The Climate and Energy Prize is a startup competition organized by MIT students. Each year, teams of students from around the world compete for more than $100,000 in prize money. The competition seeks to move the world closer to net zero carbon emissions by empowering ambitious entrepreneurs to solve the world’s most difficult climate-related challenges. The program is for students with climate tech and energy start-up ideas that can change the world. Only new ventures are eligible to compete in the MIT CEP. Projects within existing businesses are not eligible for entry.