Crescent Enterprises, a distinguished multinational corporation, has recently announced the recipients of its ‘Crescent Enterprises Climate Innovation Prize’ in partnership with MIT Solve. The award, bestowed at the COP28 Business & Philanthropy Climate Forum, included a non-dilutive funding of Dh735,000 for the successful entrepreneurs.
Out of a selection of over 45 startups within MIT Solve’s climate portfolio, four entrepreneurs were chosen as winners of the ‘Crescent Enterprises Climate Innovation Prize’ for their pioneering solutions, with half of the winners being women.
Tushar Singhvi, deputy CEO and head of investments at Crescent Enterprises, expressed his satisfaction in collaborating with MIT Solve for the Climate Innovation Prize, affirming the organization’s dedication to sustainable development and backing for global technological innovation. Singhvi further declared that the prize encapsulates these principles.
Hala Hanna, executive director of MIT Solve, also remarked on the partnership, highlighting the shared commitment to promoting global entrepreneurship and propelling impactful solutions towards a sustainable future.
The four recipients of the ‘Crescent Enterprises Climate Innovation Prize’ conveyed their gratitude and excitement for the recognition and support. Rumee Singh, co-founder of Rumsan, underscored the influence of blockchain technology on climate-centric interventions in Nepal. Alexia Akbay, CEO and founder of Symbrosia, hailed the prize as a transformative force for climate startups.
The COP28 Business & Philanthropy Climate Forum, conducted in collaboration with global partners, brought together more than 1,300 business and philanthropy leaders and policymakers to encourage collaboration and expedite progress towards net-zero and nature-positive goals.
In summary, the acknowledgment and support provided through the ‘Crescent Enterprises Climate Innovation Prize’ aimed to amplify the innovative endeavours of entrepreneurs worldwide in addressing climate challenges and instigating change.
To conclude, the alliance between Crescent Enterprises and MIT Solve has resulted in the acknowledgment and backing of global entrepreneurs who are devoted to discovering impactful solutions for a more sustainable and resilient world. The ‘Crescent Enterprises Climate Innovation Prize’ stands as a testament to the commitment to nurturing innovation and entrepreneurship on a global scale.
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