Only as a side project of the Milken-Motsepe Innovation Prize program, a multi-year procedure to channel enterprising personalities and financial backers towards creating various innovative solutions with a focus on Africa, the agri-tech prize is currently accepting applications. The Milken-Motsepe Prize is a worldwide competitive program for providing solutions worth a prize of $2M. The program will include a wide range of innovation prizes for competitions in various fields like energy, schooling, and well being, and their first priority is working on agriculture. The agritech prize competition will choose 25 groups to get $10K to go towards growing limited scope models, over the accompanying half year.
During the last adjusts of the opposition, groups should show their entrances in field tests, under the watchful eye of the people in charge grant a $1M grand prize, notwithstanding prize cash disseminated among second and third places. Furthermore, a prize is on the proposal for the most imaginative utilization of Fourth Industrial Revolution innovations, and a People’s Choice Prize.
“Fourth Industrial Revolution 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,” said the founder and chairman of the Motsepe Foundation, Dr. Patrice Motsepe.