#480: Hult Prize Winners To Deploy $1M Prize Improving Public Transit In Kenya
Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2edIuc0. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. -------------------- Each year the Hult Prize committee sets what Jim Collins would call a big, hairy, audacious goal or BHAG for student teams of social entrepreneurs. This year, the challenge was to double the income of 1 million people in the developing world. The winning team created a texting system that optimizes the inefficient public transportation market in Kenya. The $1 million prize was announced at the Clinton Global Initiative last month. The Clinton Foundation has announced that this will be the last such event and most of the employees have been given notice that that they will be laid off at the end of the year. The CGI was founded in 2005 to help find solutions to the world’s biggest problems. Being recognized at the final CGI is a historic footnote. Karim Samra, Chief Operating Officer of the Hult Prize Foundation, was closely involved with the judging process. He explains why the Magic Bus Ticketing team won. “Magic Bus Ticketing launched a startup that clearly meets a number of critical success factors including raising income levels for local drivers and conductors, a focus on significantly improving outcomes for millions through more efficient and effective transportation options, demonstrable financial and technical feasibility, a novel and unique approach that leverages technology appropriately for the market (sms-based), and embedded mechanisms for fast scale (financial rewards).” -------------------- Read the full Forbes article and watch the interview here: http://bit.ly/2edIuc0. Need a corporate social responsibility speaker? Learn more about Devin Thorpe at http://devinthorpe.com.