Three Canadian teams are among the finalists in $1-million ‘Nobel Prize’ for business students.

Half of the social enterprises bidding the $1 million “Hult Prize” are from Canada as three Canadian teams are among six finalists in $1-million ‘Nobel Prize’ for business students.

The theme of this year’s Hult Prize, “Refugees — The Reawakening of Human Potential,”focused on “restoring the rights and dignity of people and societies who may be, or are forced into motion due to social injustices, politics, economic pressures, climate change and war.”

Teams from York University, the University of Waterloo and the University of Calgary won in semifinal rounds and are in contention for the prize to build their own social enterprise and put their ideas into practice.

The prize will be awarded in September.

The 2013 Hult Prize was won by a team from McGill University.