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_posts/2024-04-06-hult.md
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excerpt: "The Hult Prize competition not only provides a platform for entrepreneurs to showcase their ideas, but it also provides a valuable opportunity for networking and learning."
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![](https://lh3.googleusercontent.com/drive-viewer/AKGpihY6ETEnSmQLttksinDevRBlCPxA5bclELk_tRuX-4JcKH15krMAaoHRkFmPOPWDxaVTXxK50-s_Jy7Tr2GhoA0n6dHh-VNqJAA=s1600-v0)
The Hult Prize awards a prize money of USD 1M annually to a startup with a world-changing idea for a social enterprise that addresses a specific industry or subject. For instance, the topic given to budding entrepreneurs last year was “Redesigning fashion to be sustainable.” But, this year, Hult did something they have never done before: making the Hult Prize challenge theme open for participants to choose. That means the teams could pitch any idea for a social enterprise, as long as it is world-changing and aligned with at least one of the United Nations Sustainable Development Goals (SDGs).
The competition provides a valuable opportunity for entrepreneurs to connect with like-minded individuals, learn from experienced entrepreneurs, and gain exposure to potential investors and supporters.