SEBA Students Compete for $1 Million in Seed Money

Thanks to SEBA’s chapter of Net Impact, the Hult Prize Competition, in partnership with the Clinton Global Initiative, is coming to Saint Mary’s. Open to students across the world, the competition aims to harness business strategies to solve some of the world’s most important problems.

The focus of this year’s competition is early childhood education, with particular emphasis on providing quality early education to 10 million children under age 6 in low-income urban areas by 2020. Solutions emphasize driving down cost, motivating young students and parents, and creating awareness of the importance of early childhood education. In previous years, the Hult Prize Competition has centered on housing, food security, energy and healthcare.

SEBA’s chapter of Net Impact—a community of students and professionals creating positive social and environmental change—was instrumental in making Saint Mary’s a host site for this year’s competition.

“It is a significant accomplishment for Saint Mary’s to be a host campus for this competition,” said Rebecca Kramer, a Net Impact member who helped bring the event to SMC. “We believe the spirit of the Hult Prize Competition aligns nicely with the Lasallian values of the college, as well as with SEBA’s goal of fostering a community of leaders who "think globally and lead responsibly."

Each team participating in the competition will be given eight minutes to present its idea or start-up, followed by four minutes of Q&A.

The competition is open to teams of students at the undergraduate, graduate and Ph.D. level from any field of study. Teams are made up of three to five current students and/or one alumni. The winning team from the official Saint Mary’s competition will be automatically entered in a regional final held in six cities around the world in early March. In order for the Saint Mary’s competition to be considered official, at least 10 teams must participate.

If there are fewer than 10 teams, those teams that participate will still be in the overall Hult Prize Competition. They will not, however, gain automatic advancement into a regional final. 

On Nov. 20, there will be a workshop for participating teams at 5:30 p.m.; the final day to register for the competition is Nov. 21. The competition begins on Thursday Dec. 4. All events take place in the Soda Center.