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Milken-Motsepe Innovation Prize Program

The Central Bank of Kenya (CBK) writes to inform you of an opportunity to participate in a technology prize programme by the Milken Institute and Mostepe Foundation.

The Milken Institute and Motsepe Foundation on April 28, 2021 launched a technology prize programme to propel innovation and entrepreneurship in Africa. The Milken-Motsepe Innovation Prize programme is a series of multi-year, multimillion-dollar prize competitions for technological solutions that accelerate progress towards the UN Sustainable Development Goals (SDGs), with a spotlight on Africa.

The inaugural Milken-Motsepe Prize in AgriTech focuses on accelerating progress towards SDGs 1 and 2 on No poverty and Zero Hunger. 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 USD1 million grand prize available for the winning team, and USD1 million in additional prizes.

Teams have up to December 8, 2021 to register and submit designs and business models. An independent panel of expert judges will select up to 25 teams to each receive USD10,000 to develop 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:

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

As a previous participant in the CBK hackathons in 2019 and/or 2020, the opportunity might interest you. For more information and to apply for the programme, visit the website: https://milkenmotsepeprize.org/.

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