Science alum part of team that wins $1 million Hult Prize

Former U.S. President Bill Clinton awarded Carleton alumnus Gabe Mott, second from right, and his team $1 million to start their own business as part of the Hult Prize Competition held in New York City. (Mari Anixter Photo)

Former U.S. President Bill Clinton has awarded $1 million to Carleton alumnus Gabe Mott.

The money will help him and his team give their new business a go.

Mott’s team was awarded in New York City as part of the Hult Prize competition – the world’s largest student business competition that focuses on social good and is in partnership with the Clinton Global Initiative.

“It’s overwhelming and it’s really exciting to see all the time and effort we’ve put into this now coming to fruition,” says Mott, who received his Bachelor of Science degree from Carleton. “To be recognized and given an opportunity to turn our idea into a real business is exciting.”

Mott and his team’s business will use the money to put crickets on dinner tables around the world – which will help bring safe, sufficient, affordable and accessible food to 200 million people who live in urban slums.

Since insects are a source of protein and nutrition for billions around the world, Mott and his team decided to generate crickets on an industrial scale – and, provide families in slums with specially-designed portable containers that can produce five kilograms of crickets every two months.

Mott and his team from the Desautels Faculty of Management at McGill University presented their plans in the final round to a jury – including Nobel Peace Prize laureates, executives and key players in world-renowned foundations and programs.

His team came out on top during regional finals against competitors like Harvard Business School and Yale University, but he says that competition this time was even tougher.

“I had never seen them present before and they were all brilliant,” Mott says. “There were excellent ideas that showed a lot of insight.”

Now that they have funds in place, Mott says the team is going to be busy launching their plans internationally.

“We have to get on the ground and start implementing as quickly as possible,” he says.

The team will also continue to build on their existing relationships with non-government organizations, international universities and other businesses.

He credits Carleton University for providing him with the base and problem-solving skills necessary to achieve this great accomplishment – especially in the competition’s final round.

“We had to prove this as an established business model, and the CEOs and leaders of world organizations had to feel it would change something,” Mott says. “We had to iterate that more than anything, and I called on the skills I learned at Carleton.”

This entry was written by Kristy Strauss and posted in the issue. Tags applied to this article are: . Leave a comment, bookmark the permalink or share the following short URL for this article via social media: http://carletonnow.carleton.ca/?p=11296

Kristy Strauss

By Kristy Strauss

Kristy Strauss graduated from Carleton's journalism program in 2009. She is a regular contributor to Carleton Now. She has worked as a reporter for the Kemptville Advance. She currently reports for EMC Ottawa South.

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