A team of University of Wisconsin-Madison students, which included two Wisconsin School of Business MBA students, recently competed in the Boston regional finals of the sixth annual Hult Prize Challenge, the world’s largest student competition and startup platform for social good.
The UW-Madison team was one of 250 that advanced from a pool of 20,000 applicants from more than 500 colleges and universities in more than 150 countries to compete for a chance to secure $1 million in startup funding to launch a sustainable social venture.
The team’s venture, a company called Shiksha Shakti, which means “power of learning” in Hindi, developed an innovative, play-based approach to learning, a playful learning certification, and a line of toys to help educate children in urban slums of South Asia.
“This was my opportunity to combine everything that I was learning in business school with my previous experience in international development,” wrote Wisconsin team member Angie Peltzer (MBA ’16). “This was also my opportunity to fully access the most valuable resource of the university, its students. Ultimately, the diversity of our team allowed us to come up with an innovative approach.”
Other team members included Pushkar Raj (MBA ’16); Tanu Rawat, a graduate student in the School of Education; Katie Baldwin, an undergraduate in the School of Engineering; and Hilary Runion, a Ph.D. candidate in the School of Human Ecology.
Founded in 2010, the Hult Prize competition was created in partnership with President Bill Clinton and the Clinton Global Initiative to identify and launch catalytic social ventures that aim to solve the world’s most pressing challenges.
Read more about the team's experiences in Angie Peltzer's blog post on the Center for Brand and Product Management blog.