invstr Meets: Professor Alessandro Lantern of Hult University
Professor Alessandro Lantern
Professor Alessandro Lantern of Hult University gives you his advice for being a successful entrepreneur.
A rundown on Hult International Business School
Hult International Business School is a global business school with campus locations in San Francisco, Boston, London, Dubai, Shanghai, Ashridge (UK) and New York City. Hult has a student body comprising over 130 nationalities and an alumni network of over 16,000 professionals working across the globe. In 2015, Hult merged operations with Ashridge Business School, a world-renowned thought leader and executive education provider, under the common brand “Hult International Business School”. The combined school’s mission is to become the world’s most relevant business school to employers globally. Hult International Business School is a non-profit organized in the Commonwealth of of Massachusetts and accredited by the New England Association of Schools and Colleges and the Association of MBAs.
The school has also been accredited by the British Accreditation Council of Independent Further and Higher Education. Hult is a member of the Association to Advance Collegiate Schools of Business (AACSB).
Hult’s Undergraduate program appeared in Bloomberg’s Undergraduate Business School ranking, as its first appearance in any undergraduate ranking, in 2016. The school was ranked as #124 in the United States. However, this ranking was only based upon the graduating class of 2015 from the London campus. The program has only been present in the United States since the 2014–15 academic year.
Hult International Business School is the lead sponsor of the Hult Prize (formerly Hult Global Case Challenge), an annual international case competition launched in 2010 that asks students to find solutions to global social challenges. The Prize is a partnership between Hult International Business School and the Clinton Global Initiative. Bill Clinton selects the challenge topic and announces the winner each September. Clinton mentioned the Hult Prize in a TIME Magazine article about “the top 5 ideas that are changing the world for the better.”
Teams from business schools around the world compete at one of five regional events to develop the best solutions to that year’s social challenge. The best teams from each regional event advance to a global final, at which a single winning team is chosen. Bertil Hult provided a $1 million cash grant to the partner NGO to help fund the winning solution in 2010, 2011 and 2012. In 2013 he will instead provide the same cash grant for the winning team to establish a new social enterprise.
In 2010, the competition focused on education in partnership with One Laptop per Child. The 2011 event partnered with Matt Damon’s water.org to focus on provision of clean water. In 2012, Hult Prize partnered with Habitat for Humanity, One Laptop Per Child and SolarAid to address global poverty through the provision of education, housing and energy.
The 2013 Hult Prize was won by a team from McGill University headed by MD / MBA Student Mohammed Ashour. The team continues to implement their idea of growing edible insects for food and feed under the name Aspire. The company is based out of Montreal, Canada, and has active operations in Ghana, Mexico, and the United States.
The Hult Prize 2014 was won by a team from the Indian School of Business, called NanoHealth. NanoHealth specialises in chronic disease management and provides holistic and affordable healthcare at the doorstep. NanoHealth creates a network of community health workers called ‘Saathis’ and equips them with a low-cost point-of-care device called the Doc-in-a-Bag. NanoHealth aims to avoid more than a million pre-mature deaths every year by providing affordable healthcare at the door step of the urban poor.
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