McNeese State University is seeking teams to participate in the Hult Prize, an international competition where students develop business ideas that are designed to create jobs in the future.

The university will host its competition Nov. 17. Three team spots are left, and the registration deadline is Nov.

9.

Billed as the “Nobel Prize for Students,” the Hult Prize partners with the United Nations to give college students the opportunity to solve some of the world’s greatest challenges with a $1 million reward.

The winning team from McNeese’s competition will advance to the regional competition in Chicago.

“This is a great opportunity for McNeese to compete globally and to represent Southwest Louisiana all around the world,” said Nischal Aryal, campus student director.

Aryal said the Hult Prize is unlike other entrepreneurial competitions because teams only need a strong idea, not a prototype or plan, to win. The Hult Foundation will provide the winning team with the training, incubation and financing to launch their product.

“McNeese is a part of this campaign to change the world and is participating globally to transform the entrepreneur’s idea of making a product,” Aryal said. “Yes, you’re earning profit, but you’re also creating jobs and making something beautiful out of it. That’s the notion of social entrepreneurship — leading a generation to change the world.”

Jeffery Stevens, assistant professor of management and Hult Prize program coordinator, said students from every college are encouraged to participate in the competition.

“Social entrepreneurship should be a part of every organization,” he said. “Just make an impact in the work, and everything else will follow.”

To register, email Aryal, msu-naryall1@student.mcneese.edu.