AUST Students Shortlisted for Prestigious 2021 Hult Prize US1M Challenge Award
The Hult Prize Foundation announced that SOYNIC, a soya protein food brand planned by the team Gambit has been shortlisted for the 2021 Hult Prize US1M Challenge regional final round. Md. Sabit Shahriar Haque, Snehashis Roy, Tahsin Rahman and Tofiquel Haque Toha are the members of Team Gambit of Ahsanullah University. In partnership with the United Nations Office of Partnerships, the Hult Prize Foundation organizes the world's largest startup program aimed at social impact. It offers a grand startup prize of US$1,000,000 awarded by President Bill Clinton at the United Nations Headquarters on an annual basis. Their Team Gambit has beaten the odds, outperforming a record number of 350,000 program participants who began the journey this past fall. "It's an amazing experience being selected for the next round, and we truly believe our idea can and will change the world", said SOYNIC team member Snehashis.
The team is now preparing for the next stage to travel to the Hult Impact Summit - Chittagong. This coming spring, where they will pitch for a coveted spot in the Hult Prize Global Accelerator - a best in the class program, regularly ranking as the world's number one accelerator for social impact. "It is fascinating to see like-minded young entrepreneurs, representing 121 countries, coming together around the same mission. The Hult Impact Summits will celebrate the youth-driven impact and showcase thousands of SDGs aligned businesses addressing the UN-issued Hult Prize Food for Good Challenge." said Hamdi Ben El Elmi, Hult Prize Foundation Global Head of Programs.
This year's 2021 Hult Prize Challenge asks entrepreneurs to rethink food and build the foundations of a venture that will create jobs, stimulate economies, reimagine supply chains and improve the overall outcome for 10,000,000 people by 2030. SOYNIC does that by reshaping people's good habit and ensuring protein source at a cheap rate, and you can follow their journey to impact by visiting facebook.com/Soynic-104970791542214
The team Gambit describe their project as below:
"We, Team Gambit, believe the world will feel the growing hunger, scarcity of food with the increasing food demand& malnutrition more than ever before if the farmers are not paid proper wages which will result in them leaving this occupation. So, our team has come up with an idea to create a marketplace presenting soybean as a way of income to some and as a source of nutrition to others. Soybean, also known as vegan meat, is high in fibre & protein, low in saturated fat with almost zero cholesterol and lactose & a good source of fatty acid & antioxidant, making it a good alternative to meat. It can also be harvested three times a year, making it a good source of earning and meeting the increasing food challenge. As it produces a profitable yield, the farmers will be enticed to switch to soybean cultivation. Thus soy cultivation can be utilized to fight hunger games to ensure food security."
Hult Prize Impact Summits have a history of being life-changing experiences for attendees and bring together a community of people with an outlook of changing the world through business. Events are open to college and university students, industry professionals, academic leaders, and non-profit / government executives. Planned programming includes professional networking mixers, social events, inspirational keynote speeches, workshops, and the headline activity of the summit - the regional final demo day of the million-dollar Hult Prize Challenge. More than 200 shortlisted entrepreneurs will be pitching startups that solve this year's UN issued food challenge. At stake for one lucky team is a golden ticket invitation to attend the award-winning Hult Prize Accelerator program getting them one step closer to winning US$1,000,000 in startup capital.
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