Each year, the Hult Prize challenges university students across the world to solve social challenges facing millions of people across the world.
The 2023 Hult Prize Challenge is Redesigning Fashion, with the idea of launching an innovative social venture in the clothing and fashion industry to make it more sustainable by 2030.
Today’s Fashion industry is the world’s third-largest manufacturing sector, contributing $2.4 trillion to the global economy. Over 150 billion articles of clothing are produced each year. Fashion employs 300 million people across its value chain, a sixth of the world’s workforce. Unfortunately, all this comes at a terrible environmental and social cost.
The document will guide you on how to solve this year’s challenge outlining the problem, insights & good case practices, participation details, selection criteria and courses & resource library.
Please, use this document as the main point of reference for your university entrepreneurs’ journey.
Find here a 1-page summary of the Hult Prize Challenge.