Solve the global food crisis, win $1 million

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.

Insects for food

social entrepreneur hult prize 4
  • Startup: Aspire Foods
  • Team: McGill, Canada

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.

Related: This energy bar gets its kick from crickets!

  @CNNMoney - Last updated September 24 2013 11:43 AM ET
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