A team of business students from McGill University in Montreal have won $1-million for developing a nutritious, low-cost food made from insects.

Their new “power flour” will help feed poor people around the world.

Every year, the Hult Prize Foundation holds a contest for college and university students. They challenge the students to find ways to help solve social or environmental problems by developing new products or new businesses.

The prize was awarded on September 23 in New York City by former U.S. president Bill Clinton. Clinton chose the theme of world hunger for this year’s contest.

Ahmad Ashkar, the founder of the Hult Prize, said almost a billion people go hungry every day.

The winning team, which calls itself Aspire Food Group, developed a plan for adding dried and ground-up insects to flour to make it more nutritious.