BCom students Nicholas Bigelow, Ivan Di, Mak Dorić, and Emily Ren have triumphed over 250 teams from across North America to win the 2014 National Investment Banking Competition (NIBC) held in Vancouver from January 7-9.
The problem: finding a high-quality source of protein for hundreds of millions of people that can be raised quickly, without consuming a lot of land, water, and other resources.
... Gabe Mott, an MBA student at McGill University in Montreal, said he and his teammates, the winners of the Boston regional competition, hadn’t expected to get into social entrepreneurship, but the Hult Prize opened opportunities.
Five students from the Desautels Faculty of Management at McGill University, Canada offered a rather innovative (read bizarre) solution to the challenge of the 2013 Hult Prize, considered by some as the Nobel Prize of the b-school arena. Responding to the challenge of developing a viable social enterprise to tackle the challenge of food security for urban slum dwellers, these students have offered crickets as an inexpensive source of food as well as a new source of income.
Desautels Students' Concept of Solving Urban Hunger with Diet of Crickets Scores Big Points in Social Entrepreneurship Contest
A world without hunger could mean a world with a lot more crickets, according to a team of MBA students at McGill University's Desautels Faculty of Management.
...This year's social issue, personally selected by former President Clinton, is centered on the global food crisis in urban slums, affecting more than one billion people worldwide. Mohammed Ashour, McGill's team captain, said his idea was base solely on the concept of insect consumption.
A group of Desautels MBA students beat out over 40 teams and 10,000 applicants, including representatives from Harvard, MIT, and Yale, to win the 2013 Hult Prize Boston Regional Finals.
This fall, Carleton alumnus Gabe Mott and his team will stand before world business leaders and former U.S. President Bill Clinton and ask for $1 million.
His goal is to help put crickets on dinner tables around the world.
Insects are not regular fare on Western menus, but a surprising number of people worldwide--perhaps as many as 2.5 billion--eat them happily on a regular basis. High in protein, low in fat, and rich in iron and omega-3, bugs like grasshoppers and cicadas are vital staples--a crunchier, and more sustainable, alternative to beef, pork, and lamb.
If I broke the news to you that MBA students tend to be highly competitive individuals, you may not be too surprised. The Pope is, also, apparently Catholic, and all politicians are credible and reliable.
A group of McGill students (Mohammed Ashour, Gabriel Mott, Shobhita Soor, Jesse Pearlstein and Zev Thompson) hope their plan to breed crickets for use as a viable food source will be a million-dollar idea. The five students will be up against teams from Harvard, MIT and Yale as well as other teams from around the world.
With his team, Mohammed Ashour, a Master's candidate at McGill University, won a regional championship of a special competition to have their proposal of crickets as a food source for impoverished countries presented to Bill Clinton and Barack Obama - and potentially win $1 million.
Watch full interview: Global Montreal, March 11, 2013