that overcomes all of these barriers for those earning $2-5 a day in the slums.

Start-up Concept:

NanoHealth specialises in chronic disease management providing holistic services at most affordable price to slum-dwellers at their doorstep. NanoHealth team is convinced that intervention at any one point in the disease value chain is not enough to have a meaningful impact in the life of patients and their families. NanoHealth aims to solve the problem of under-diagnosis, poor treatment and compliance by creating a network of health workers (called “Saathi” meaning “a friend”) and equiping them with “Dox-in-Box”, a diagnostic tool which can take vitals and risk-profile the patients for diabetes and hypertension. Saathi with the Dox-in-Box also provides monitoring services after a doctor within the NanoHealth network confirms the disease in a patient. By adding Doctors & Pharmacies to its network, NanoHealth becomes a one-step shop for all services related to Chronic Disease Management.

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2014 REGIONAL WINNERS

Dubai Harambee ESADE Business School Providing slum dwellers with affordable and locally manufactured eye-glasses.

Boston Sweet Bites University of Pennsylvania Bubble Gum for oral and tooth-care protection.

Start-up Concept:

Approximately 580 million slum dwellers worldwide are visually impaired. They could be helped by a pair of simple eyeglasses. However, these people, many of them living on 1 Dollar a day or less, don’t have the money or opportunity to buy eyeglasses.

Through the use of various channels and networks Harambee aims to provide slum dwellers with high quality affordable eyeglasses. These glasses are locally produced by slum dwellers on a special designed low cost bending machine. A locally trained sales force, consisting of micro-entrepreneurs from the slums, is responsible for the diagnosis of their community members and the distribution of the glasses.

Start-up Concept:

Tooth decay has a terrible burden on the lives of millions of slum dwellers globally. They cannot afford optimal care, but they can afford and enjoy chewing gum. A xylitol-enhanced gum distributed by local women can re-mineralize tooth enamel, improving the quality of life. Women can buy the gum from hubs in India and distribute the small packs in slums for a profit . These female ambassadors will learn actionable dental healthcare knowledge. Customers will learn from messages on the gum packaging, closing the information gap that prevents access to treatment.

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2014 REGIONAL WINNERS

Shanghai Reach York University $.02 diabetes screen rolled out to the communities who need them most

London Bee Healthy HEC Paris Using Bees and Bee by-products to revolutionize the detection of diabetes and other diseases.

Start-up Concept:

REACH is a social enterprise aiming to provide affordable chronic disease management in resource constrained areas. REACH sources and supplies glucose urinalysis strips to urban slums across developing nations. These strips are used as a screening tool to identify diabetics and help them monitor the disease. This extremely compact screening tool is an affordable, decentralized monitoring program for individuals who do not have the financial means to otherwise manage their diabetes.”

Start-up Concept:

Bee Healthy is an innovative solution to diabetes detection in urban slums. The Bee Healthy team will harness the power of bees’ olfactory systems to detect diabetes on slum dwellers’ breath. This solution eliminates the need for needles, fasting and the cost of a medical visit. The production of bee by-products including honey, propolis and wax will be sold in developed countries, creating a link between the first and third world while financing the diabetes detection program.

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Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of the Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date CGI members have made more than 2,300 commitments, which have improved the lives of over 400 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at more than $73.1 billion.

The CGI Annual Meeting is held each September in New York City. CGI also convenes CGI America, a meeting devoted to economic recovery and job creation in the United States, and CGI University (CGI U), which hosts an annual meeting for undergraduate and graduate students who are developing commitments in their communities and around the world.

2010 Hult Prize makes commitment to action at Clinton Global Initiative annual meeting and President Bill Clinton delivers keynote at Hult Prize Finals in New York.

2011 Clinton Global Initiative and Hult Prize Foundation create partnership to scale CGI commitments to action. Following President Bill Clinton’s Speech at the Hult Prize Finals, he invites the Hult Prize and its community to be integrated into the Clinton Global Initiative.

2012 President Bill Clinton and TIME call out the Hult Prize in a front page TIME Magazine article on the “Top Five Ideas Changing the World.” President Bill Clinton highlights the multi-nation approach of the Hult Prize at the 2012 Finals as the model of the future.

2013 Hult Prize Final opens the 2013 CGI annual meeting. Nearly 1,000 people attend the awards dinner as President Bill Clinton recognizes “the comany of the future” - Aspire Food Group and their insect manufacturing start-up as a viable solution to the food security crisis.

2014 President Bill Clinton selects global healthcare as the Hult Prize Challenge and asks students from around the world to develop sustainable enterprises which aim to solve non-communicable disease.

CLINTON GLOBAL INITIATIVE

A key partner of the Hult Prize, the mission of the Clinton Global Init iative (CGI) is to turn ideas into action.

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1964 Arthur D. Little Inc., the world’s oldest management consulting firm, establishes the Management Education Institute, developing an innovative, accelerated one-year Master degree program to train business leaders.

