The University of Lagos has been selected to host a local edition of the Hult Prize, the world’s largest student competition for the creation of new social businesses. The annual Hult Prize awards One Million US Dollars in start-up funding to the team of students that develops the most radical and breakthrough idea to solve one of our world’s toughest social challenges.

In partnership with the United Nations, the Hult Prize is hosting college and university events around the world in search of the next game-changing start-up. Campus Director Alexander O. Onukwue will be leading the Hult Prize at University of Lagos initiative, and is confident that his/her peers on campus have as good a chance as anyone to go all the way and win this year’s Hult Prize:

“Students of the University of Lagos are motivated and passionate about social innovations in various sectors, and we are determined to positively transform our communities and improve the quality of life of the people around us. At the core of our drive is the conviction that the tools necessary for solving our challenges are available and there has never been a better time to employ business for social good,” Alexander said.

The winner of the intra-campus event will automatically advance to compete in one of fifteen regional finals happening around the world next March.  One winning team from each host city will then move onto a summer business incubator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business.  A final round of competition will be hosted in September 2018, where the winning team to be awarded the $1,000,000 prize.

Hult Prize at University of Lagos is now recruiting volunteers and teams who are interested in registering for the competition.

To learn more, follow The Unilag Hult Prize: facebook.com/HultPrizeUnilag, twitter.com/HultPrizeUnilag  and instagram.com/hultprizeunilag