IIT Bombay had conducted the campus round of the Hult Prize competition on the 25th of December in collaboration with NTPC Limited and E-Cell, IIT Bombay. The 2020 Hult Prize Challenge ‘Bold Business idea for a Better Planet’ aims at enforcing game-changing startup ideas which can create an environment of sustained profitable enterprises with the view to change the fundamentals of the economy.
The Hult Prize is the world's biggest social entrepreneurship competition, which annually receives over 200,000+ applicants from more than 1500 colleges and universities from 121+ countries. Offered in partnership with Bill Clinton Foundation and the United Nations, the global winner gets $1 million prize for launching the startup. It challenges college students to solve a pressing social issue around topics such as environment, food security, water access, energy, and education. The Hult Prize has 3 stages: On-Campus, Regionals & World Finals.
The On-campus round was conducted for the first time in IIT Bombay on 25th November 2019. A total of 20 teams pitched their idea. Team Thundering Titans comprising of Shrut Sanghvi, Shubhankar Seth, Sahil Shah & Samish Baheti emerged as the winner of the competition. They advance straight to one of the 30+ Regional Summits happening worldwide, a step closer to winning the $1 million prize.