The premier Indian Institute of Technology (IIT), Kanpur hosted the Hult Prize OnCampus competition with CampusFund as its investment partner.
The annual social entrepreneurship competition by the Hult Prize Foundation challenges students to create impactful, sustainable, and scalable solutions to global challenges.
This year’s OnCampus round of the Hult Prize competition at IIT Kanpur focused on the theme ‘Redesigning Fashion’. The participating teams were tasked with developing innovative solutions to promote sustainability, ethical practices, and social responsibility in the fashion industry.
The fashion industry is one of the world’s most polluting and exploitative industries, and the 16 teams from different graduate programmes participated therein.
The sessions featured IIT Kanpur-incubated startup Phool.co founder Ankit Agarwal, along with Kanan Shah, the marketing coordinator at Hult, and Manish Ranjan, a previous winner of the Hult Prize competition.
Phool.co, a social enterprise, converts floral waste from temples and weddings into eco-friendly incense and biodegradable packaging.
IIT Kanpur has a sprawling campus spread over 1,055 acres with large pool of academic and research resources spanning across 19 departments, 22 centres, and 3 Interdisciplinary programs in engineering, science, design, humanities, and management disciplines with 540 full-time faculty members and approximately 9,000 students.
It was established on November 2, 1959 by an Act of Parliament. In addition to formal undergraduate and postgraduate courses, the institute has been active in research and development in areas of value to both industry and government.