The ClimateTech & Energy Prize at MIT (CEP@MIT) is the longest running and largest climatetech startup competition for university students. Over the past 12 years, 100+ CEP alumni have successfully launched companies and collectively raised over $1.1 billion in follow-on funding. CEP@MIT teams compete for a $100,000 Grand Prize\* and other monetary prizes. The CEP@MIT is structured to identify promising companies and mentor student entrepreneurs. University teams from across the world enter their business ideas and compete in 3 rounds. After initial applications, CEP@MIT judges select the most promising business plans to advance as Semi-Finalists. They then receive mentoring and access to other resources through CEP@MIT sponsors and partners. During this time, the selected teams develop and refine their business plans before presenting them to a panel of expert judges at the CEP@MIT Semi-Finals and Finals.