Rutgers Business School students made history winning regional Hult Prize competition, highlighted in The Daily Targum

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Tuesday, March 21, 2017
New Brunswick and Newark, NJ

The Daily Targum

A team of three Rutgers Business School students and one alumna have made history when they became the first winning regional champions from Rutgers University in the Hult Prize competition.

The Hult Prize Foundation is a not-for-profit organization encouraging college students to create and present their own unique and innovative business ideas to solve some of the world's biggest challenges. Winners of the entire competition receive $1 million in seed capital to bring their idea to life, according to the Hult Prize website.

"This year's challenge was about refugees around the world. How to create sustainable, and scalable social enterprises that empower the rights and dignity of 10 million refugees by 2022," said Umair Masood, campus director of the Rutgers Hult Prize Challenge Team and a School of Arts and Sciences junior.

The Rutgers team consisted of Rutgers Business School seniors Najeeha Farooqi, Moneeb Mian and Hasan Usmani and alumna Hanaa Lakhani. The team first won the competition at Rutgers before proceeding to win regionals in Boston. Their prize-winning idea was about operating a system of electric-powered rickshaws in refugee settlements, Masood said.

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TAGS: Business Plan Competition HULT Social Entrepreneurship