Developing countries face a significant financing challenge in their efforts to adapt to climate change, with an estimated annual gap of $310 billion projected by 2035. Currently, these nations receive less than 10% of the necessary funds, intensifying the demand for innovative climate solutions.
In response, the MIT Climate & Energy Prize is launching a global competition aimed at university students. This initiative seeks to support student-led startups focused on climate technologies that address pressing adaptation and mitigation needs in developing regions. Eligible teams must comprise at least two members and may include non-students, with projects spanning nine tracks, including renewables, sustainable agriculture, and low-carbon technologies.
The competition not only offers a chance to win $100,000 in prize funding but also provides mentorship from industry experts, networking opportunities, and resources for pitch development. Teams interested in participating must apply by January 11, 2026.