Hult Prize is known as the largest social-business startup competition. It provides a great platform to the participants from all over the world. Hult Prize Foundation provides seed money of USD 1 million to the ‘Champion’ team and immeasurable intense of support by the United Nations. Hult Prize aims to fulfill 170 targets and 17 goals for Sustainable Development set by the United Nations with the startups. Hult Prize 2018 took place in 120 countries. Initially, Hult Prize organizes campus competitions in top universities in a country. From there, Hult Prize chooses among the top teams to participate in the Regional Finals. Teams selected from the Regional Finals receive startup training for two months in Hult Business School traditionally known as the “Hult Castle”. After training at the utopia of startup, teams compete in Global Final and the title winner receives the amount of USD 1 million as seed money.
It is a great honor and privilege for the students of the FBA Program of AIUB to participate in such international competitions and bring glory to the University through the Team CreEd of FBA, AIUB.
Team CreED’s, FBA-AIUB Journey to Hult Prize
The concept of Team CreED of FBA-AIUB was recognized and selected in “Prothom Alo Edupreneurship 2017” business competition. The team comprising of 3 Students (Mr. Ashraf Hossain Sachin, Mr. B M Mohaminul Islam Rahul, and Mr. Arif Uddin Pranto) from the Faculty of Business Administration (FBA) Program, AIUB have been developing the idea since then.
Sail of the boat full of hope began with the “On Campus Competition” titled as Hult Prize at American International University-Bangladesh (AIUB) for the team CreED. The total number of participating teams was 235 in the first round, gradually narrowed down to top 25 and eventually to top 5. Team CreED, stood out as the 2nd Runner Up in the campus. As Hult Prize select among the top teams from the campus competition to participate in the Regional Finals from all over the world, CreED went for the chance. They applied all along with 100,000 more applicant teams from 120 countries. Eventually, they received the confirmation of selection as the first ever team from American International University-Bangladesh to participate in Hult Prize Regional Final at Kuala Lumpur, Malaysia
After going through countless consulting hours with corporate giants and trainers, on March 15, 2018, Team CreED flew to Kuala Lumpur, Malaysia and pitched their idea on March 16 and 17, 2018. A team from the International Islamic University of Malaysia achieved the “Championship” title by the jury members at the Final event. Despite not being on the top, team CreED received a lot of support and experience which strengthen their commitment to be the “Impact Soldier”, which is the title that they were given as a Hult Prize participator team.
Though the percentage of literacy is higher than ever before in Bangladesh, the lower rate of employment and skills resembles the deficit of quality education. Team CreED aimed to form an organization believing the tagline “Future is now”, which planned to collaborate with primary schools with a monthly subscription fee of $1 per student/month, proving some unique services to them which includes the mentoring session for the teachers, two new subjects for the students that cover topics like emotional intelligence, anger management, stress tolerance practice and experiment with low cost but amazing science kits. CreED team will monitor the entire process if the special curriculum is maintained properly using PISA and KPI evaluation system.
CreEd, FBA-AIUB Team’s another fascinating achievement was being in the quarterfinals of the “Brandwitz 2017", a marketing competition organized by IBA, University of Dhaka and sponsored by BRAC Bank Limited. Brandwitz is known as the largest national branding competition in Bangladesh.
Along with this, the team members were offered with internship placement in BRAC Bank Limited after the competition. They have also participated and left their bright mark in Dhaka Bank-Marketing Samurai 2017, BUP-Rexona CreDiVE 2017, Presentation Witz Kidz (PWK) 2017 and other national competitions.
Partnerships
