Sandy Parakilas took part in the first competition in two thousand nine. The challenge that year was to help an organization reach one hundred million people in five years. One of the three top prizes went to his team from Carnegie Mellon University for their business plan for One Laptop Per Child.
SANDY PARAKILAS: “They were struggling with competition from Microsoft and Intel. And they were having trouble basically making money. So it was a great opportunity for some business students to come in and create some ideas for a not-for-profit to be more profitable, essentially.”
Matthew Keller is vice president of One Laptop Per Child.
MATTHEW KELLER: “We have about three million laptops in the world right now in about forty different countries in South Asia, sub-Saharan in Africa, Latin America, in some places in Europe.”
Howard McNally is chief executive officer of the Hult Global Challenge.
HOWARD McNALLY: “It’s the equivalent of about twenty thousand hours of consulting advice from the world’s smartest, youngest people.”
Mr. McNally says the students learn about world problems and the opportunities that might be available for them in the market.
HOWARD McNALLY: “And it’s also a tremendous opportunity for the NGOs that we’re working with to get the kind of advice that they’re going to get about their vision and their goals.”
The five Hult campuses will hold regional competitions in February. Finalists will be chosen in New York in April.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25