The Financial Times and the International Finance Corporation (IFC), a member of the World Bank Group, held a major global gathering today of investors, business innovators, social entrepreneurs and other thought leaders, in which the winners of the annual FT/IFC Transformational Business Awards were announced.

Three Lab proponents were selected for the shortlist, out of a total of 189 submissions, and two were selected as winners. 2016 Global Lab proponent Oasis won an award in Transformational Finance. 2016 India Lab proponent CleanMax Solar won an award in Transformational Infrastructure. In addition, 2015 Global Lab proponent Climate Investor One was shortlisted for an award in Transformational Finance.

The FT/IFC Transformational Business Awards are a global programme highlighting innovative, long-term private sector solutions to major development challenges. The Awards underline ground-breaking and financially viable solutions that help meet the SDGs, which require some 3 to 4 trillion dollars of private sector resources.

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