Foundation / Corporation
Milken Institute and Motsepe Foundation
Opportunity for USA, Canada, and international individuals and teams to receive prizes and in-kind support for agricultural innovations to benefit farms in Africa. Funding is intended to increase productivity, create successful business models, and develop technologies to improve the food system process. Throughout the competition, teams are provided with ongoing free mentoring, resources, and networking opportunities.
The Milken-Motsepe Prize in AgriTech is a global competition for innovative solutions to increase economic value to farmers, from seed to sale. The inaugural Milken-Motsepe Prize focuses on accelerating progress towards Sustainable Development Goals (SDGs) 1 and 2: no poverty and zero hunger.
The Milken-Motsepe Prize in AgriTech addresses the problems faced by farmers on small to medium-sized farms in Africa. Many small and medium-sized farms in Africa face two large challenges to realizing the full economic value of the crops they plant. First, they suffer from low agricultural productivity as compared to larger firms, and second, they face significant post-harvest crop loss on their way to market. Winning teams must provide increased net economic value to the farmer by any combination of improved yield, reduced loss, and decreased costs. The prize will incentivize scalable AgriTech solutions, cultivate and support a global community of entrepreneurs, and source global data-driven insights.
Winning teams will increase net economic value to small and medium-sized farms by:
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:
GrantWatch ID#: 196003
Twenty-five prizes will be awarded at the end of the Design Round; At the end of the Finalist Round, five prizes will be awarded.
$1 million grand prize available for the winning team, and $1 million in additional prizes.
- Design Round: $250,000:
Increased Productivity - 5 awards - $10,000 each
Reduced Post-Harvest Loss - 5 awards - $10,000 each
Judge's Choice (increased productivity and/or reduced post-harvest loss) - up to 13 awards - $10,000 each
Best Youth Submission (majority of team under age 24) - 1 award - $10,000
Best Use of Technological Innovation - 1 award - $10,000
- Grand Prize: $1 million
- 2nd Place: $300,000
- 3rd Place: $150,000
- Most Creative Use of 4IR: $100,000
- People's Prize: $100,000
- This is a multi-year initiative
- There will be a mandatory online Team Summit during the summer of 2022, at the midpoint of the Finalist Round. This event will call teams together with African and global experts on agriculture, economics, and technology innovation. Investors and representatives of startup incubators will also be invited. Details of the Team Summit will be made available early in the Finalist Round.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
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