A team of WBS students from Russia, India, Bahrain, Canada and the UK are competing in the Hult Prize Global Challenge - judged by former US President Bill Clinton - to win USD1 million of funding for their social enterprise to help slums dwellers in Mumbai.
The full-time MBA students aim to address the main day-to-day issues facing urban slum dwellers. The team narrowly lost out to Hult San Francisco in the previous round of the Challenge, where they competed against 45 other world-leading business schools and universities, and defeated the likes of Harvard, Berkeley and Stanford en route to the final four.
For this round, the Warwick team produced a short video to describe their comprehensive solution, which styles itself on a 'smartphone' concept. It takes parts of existing solutions that are inefficient and do not work together, and brings them together under one umbrella. The FEED model comprehensively addresses empowerment through education, renewable energy solutions, distribution and waste management problems simultaneously.
Only one team progresses to the Global Finals in New York in September and the team are thankful for the support they've received from WBS - and to everyone who votes for their FEED idea.
You need to cast your vote by 11 May.
In 2013, more than one billion people worldwide live in slums. Team member Adam Lawrence says:
Even though the Warwick MBA by full-time study is a challenging undertaking, we strongly believe that it’s crucial to apply our learning to try and help those less fortunate than ourselves. We firmly grasped the opportunity to help the millions of people living in urban slums worldwide with both hands."
The WBS team consists of:
- Supriya Mundra - team leader, (India), who has first-hand experience of the difficulties faced in urban slums and experience in strategy consulting
- Mohamed Matar (Bahrain), who is a chartered financial analyst
- Adam Lawrence (UK), who has a background in economics and property
- Nikolay Samoylov (Russia), who is an energy professional
- Jane Kwong (Canada), who is an operations and human resources practitioner.