New post Need visibility? Apply for a FREE post for your Startup.  Apply Here


Call for application: Milken-Motsepe Innovation Prize for AgriTech Startups

2 Mins read

In the bid to push AgriTech start-ups to a new level of development, Milken Institute and Motsepe Foundation have launched the Milken-Motsepe Innovation Prize program.

The Milken-Motsepe Prize is a US$2 million global competition for startups with innovative solutions targeted at increasing economic value to farmers, from seed to sale.

The program, which is focused on innovators on the African continent, is a world-class initiative that targets innovators and entrepreneurs that are developing technological solutions to accelerate the progress towards implementing the United Nations’ Sustainable Development Goals (SDGs).

Dr Patrice Motsepe, Founder, Motsepe Foundation

This program will include technology prize competitions in the areas of agriculture, energy, education, and health.

Dr Patrice Motsepe, Founder and Chairman of the Motsepe Foundation, informed the public that:

Fourth Industrial Revolution (4IR) technologies have the power to solve complicated socio-economic, and human problems. In the hands of entrepreneurs, these technologies can turn Africa into a global economic powerhouse and transform the world.”

Milken Institute Chairman, Mike Milken, also noted that:

The Motsepe Foundation’s leadership has been highly effective in Africa and inspiring to people around the world. I’m delighted that we will again join forces to encourage long-term technological innovation and enhance the human capital of farmers so they can play a greater role in sustaining a more dynamic regional economy.”

Registration for the program has been declared open for the first of these free-to-enter prizes. Teams have until December 8, 2021, to register and submit designs and business models.

Read also: The Africa Women Innovation and Entrepreneurship Forum Calls for Application into its Accelerator Program

An independent panel of expert judges will work towards selecting up to 25 teams to each receive $10,000. The funds would be targeted at developing small-scale prototypes over the ensuing six months.

In the final round, teams will demonstrate their entries in field tests which will be evaluated by their ability to:

  1. Increase net economic value to the farmer.
  2. Increase productivity at harvest and/or decrease post-harvest loss.
  3. Reduce costs for farmers.
  4. Provide a viable and sustainable business model.
  5. Be implemented by small and medium-sized farms.
  6. Develop or integrate innovative technologies.

At the end of the program, the judges will award a US$1 million Grand prize. Additional prize money will be distributed among 2nd and 3rd place winners, as well as a prize for the most creative use of Fourth Industrial Revolution (4IR) technologies; and a People’s Choice Prize.

In addition to the prize money, teams will benefit from access to networking, training, and other resources.

To register and for more information, click here.

Registration is free.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

840 posts

About author
When I'm not reading about tech, I'm writing about it, or thinking about the next weird food combinations to try. I do all these with my headphones plugged in, and a sticky note on my computer with the words: "The galaxy needs saving, Star Lord."
Related posts

Microsoft outage leaves businesses scrambling as Windows devices crash worldwide

1 Mins read
A widespread IT outage has thrown businesses and services across the globe into disarray, with thousands of Windows devices experiencing critical failures….

D.light secures $176m to boost solar energy access in East Africa

1 Mins read
d.light, a global provider of affordable solar solutions, has announced a new $176 million securitization facility. This funding, backed by social impact-focused…

Court Orders Arrest of Prison Doctor in Binance Executive Case

1 Mins read
A Federal High Court in Abuja has issued a bench warrant for the arrest of Dr. Abraham Ehizojie, the medical officer at…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here -

Leave a Reply