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University of the Philippines Advances to Regional Finals of 4th Annual Hult Prize in response to President Bill Clintons Food

Poverty Challenge Global top-tier schools will go head-to-head in worlds largest student competition in quest for social good and USD 1 million in start-up funding [Manila, Philippines] (January 28, 2013) The Hult Prize recently announced that University of the Philippines (UP) has advanced to the regional finals of the 4th Annual Hult Prize. The Hult Prize is the worlds largest student competition and crowdsourcing platform for social good, recently named one of the top five ideas changing the world by President Bill Clinton and TIME Magazine. In partnership with the Clinton Global Initiative, the innovative crowdsourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planets most pressing challenges. Student teams compete in five cities around the world for a chance to secure USD 1 million in start-up funding to launch a sustainable social venture. The 2013 Hult Prize is themed around global food security and will focus on how to get safe, sufficient, affordable and easily accessible food to the 200 million people who live in urban slums a challenge personally selected by President Clinton. Even before this Hult competition, our team had been piloting start-up enterprises that will both address food hunger and low income among the urban poor; the Hult Prize is a clear oppurtunity for us to continue and scale-up our initiatives in addressing a real and prevalent problem in the country, as said by Mr. Jamir Ocampo, the captain of the UP team. The Hult Prize is thrilled that University of the Philippines has joined the initiative, said Dr. Stephen Hodges, President of the Hult International Business School. This years competition has received a record number of entries, bringing together some of the most talented students to help solve global food security which can benefit nearly a billion people.

Ahmad Ashkar, CEO and Founder of the Hult Prize attributes the success of the competition to the global youth revolution and said, We continue to be moved by the large number of students from around the world who are capitalizing on the opportunity to develop business models that target the bottom of the pyramid. We wish every team the best of luck and thank University of the Philippines for supporting this initiative.

Each team selected was chosen from more than 10,000 applications received, totaling over 350 colleges and universities, representing over 150 countries. The Hult Prize regional competitions will take place on March 1 and 2, 2013 on Hult International Business Schools five campuses in Boston, San Francisco, London, Dubai and Shanghai. University of the Philippines will compete in Shanghai.

Following the regional finals, one winning team from each host city will move into a summer business incubator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. A final round of competition will be hosted by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team, who will be awarded the USD 1,000,000 Prize by none other, than President Bill Clinton. The Hult Prize is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forwardto seeing the many outstanding ideas the competition produces. President Bill Clinton, Founder, William J. Clinton Foundation and 42nd President of the United States. University of the Philippiness team members include Jamir Nino Ocampo (School of Economics, alumni), Toni Zuniga (Master of Community Development, continuing student), John Ray Lucas (Master of Community Development, continuing student), Precious Lou Namoc (Master of Community Development, continuing student), and Felisa Runas (Master of Technology Management, continuing student).

About the Hult Prize

Founded in 2009 by Hult International Business School Alumnus Ahmad Ashkar, and responding to a challenge made by President Bill Clinton in 2010, the Hult Prize is committed to launching a new wave of social entrepreneurs through identifying and launching disruptive social ventures that are poised to change the world. Its annual challenge is the worlds largest student competition and one of the worlds leading crowdsourcing platforms for social good. The Hult Prize was recently named one of the top five ideas changing the world by President Bill Clinton and TIME Magazine. Each year, more than ten thousand college and university students from around the world apply to pitch their ideas at one of six regional events that take place in Boston, San Francisco, London, Dubai, Shanghai and online. Up for grabs is USD1,000,000 in start-up funding and an opportunity to spend the summer in the Hult Accelerator - a world class center for innovation. The Hult Prize Global Finals is held inside of the Clinton Global Initiative annual meeting. The Hult Prize is funded by Swedish Entrepreneur and Founder of EF Education First, Bertil Hult and sponsored by the Hult International Business School and run in partnership with the Clinton Global Initiative. You can follow the Hult Prize on twitter @hultprize To learn more about the Hult Prize please visit:

Website: www.hultprize.org

Facebook Page: http://www.facebook.com/hultglobalcasechallenge

Twitter Page: http://twitter.com/hultprize

About the Clinton Global Initiative Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) convenes global leaders to create and implement innovative solutions to the worlds most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date CGI members have made more than 2,100 commitments, which are already improving the lives of nearly 400 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at $69.2 billion. CGIs Annual Meeting is held each September in New York City. CGI also convenes CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, and CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative. Hult Prize

Charlemagne Quinitio +1 571.269.6151 info@hultprize.org