AUB Advances to Regional Finals of 8th Annual Hult Prize
On the 15th of January, the Hult Prize announced the winning team from the American University of Beirut that has advanced to the 8th Annual Regional Finals of the competition.
Having been run internationally since 2010, , the Hult Prize was brought to AUB for the second consecutive year. The start-up accelerator for budding young social entrepreneurs emerged at the university through a joint collaboration with the Center for Research and Innovation (CRInn), and Ms. Diala J. Daoud was reelected as Campus Director.
The Center for Research and Innovation (CRInn) was launched at AUB in 2015 with the aim of establishing a hub for emerging creative, promising and innovative entrepreneurial AUB students, staff, alumni and faculty members.
“Our center aspires to guide members of AUB throughout their journey of transforming their innovative business ideas into scalable businesses. Members are connected with mentors, advisors, influencers, investors, and other AUB faculty and student groups to build a vibrant entrepreneurial community” said Dr. Fadia Homeida Director of CRInn.
The Hult Prize is a crowdsourcing platform for social good that identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. This year, the Hult Prize is focused around finding solutions for the millions of people around the world by harnessing the power of energy.
Out of 10 teams, the two winning teams of the AUB goes Hult competition were YallaBus, in first place, and Pro-Shield, in second place.
YallaBus is a platform that saves you from the stress of driving and wasting time in traffic, by offering you reliable, precise and instant directions to help you find a bus. In a mission to enhance, reshape and facilitate the use of transportation facilities in a city or country, the use of GPS tracking and Machine Learning help build a pool of data in a country where it has never existed before to help the community and economy flourish.
Pro-Shield is a device that aims at solving energy problems to move towards a greener and more efficient society. The team tackled solar water heater problems through their innovative product “PRO-Shield”.
The winning teams will proceed to the National competition (in parallel to the Regional), and will compete for a spot at the international Hult Prize competition where they would compete with other university teams for a cash prize of up to $1,000,000