President Clinton challenged business students to solve the global food crisis for $1 million in seed money. The winner? A startup working to get insects into slums. Here are the finalists for the Hult Prize.
Aspire is hoping to solve the world's hunger crisis one bug at a time. And as the winner of the $1 million Hult Prize, it has a pretty solid shot at success.
The startup provides low-cost insect farming systems to local farmers to help them harvest insects like crickets and grasshoppers year-round. Aspire then buys the insects -- which are full of nutrients -- from the farmers and distributes them to urban slums. Not only does this create income stability for the farmers, but it provides consistent nutrition at a more affordable price to those in need.
Aspire has already launched in Mexico and is planning on launching a program in Kenya.