Mintz, Cohn, Ferris, Glovsky and Popeo, P.C. has been chosen to be a legal mentor for teams competing for the 2015 Hult Prize, the world’s largest social entrepreneurial competition. Mintz attorneys will provide legal guidance to the six regional finalists of the international competition as they participate in the Hult Prize Accelerator, a six-week program of intensive entrepreneurial seminars hosted by Hult International Business School’s Boston campus.
The Hult Prize Foundation is a start-up accelerator and enabler for budding young social entrepreneurs emerging from the world’s universities. Named as one of the top five ideas changing the world by President Bill Clinton and TIME Magazine, the annual competition for the Hult Prize aims to identify and launch the most compelling social business ideas—start-up enterprises that tackle grave issues faced by billions of people. The focus of this year’s competition is the lack of access to quality early childhood education for the 100 million children living in the world’s urban slums. Thousands of students from 130 countries, representing over 350 institutions of higher education participate in the annual competition.
“We are honored to have been chosen as legal mentor to these exceptional students as they hone their business concepts,” said Kristin A. Gerber, an attorney in Mintz’s Corporate & Securities Section. “Mintz has long been committed to supporting social entrepreneurship and we are thrilled to be a part of this important initiative.”
Karim Samra, Chief Operating Officer of the Hult Prize Foundation added that “We’re thrilled by Mintz’s support this year. Their legal expertise and innovative business model is unmatched in the social enterprise space. Kristin Gerber and her colleagues have already proven to be an invaluable resource for our entrepreneurs as they navigate the initial phases of registering and founding their legal entities.”
The winner of the 2015 Hult Prize will be announced at the Clinton Global Initiative (CGI) annual meeting on September 26 in New York City. Teams will pitch their ideas in front of a world-class audience. . Judges of this year’s competition include Muhammad Yunus, Nobel Laureate and Founder, Grameen Bank; Julia Gillard, Former Prime Minister of Australia;; and Fadi Ghandour, Founder & Vice-Chairman; Aramex. The winners will receive $1 million in seed capital, as well as mentorship and advice from the international business community.
For more information about the Hult Prize, please visit http://www.hultprize.org/