News Flash: ISB Wins Hult Prize 20140
A team from Indian School of Business has won the 2014 edition of the HULT Prize as per an announcement today on ISB’s Facebook page.
An exuberant post on Facebook from ISB reads:
Hearty Congratulations to our team #NanoHealth, for winning the global finals of the Hult Prize held at New York. ISB team was the first ever entrant into the global finals from India. The Team will receive seed capital of $1,000,000 from HULT and the Clinton Foundation to implement their venture.
The team from ISB consisted of Aditi Vaish, Ashish Bondia, Manish Ranjan, Pranav Kumar Maranganty, and Ramanathan Lakshmanan -students of the one-year full time MBA (PGP) at the B-school.
The 2014 Hult Prize “President’s Challenge” was Healthcare: Non-communicable Disease in the Urban Slum, as selected by President Bill Clinton at this year’s Clinton Global Initiative (CGI) Annual Meeting in New York. The challenge specifically asks teams to build sustainable and scalable social enterprises to address non-communicable disease in slums.
Founded in 2009 by Hult International Business School graduate Ahmad Ashkar, today the Hult Prize is the world’s largest student competition and crowdsourcing platform for social good. In October of 2012, the Hult Prize was named as one of the top five ideas changing the world by President Bill Clinton and TIME Magazine.
Each year the Hult Prize, in partnership with President Bill Clinton and the Clinton Global Initiative and the Hult International Business School, challenges millennials around the world to develop innovative social enterprises that aim to tackle grave issues faced by billions of people. Winners receive USD 1 million in seed capital, as well as mentorship and advice from the international business community to launch their newly formed company.
The ISB team’s startip idea NanoHealth specialises in chronic disease management providing holistic services at most affordable price to slum-dwellers at their doorstep.
The team believes that intervention at any one point in the disease value chain is not enough to have a meaningful impact in the life of patients and their families.
NanoHealth aims to solve the problem of under-diagnosis, poor treatment and compliance by creating a network of health workers (called “Saathi” meaning “a friend”) and equiping them with “Dox-in-Box”, a diagnostic tool which can take vitals and risk-profile the patients for diabetes and hypertension. Saathi with the Dox-in-Box also provides monitoring services after a doctor within the NanoHealth network confirms the disease in a patient. By adding Doctors & Pharmacies to its network, NanoHealth becomes a one-step shop for all services related to Chronic Disease Management.