UAE Entrepreneur To Judge The Prestigious Hult Prize at the annual Clinton Global Initiative Meeting In New York
Founder and Vice Chairman of Aramex, one of the world’s leading global logistics and transportation companies, Mr. Fadi Ghandour, will this month judge on the esteemed panel to choose the next winner of the Hult Prize.
The largest global student competition with an award of USD 1,000,000, the Hult Prize is designed for teams across the globe to solve the world’s toughest social challenges through the creation of sustainable businesses.
Founded in 2009 by Hult International Business School graduate Mr. Ahmad Ashkar, the Hult Prize is today the world’s largest student competition and launches more social impact start-ups in a single year than the entire MENA region combined. Each year the Hult Prize, in partnership with President Bill Clinton, the Clinton Global Initiative and Hult International Business School, challenges more than 10,000 students from around the world to compete in one of six regions globally, where participants develop radical and game-changing social enterprises designed to provide innovative solutions for the millions of people who face grave issues on a daily basis.
“There are an unprecedented amount of brilliant entrepreneurs across the Arab region, however they have previously lacked a platform to highlight their ideas. Initiatives like the Hult Prize are now enabling this young talent pool to get the recognition and opportunity they deserve. This year alone there were 43 start-ups from 38 different universities presented at our Dubai regional final and with the help of people like Fadi, we expect next year to be even bigger.” Says Ahmad Ashkar, CEO and Founder of the Hult Prize Foundation. “It is an honor to have such an influential and successful businessman from the Arab world on our judging panel and I am certain he will bring a wealth of expertise to both our event and CGI as a whole.”
This year the Hult Prize ‘President’s Challenge’ focused on: ‘Healthcare: Solving Non- communicable Disease in the Urban Slum’. Teams have been battling it out across the world and the regional winners who were chosen earlier this year in March, will compete in the grand finals in New York later this month.
Along with three other esteemed businessmen, Mr. Fadi Ghandour will bring his knowledge and expertise of entrepreneurship and business development to the judging panel. As well as founding Aramex, Mr. Ghandour is one of the most well-known entrepreneurs from the Arab World, also currently being the Executive Chairman of Wamda Capital; a new venture capital fund focusing on technology investments in the Arab World, as well as the Managing Partner of MENA Venture Investments; a seed capital investment company investing in early-stage tech companies.
“I am delighted to be on the panel of this year’s Hult Prize, something which leaves everyone in awe, from students starting off their career to the highest international CEOs.” Says Mr. Fadi Ghandour. “There is a reason why the Hult Prize is recognized by President Bill Clinton and TIME Magazine as one of the top five ideas changing the world for the better; it allows students to use all of their knowledge, expertise and creativity to help solve the world’s ever-growing problems, while giving them great recognition and a strong step through the door to the business world.”
As well as the USD1,000,000 prize money, the winning team will also receive top standard mentorship and advice from business leaders across the world, helping them to launch their company and work towards helping the greater good. For more information on the Hult Prize or to see past projects, head to their website: www.hultprize.org.