1976 The business school is officially accredited by the New England Association of Schools and Colleges (NEASC), the regional accrediting body for all academic institutions in the northeastern U.S.

1998 Forbes identifies the school’s Action Learning curriculum as “highly distinctive,” ranking it in the top five MBA programs in the U.S.

2002 The Economist ranks the school as the third-best business school in Massachusetts, after Harvard Business School and the Massachusetts Institute of Technology (MIT).

2003 The school is renamed Hult International Business School, honoring benefactor Bertil Hult’s personal vision and commitment to educating global business leaders.

2005 Hult’s one-year MBA program earns the accreditation of the Association of MBAs (AMBA), making Hult the first business school in the U.S. to be recognized by this prestigious international accrediting body.

2008 Hult welcomes its first class of students to the MBA program in Dubai. Hult is the first U.S. academic institution to be licensed in the U.A.E.

2009 The Financial Times adds Hult International Business School to its prestigious Top 100 Global MBA rankings. Hult’s London campus welcomes undergraduates and graduates. Hult launches a one-year Master degree in International Business.

2010 Hult is ranked #1 in International Experience by the Financial Times. Hult adds a one-year Master in International Marketing degree. The school opens its second U.S. campus in downtown San Francisco. The first Hult Global Case Challenge is launched in partnership with One Laptop per Child to crowdsource student ideas and revolutionize the business of giving.

2011 Hult launches a Master of Social Entrepreneurship degree and a Master of Finance degree. The school is ranked #3 in International Business by the Financial Times. Hult’s campus in China opens in the heart of Shanghai. Former U.S. President Bill Clinton presents a USD1 million prize to Water.org at the Hult Global Case Challenge Final.

2012 Hult becomes the world’s largest ranked graduate business school. The Hult Global Case Challenge is renamed the Hult Prize.

2013 The Hult Prize Final is held at the Clinton GIobal Initiative’s Annual Meeting in New York, after finalists are trained through the Hult Prize Accelerator Program. Hult Labs releases groundbreaking research on the future of the MBA.

2014 Hult opens its first U.S. undergraduate campus in San Francisco. The school unveils its game-changing MBA curriculum designed with input from business leaders.

Hult International Business School Inc. is an independent, not-for-profit institution affiliated with the EF Education First Group.

HULT INTERNATIONAL BUSINESS SCHOOL

Hult International Business School is the sponsor of the Hult Prize and is the world’s most international business school with campuses in Boston, San Francisco, London, Dubai, and Shanghai.

It is named after one of Europe’s leading entrepreneurs Bertil Hult who founded EF Education First, the largest private education company in the world. Hult International Business School is ranked #57 in the world by the Financial Times (2013). Hult also ranks in the Financial Times Top 10 for International Business, International Experience, and International Mobility. Hult International Business School is ranked #1 in Percentage Salary Increase and #31 in the world by The Economist (2012). Today, Hult has over 2,000 students enrolled across its campuses, from over 135 different countries. Hult is at the forefront of social entrepreneurship among

the world’s leading business schools. The Hult Prize showcases the school’s commitment to social good and emphasizes that our world’s most pressing social challenges can be confronted by deploying innovative business solutions. Unlike other business case competitions that are geared towards solving typical business issues, the Hult Prize engages students to use their business skills and acumen to take on some of our world’s most pressing social problems, such as clean water access, education inequity and poverty.

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EF EDUCATION FIRST

EF Education First is an international education company focusing on language, academics, and cultural experience. EF and the Hult Family proudly support the Hult Prize with crit ical resources.

EF Education First was founded in Sweden in 1965 by a young entrepreneur named Bertil Hult. The concept was straightforward: take local high school students to England to learn English. It was a simple business idea—on-site language and cultural studies—but one with an enormous future.

Nearly 50 years later, EF Education First is the world leader in international education with a range of educational programs, including language schools, educational travel, cultural exchanges, and academic degrees. EF operates 500 schools and offices in more than 52 countries and has a network of more than 37,000 teachers and staff.

EF’s mission is more relevant than ever. Today’s world is increasingly complex and interdependent. Cross-cultural communication and understanding are vital for long-term success. EF’s programs enable everyone to make the world their classroom.

Our Programs

Educational Travel We offer international tours that provide culturally rich experiences and hands-on learning for middle school students, high school students, college students and adult travelers interested in exploring the world.

Cultural Exchange Live with American families, providing childcare in exchange for housing and educational courses as an exchange student.

Language Training Learn a new language at an EF English Center in China, at an EF International Language Center abroad, or online at englishtown.com.Or, travel abroad and learn in a native country where culture and language come to life.

Academic and Degree Programs From International Baccalaureate diplomas and university preparatory classes to MBA, Master or Bachelor degree programs, our commitment to global education is world-renowned.