By: Timothy Huang and Evelyn Kao
New York, Sept. 27 (CNA) A group from National Chengchi University in Taipei called IMPCT won this year’s Hult Prize and was presented US$1 million in prize money by former U.S. President Bill Clinton at a ceremony in Manhattan, New York Saturday.
The Hult Prize is an annul million-dollar business plan competition sponsored by the Clinton Global Initiative that holds five regional competitions around the world. It has awarded one startup idea per year since 2009 on a specific topic of global social importance with the aim of generating market-based solutions to the world’s most pressing social issues.
This year’s challenge was to provide quality early childhood education to over 10 million children in urban slums by 2020.
National Chengchi University’s Team IMPCT emerged as the top prize winners of this year’s challenge with its “online round” crowdfunding program. [FULL STORY]