A team of students from the Regent University College of Science and Technology have advanced to the Regional Finals of the Hult Prize, which is scheduled to take place in Madrid, Spain from April 5 to 6, 2019.
The Hult Prize is an annual start-up competition for budding young social entrepreneurs emerging from the world’s universities with a winning prize of $1,000,000.
A statement copied to the Ghana News Agency from the Communications Department of the Regent University College said student teams are expected to compete in a competitive pitch offs across the world for a winner to be selected.
It said the Regent team was selected from over 200,000 applications received from 120 countries to participate in the game changing initiative.
The statement said the regional summits are hosted in 25 different cities representing all the geographical regions of the world.
Regional summits, the statement said, provides students from across the globe with opportunities to showcase their innovative ideas, learn from their peers, and be inspired by a generation of young people who are committed to changing the world through business.
It said members of the Regent team include Emmanuel Amo, a level 400 student, Telecommunication Engineering; Charlotte Dinko, a level 400 student, Telecommunication Engineering; Kingsley Brew, a level 300 student, Computer Engineering; and Emmanuella Randall-Abakah, a level 400 student offering Instrumentation Engineering.
The statement said the startup idea of the Regent team is to set up a bee farm and honey processing unit as well as a production of paper from banana stem and the vision of the project is to create 10,000 meaningful jobs within the next decade.
It said Mr Cornelius Nyonator, the Campus Director for the Hult Prize at Regent University College said: “Our team is excited about the opportunity to be able to introduce social change, to launch disruptive start-ups and be part of an international community or change makers”.
One winning team will be chosen from each region and the winning team would move into the summer Hult Prize accelerator at the Ashridge Castle, a world class centre for innovation and entrepreneurship, the statement said.
It said the selected team would take its concept to the next level and refine it as the team moves towards developing and scaling a prototype along with incorporating a company which would launch the new venture.
“Top teams will travel to attend the Global Finals, where each team will pitch for the US1M Hult Prize in September 2019 at the United Nations Headquarters in News York City. At this event, each team will present its new social enterprise to luminaries, start up pioneers and global leaders,” the statement said.