Mexico City, July 5, 2023.— With the goal of creating a fashion industry startup that not only generates revenue but also creates positive social and eco-sustainable impact, the academic student group Hult Prize, from the SMART Center at Universidad Panamericana, held the OnCampus Event on February 15 of this year.
OnCampus Event 2023
This year's challenge, titled Redesigning Fashion, featured three teams that dazzled the judges with their business ideas:
Modequity
The team consists of Paola Sánchez Alcántara, Andrea Macías Espíndola, Ximena Rivera del Río Hernández, Servando Fernández Flores, and Sandra Mariana Urbina López from the School of Business.
The goal of her project was to find new uses for formal dresses—which are typically worn only a limited number of times— to make them more accessible to people who cannot afford to buy their own or who are looking for alternatives.
Through this initiative, they aim to reduce the environmental impact of producing these dresses and generate a positive economic impact for those who wear them.
Changeitt
The team consists of Montserrat Huitrón Gómez, Andrea López Nieto, Andrea de los Santos González, and Victoria Jaimes Fabila, students in the School of Business.
Thisstartup aims to reduce the pollution caused by consumers' poor online purchasing decisions by implementing technologies related to artificial intelligence and Web 3.0.
Retazzo
The group consists of Pablo Marentes Mirafuentes, Hanna Magaly Larios Moscoso, Marco Samuel López Benítez, and Ximena Reyes Moreno, most of whom are from the School of Engineering.
This was the winning team, which presented a project that recycles the leather scraps generated in industrial quantities by using them to manufacture car seats, armchairs, and other items.
The team aims to use waste materials to create raw materials for the production of new products, such as furniture, fashion accessories, and leather bags and wallets.
Next step
The winner of this competition, Retazzo, advanced directly to the regionals, where they will compete against universities from around the world. The students had the opportunity to choose the venue where they would compete, which turned out to be Rio de Janeiro.
For its part, Modequity decided to enter the regionals through Second Chance and chose to compete in Monterrey.
Known as the “Nobel Prize for Students, ” the Hult Prize is an annual competition that brings together ideas from college students around the world and challenges them to solve pressing social problems.
