The Milken-Motsepe Prize in AgriTech

Propelling innovation and entrepreneurship in Africa

Overview

Dec 8
Apr 1 - Apr 30
Milken InstituteFoundation / Non-profit
Visit website External link to website
Africa, Americas, Antarctica Region, Asia, Europe, Oceania
Agribusiness, Agritech
1. No Poverty, 2. Zero Hunger

The inaugural Milken-Motsepe Prize focuses on accelerating progress towards Sustainable Development Goals (SDGs) 1 and 2: no poverty and zero hunger.

A collaboration between the Milken Institute and the Motsepe Foundation, the Milken-Motsepe Prize in AgriTech is a global competition for innovative solutions to increase economic value to farmers, from seed to sale. 

Registration is free and open to anyone, with a USD 1 million grand prize available for the winning team, and USD 1 million in additional prizes.


Why Agritech?

  • 60%: Sixty percent of the African population is employed in agriculture, with more than 80% of all output produced by small-scale farms.
  • 50%:Agricultural productivity growth in Africa is about half that seen in other developing economies.
  • 40%:Up to 40% of food produced by smallholder farmers in Africa is lost between harvest and consumption.

How to Win

Registration for the AgriTech Prize is free and open to anyone, anywhere.

  • Design round: Teams submit their design and business model. An independent panel of expert judges will select up to 25 teams to receive USD 10.000 each and advance in the competition.
  • Finalist round: Teams develop their prototypes and conduct field tests on small and medium-sized farms in Africa.
  • Awards: Winning teams will increase net economic value to small and medium-sized farms by:
    • Developing innovative technology solutions for any stage of the food system, from seed to sale
    • Designing a viable business model
    • Increasing farm productivity and/or decreasing post-harvest loss.

Prize Benefits

Many entrepreneurs lack the information and tools they need to bring their invention to life. In addition to the chance to win cash prizes, the Milken-Motsepe Innovation Prize program provides a rich set of opportunities for entrepreneurs.

  1. Online Community: Simply complete the free prize registration process and you will join an online community of other entrepreneurs. The prize portal will give you access to:
    • Team matchmaking
    • Resources for entrepreneurs
    • Online training & help-desk
  2. Certificate Program: Teams will receive a 12-week experiential learning program powered by the Stanford Center for Professional Development Idea to Market curriculum. Upon completion of the program, teams will receive a Certificate of Completion:
    • Stanford center for professional development certificate of completion
    • Mentoring from industry experts
    • Pitch & feedback sessions
  3. Alumni Network: Winning teams will join the Milken-Motsepe Innovation Prize program alumni network following prize completion, with access to:
    • Investors
    • Data analysis
    • Networking opportunities

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