This annual event brings together the top college and university students from around the globe.

Student teams compete to generate solutions to the world’s most pressing problems in partnership with leading nonprofit organizations.

The challenge
The 2012 competition focuses on alleviating global poverty through affordable housing, affordable energy, and affordable education.

Habitat for Humanity International has tasked students with finding housing solutions that will reach 20 million people in 10 years.

SolarAid set the challenge of how SunnyMoney can get off-grid solar power and light to one million households by the end of 2013.

One Laptop per Child asked students to create better methods of delivering business models and producing laptops to educate as many children in need as possible.

Seed money
A total of $US1 million in seed capital will be given to the three nonprofit partners to help pilot the winning ideas.

Habitat for Humanity, SolarAid, and One Laptop Per Child will each be given US$333,333.

The finals
Regional competitions have been held across all of the Hult International Business School campuses in Boston, San Francisco, London, Dubai, and Shanghai.

The student teams selected at the regional competitions will advance to the Global Finals in New York City.

The event will be held on Thursday, April 26 at the New York Public Library. Former U.S. President Bill Clinton will present the prizes.

Follow the teams on Twitter.com
Learn more about the universities and their competing teams. Follow the teams below on Twitter:

• Hult International Business School: @Hult_Biz
• Hong Kong University of Science and Technology: @HKUST
• Presidio Graduate School: @PresidioGrad
• University of California Berkeley: @UCBerkeley