Hult Prize Winners Awarded $1M To Transform The Lives Of 10M People - #1013
Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2pZSuZs. Four students at University College London who launched aptly named Rice Inc. have been awarded the $1 million Hult Prize to meet the official challenge to “build a scalable, sustainable social enterprise that harnesses the power of energy to transform the lives of 10 million people by 2025.” Their plan is to make fast, effective and affordable rice drying available to smallholder farmers who, lacking the technology, typically lose about 20% of their harvest in the drying process. Today, those farmers simply spread their rice on the ground in the sun, where is it vulnerable to weather, birds and other pests that may eat or contaminate the rice. “We solve inefficiencies in the rice supply chain caused by an existing power imbalance between smallholder farmers and millers,” says Kisum Chan, the team’s chief marketing officer. “We solve this by providing farmers with access to drying and storage facilities which can potentially unlock the true value of their harvest.” Read the full Forbes article and watch the interview here: http://bit.ly/2pZSuZs. Be a hero! Join the elite group of supporters who ensure that stories like this can continue to be shared! Visit heroes4good.org to become a hero now.