15 March, 2015

UNIVERSITY OF TORONTO TEAM CROWNED WINNERS OF MENA REGIONAL FINALS OF THE PRESTIGIOUS US$1M HULT PRIZE IN DUBAI


‘Team Attallo’ beat 45 teams from the Middle East, Asia and the Americas and is now on course for the Hult Prize Global Finals in New York and the $1 million prize shootout
Dubai, 15 March, 2015: ‘Team Attallo’ from University of Toronto were announced as winners of the Hult Prize Foundation regional finals in Dubai, following a weekend of presentations judged by leading figures from academia, government and industry at Hult Dubai’s campus.
Run in partnership with the Clinton Global Initiative (CGI), the Hult Prize is the biggest student competition in the world, with this year’s challenge of building start-ups to provide sustainable early education solutions for 10 million children in urban slums set by Former President Bill Clinton.
Beating more than 200 students that made up the 46 teams from colleges and universities across the Middle East and beyond, Team Attallo’s winning idea was based around bridging the ‘word gap’ – a lack of childhood vocabulary and the resultant development issues that underprivileged children often face.
Children aged three and under from poorer areas often get exposed to 30 million less words than their counterparts in more affluent countries, and this word gap has an effect on their cognitive development that lasts into their adult life.
By using a combination of picture books with QR code stickers and a simple, low cost electronic ‘reader’, Team Attallo’s system allows parents to teach their children new words and increase all-important vocabulary in a simple, low-cost yet effective manner.
Team Attallo consists of Aisha Bukhari, 31; Peter Cinat, 35; Lak Chinta, 38 and Jamie Austin, 30 – all based in Toronto, Canada.
“We are really excited,” said Aisha Bukhari at the award ceremony. “We came up with the idea in the past two months. The biggest thing is for us to impact the lives of 10 million children and so winning this regional final is a great start for us. We have a plan that we’re hoping to complete between now and September and we hope that the regional finals and Hult Accelerator will give us the momentum to actually go through with it.”
Other regional finals were held simultaneously in Boston, San Francisco, London, Dubai and Shanghai, with a sixth held online, and all successful finalists will go on to attend the Hult Prize Accelerator in July, a six-week programme of intensive entrepreneurial seminars hosted by Hult International Business School.
The teams will then attend CGI's annual meeting in September, where Bill Clinton will host the Hult Prize Global Finals. Here, teams will pitch their winning presentations in front of an audience of globally renowned VIPs. The winner will be chosen from the six and awarded the $1 million prize.
This year’s MENA judging panel represented a large cross section of the region’s commercial leaders and innovators and included: Mohammed Shael Al Saadi, CEO of Business Developments & Strategy Sector at DED; HE Shaima Al Zarooni, CEO of International Humanitarian City; Rahgu Malhotra, President (MENA) at Mastercard; and Mahmood Al Bastaki, CEO of Dubai Trade.
Ahmad Ashkar, CEO and Founder of the Hult Prize Foundation, said: “The standard of entries this year was extremely high and we were blown away with the innovation and creativity displayed by the students. From the many worthy entries, the winning idea of Team Attallo stood out for its simplicity and elegance and we wish the team well in the next step of the Hult Prize journey. Solving issues such as childhood education is an incredibly difficult challenge, but as we have seen, these fine young people are more than up to the task.”
For a full list of finalists, visit http://www.hultprize.org/en/compete/2015-prize/2015-finalists/
=