On the 23rd and 24th June, ISEG - Lisbon School of Economics and Management will host the Lisbon Summit 2023 of the Hult Prize, for the semi-final that will welcome 200 university students from all over the world.
We are delighted to announce that - Lisbon School of Economics & Management hosts for the first time, on June 23rd and 24th, the Lisbon Summit 2023 of Hult Prize. This is a global social entrepreneurship competition that seeks to support the projects of young university entrepreneurs whose innovative solutions can have a significant and positive impact on society. ISEG will host 47 startups, 200 university students from 28 countries from all continents, and 43 different universities, who will compete for one of the six places in the Hult Prize Annual Finals, to be held in Paris, France, in September.
The Hult Prize is an international foundation that inspires and promotes different programmes that challenge student entrepreneurs to solve the world's biggest challenges through social entrepreneurship and positive global impact. Since its inception, the competition has impacted over one million college students from over 100 countries around the world. This year, more than 100,000 college students got involved, creating high-impact startups that address the annual challenge (this year, sustainable fashion) aligned with the UN Sustainable Development Goals
“It is with great enthusiasm that we welcome the Hult Prize semifinals to our campus and look forward to welcoming talented university students from around the world. ISEG is openly committed to training the next generation of entrepreneurial leaders, who are willing to face global challenges with courage and vision.", he points out João Duque, The Dean of ISEG. "This is how we educate our students, to know how to use their talents and knowledge to create a better and more sustainable future. We hope that we can offer these students an inspiring environment for developing transformative ideas and strengthening networks of international collaboration.", he mentions.
A sentiment shared by the award's organizers: "It was with great enthusiasm that we partnered with ISEG, Lisbon School of Economics and Management to co-organize the Hult Prize Lisbon Summit 2023. ISEG's commitment to academic excellence, its vibrant entrepreneurial ecosystem, and its interest in social impact issues are perfectly aligned with the values and vision of the Hult Prize.", acknowledges Lori van Dam, CEO of the Hult Prize Foundation. "The theme of this year's Hult Prize is Sustainable Fashion. Most people are unaware of the huge impact that clothing production has on our environment. The fashion industry is responsible for about 8% of the world's greenhouse gas emissions - more than all international flights and shipping combined. Our enterprising students will propose solutions that can have a huge environmental impact.", he concludes.
Throughout the competition process, teams go through several stages, including regional events and semifinals in different parts of the world. After these events, the 20 selected teams will participate in the next phase of the program, the Hult Prize Accelerator Program, where they will be mentored by several experts and will turn their ideas into investment-ready business models.
The Hult Prize 2023 grand final will be held in Paris, where the finalist teams have the opportunity to present their projects to a panel of judges, composed of leaders from the business sector, social entrepreneurship, and influential figures from the global community. The winner receives a cash prize ($1 million) to help turn the idea into a successful and sustainable project.
The 2022 Global Finals took place at the Clinton Global Initiative Annual Meeting in New York City, with Bill Clinton himself presenting the award.
Programme:
June 23rd
14h00 | Opening
- José Veríssimo | Associate Dean at ISEG
- Camila Gonzalez - Operations Director, Hult Prize Foundation
15h00 | Fashion Forward: Redesigning the Fashion Industry
- Ana Santiago - Founder of You Got Shop
- Olivier Groninger | CEO & Co-Founder of Openversum - 2022 Hult Prize Finalist
- Alden Zecha | Founding Partner of We Scale Impact
3:45 pm | mindfulness/ energizing activity
5:00 PM Global Community Cocktail
June 24
4 PM | Final pitches
17h30 | Fado Out of Doors
6:30 PM | Winner announcement and closing - Rui Oliveira
- President of the National Youth Council
- Joana Pais - Associate Dean at ISEG