Hult Prize at Lahore School of Economics

This year, Bilawal organized the first ever Hult Prize OnCampus Program at the Lahore School of Economics (LSE) in Pakistan. His entire team was energetic and motivated to engage the community to embark upon the social entrepreneurship revolution in Pakistan.

The Hult Prize is a game-changing platform that identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. Each year, the Hult Prize issues a big bold challenge aligned with a large market opportunity meant to inspire and enable the world’s brightest minds to solve its greatest problems. The teams who competed in LSE presented solutions to this year case challenge – Harnessing the Power of Energy to transform the lives of 10 Million People.

Social entrepreneurship promotes a fair and synergized society by tackling social issues and by means of their social mission to try to achieve a lasting sustainable impact rather than merely maximizing profits. Social enterprises must be seen as a positive force because change agents offer leading innovation for social needs. Social entrepreneurship is not a panacea because it works within the general social and economic framework, but because it starts at the lowest level, it is often overlooked and it deserves much more attention from both academic theorists and policymakers. This is especially important in developing countries and welfare states that are faced with increasing financial stress.

Bilawal’s team engaged his community through social media presence and various marketing campaigns to promote this year’s topic. He invited judges from Denmark and the United Kingdom (London) who came all the way to be a part of the Hult Prize at LSE. His team organized 5 mentoring sessions with the competing teams. His event proved to be a huge success.

Pak Freight; the team who won the OnCampus round of the Hult Prize at LSE 2018 had a game-changing socially innovative idea for Pakistan and the rest of the world. Pak Freight will connect and equip the individual transport holders and logistics companies of Pakistan – with a global expansion in the near future – to transport goods to areas where people have less access to food, clothes and other basic necessities. The model is such that cottage industry will be given a boost and women who have less access to the market will be given the support they need to sell their goods in potential markets through Pak Freight clients.

It was difficult but not impossible!

Unikorn Staff
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