In a joint effort to promote and strengthen a social entrepreneurship culture among Pakistani youth, the Higher Education Commission (HEC) and the Hult Prize Foundation (HPF), an annual competition for ideas that tackle pressing social issues and referred to as the Nobel Prize for students, have agreed to take steps.
Director General Research & Innovation (HEC) Hazrat Bilal and Chief Executive Officer Hult Prize Foundation Lori Van Dan signed a Letter of Intent in this regard.
With the LoI, the partners will offer the youth a platform to address the world’s biggest challenges through innovative social enterprise with a positive global impact.
Furthermore, this collaboration will provide Pakistani students with leadership and personal development opportunities as well as raise awareness about sustainable development goals (SDGs).
The Hult Prize Foundation annually hosts the world’s largest competition for game-changing business ideas. Some Pakistani students have won the Hult Prize Foundation’s annual competition in the past. All Pakistani universities will be able to participate in this collaboration and learn from it.
Hazrat Bilal, Director General, stated that through the inclusion of enterprise development and entrepreneurship, the collaboration will be an exciting opportunity for students at Pakistani universities and help address social problems faced by the community as a whole.
The HPF community in Pakistan is the second largest worldwide, and Pakistan has participated in almost every Hult Prize round every year, according to Lori Van Dam. Pakistan’s entrepreneurial culture will be furthered by the collaboration, according to her.
Each year, HPF’s annual competition has different rounds, and the winning team is awarded US$1 million in funding to realize their big idea
