Milken-Motsepe Innovation Prize Program 2021 for AgriTech Startups
Registration is Open for this $2 Million AgriTech Prize. The Milken-Motsepe Prize in AgriTech is a $2 million (USD) global competition for innovative solutions to increase economic value to farmers, from seed to sale.
Application Deadline: 8th December 2021
About the Award: The inaugural Prize challenges innovators from around the world to significantly increase value to small and medium-sized farms in Africa through new technologies and agribusiness innovation.
The Milken-Motsepe Innovation Prize program 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.
- Scalable, tech-based solutions: The prize program mobilizes significant financial and human capital through its inclusive and integrated approach to access and mobility for innovators and startups.
- A global community of entrepreneurs: The inclusive eteg7erkfxehos of the prize program provides an equal opportunity for success—irrespective of age, status, education, location, or past achievements.
- Global data-driven insights: There will be significant new data captured and ideas generated from the range of innovations and field tests. Prizes are useful tools to accelerate data capture for evidence-based research.
Selection: Teams have until 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 $10,000 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
Eligible Countries: Any
To be Taken at (Country): South Africa
Number of Awards: 3
Value of Award:
- The judges will award a $1 million Grand Prize to the winner
- Additional prize money will be distributed among Second and Third Place winners, a prize for the most creative use of Fourth Industrial Revolution technologies and a People’s Choice Prize.
- Registration is free
- In addition to the prize money, teams will benefit from access to networking, training, and other resources. To register for the prize, or to learn more, visit www.milkenmotsepeprize.org.
How to Apply: REGISTER
- It is important to go through all application requirements in the Award Webpage (see Link below) before applying.