Mumbai to Host Largest Earthshot Prize Edition With Million-Pound Grants

Mumbai is hosting the largest ever edition of The Earthshot Prize, bringing together innovators, investors, businesses, policymakers, and young people to scale up environmental solutions. Five winners will each receive a prize of one million pounds to help accelerate their work.

Background

Founded by His Royal Highness The Prince of Wales, the prize started in 2020 with the core goal of using human ingenuity, innovation, and optimism to repair the planet. India has produced more finalists and winners than any other country since the launch, with a total of nine finalists and four winners so far. Two of this year's fifteen finalists are based in India, highlighting the country's growing influence in clean growth and climate innovation.

Context

Major global environmental awards and climate summits frequently choose major urban centres like Mumbai to showcase green technology because cities are both major drivers of energy consumption and key hubs for new business investment. Grant funding of this scale is designed to help early-stage green startups move past financial hurdles and test their ideas on a mass market level.