In a public announcement, the Milken Institute and the Motsepe Foundation launched a multi-year Innovation Prize program targeting global innovators and entrepreneurs. The Milken-Motsepe Innovation Prize program, will develop technological solutions that accelerate the implementation of UN SDGs across the African continent. Multiple technological prize competitions will be held in the areas of energy, health, agriculture, and education.
In the public statement, Dr. Patrice Motsepe, the founder of the Motsepe Foundation said 4IR technologies can solve “complicated socio-economic and human problems.”
The registration window for the programme is currently open. Milken-Motsepe Prize in AgriTech is a $2 million global competition to increases value adds to farmers while sustaining a dynamic digital economy. Teams can submit their registrations until Dec 8th, then submit designs and business models. An independent judge panel will choose the 25 teams to receive $10,000 for developing their small-scale prototypes.
Mike Milken, Milken Institute Chairman, described the Motsepe Foundation’s leadership as “highly effective in Africa.”
Dr. Precious Moloi-Motsepe, CEO of Motsepe Foundation, pointed out the expected “diverse group of participants” from all parts of the globe.
The Milken-Motsepe Prize in AgriTech is a product of rigorous and inclusive consultations from over 50 experts cutting across different disciplines, academia, research, government, and industry.