"We need big ideas and bold solutions to address the intensifying climate chaos we are facing," says Arturo Garcia-Costas, senior program officer for the Local, National, and International Environment.
That's why New York University's Urban Future Lab has added a new category to its annual competition for entrepreneurs: climate change startups.
The winners of the 2023 Future Vision Prize and Climate Finance Prize, each receiving $50,000, will be admitted to an incubator at NYU Tandon School of Engineering, reports Phys.org.
Carbon Collective won the Climate Finance Prize for its plan to "democratize carbon" through investments in clean companies, while Cadence OneFive won the Future Vision Prize for its plan to "democratize building science expertise and construction management best practices," per a press release.
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Mozambikes, a for-profit social venture, was formed during a road trip across Mozambique. The founders of Mozambikes aim to improve the quality of life among rural Mozambicans by providing low-cost, efficient personal transportation.