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THEME: Developing a business that will reach million consumers in a decade but also reduces gas emissions and has a positive impact on the environment
Precotech won the HULT PRIZE Competition at Makerere University. Their innovation aims at breaking barriers to employment through training the unskilled, but also, using a concept that is easy to comprehend, that is, Trash for Cash.
The Hult Prize international competition is an annual event with quarter finals hosted at University level globally. Quarter finalists advance to semi-finals at regional level from where the finalists are selected. The finalists pitch their project ideas at the New York City, USA. It is then that the winner is declared for the grand prize of USD 1,000,000.
This means every student of Makerere University gets chance to compete for the hult Prize which is packaged with 1m USD(Ugx 3.7billion)