Hult Prize

The Hult Prize goes to a team of student entrepreneurs with an idea that will make the world a better place. Former President Clinton was on hand to announce the winner.

The members of the winning team, who met at Rutgers University, piloted a transportation service aimed at the refugees in the world's largest slum.

The $1 million Hult Prize went to team Magic Bus, operating in Nairobi. By cutting wait times, the bus crew could make customers happy — and boost their own income.

The challenge to university students around the world: Come up with a way to provide quality education to slum kids under age 6. And the winner of the $1 million Hult Prize is ...

The challenge: come up with a plan to improve healthcare in slums. There were 11,000 entries, featuring everything from bees to chewing gum as part of the proposal. And the winner is...

The founding father of "microcredit" is helping to judge a contest with maxidollars: the Clinton Global Initiative's Hult Prize, granting $1 million to a new business idea that'll help the poor.