Professor Dr. Abdelaziz Konsowa, President of Alexandria University, congratulated the Alexandria University team (EFFCT) for winning second prize in the international Hult Prize competition held in the French capital, Paris, after competing with more than 10,000 teams from 110 countries, during which the Alexandria University team was able to reach the final yesterday.
The Alexandria University team, which won a financial prize worth about 4 million Egyptian pounds, founded a startup company to recycle clothing industry waste, after winning first place last May in the “Egypt Summit for Community Investment Projects” competition launched by the Innovators and Geniuses Fund, in cooperation with Hult Prize International Competition Authority, where competition took place between several student teams at different Egyptian universities, which have ideas and prototypes for community projects in the field of clothing and fashion, which can be turned into startup companies.
The Hult Prize competition is the largest student competition in the world, with more than 100,000 students participating after qualifying rounds in more than 120 countries. It aims to develop the skills of imagination, creativity, innovation, and entrepreneurship, in order to solve pressing social problems.