SOMTU calls for Students to Compete for USD 1 Million

November 20: School of Management Tribhuvan University (SOMTU) has urged entrepreneurs to create viable start-up and compete for USD 1 million in seed capital for the Hult Prize under the United Nations’ “Harnessing the Power of Energy to Transform the Lives of 10 Million People” challenge.

Issuing a press statement, the School of Management said that the Hult Prize is a start-up accelerator for social entrepreneurship that brings together the brightest college and university students from around the globe to solve the world’s problem.

“The aim of the Hult Prize is to launch a start-up enterprise that can radically change the world and breed the next generation of social entrepreneurs,” reads a press statement issued by the SOMTU.

SOMTU further informed that the Hult Prize is hosting college and university events around the world in search of the next game changing start-up in partnership with the United Nations.

“It is a global movement of student leaders that has an objective of inspiring youth to change the world through business. Student teams compete around the world for a chance to secure USD 1 million start-up fund to launch a sustainable social venture,” the statement said.