Registration is Open for this $1 Million AgriTech Prize. The Milken-Motsepe Prize in AgriTech is a $1 million (USD) global competition for innovative solutions to increase economic value to farmers, from seed to sale.
Application Deadline: March 2023
About the Award: The Milken-Motsepe Prize in Green Energy is incentivizing entrepreneurs who have ideas for solutions to advance progress toward UN Sustainable Development Goal (SDG) 7: Ensuring access to affordable, reliable, sustainable and modern energy for all.
The aim of the Milken-Motsepe Prize in Green Energy is to reward innovators who expand access to reliable, affordable, and sustainable electricity in Africa. Energy access is a key driver for long-term economic growth and shared prosperity. The prize offers $2 million in prizes and additional benefits, including a $1 million grand prize for the winning team and $1 million in additional prize money. Participating teams will also receive access to networking, training, and other resources.
Type: Contest
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:
Registration for the Green Energy Prize is free and open to anyone, anywhere.
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Teams submit their designs and business models. An independent panel of expert judges will select 20 teams to advance in the competition to be semi-finalists. Each semi-finalist team will then receive $20,000 to test their ideas.
Teams perform a real-world demonstration of their innovation and collect data on its performance. A panel of judges will select 5 teams to receive $70,000 each in additional funding and advance in the competition to become finalists.
Teams will submit final submissions and judges will assess and choose a grand prize winner. The winning team will receive $1,000,000 and a runner-up will receive a $250,000 prize.
Winning teams will demonstrate the ability to deploy distributed green energy solutions at scale in Africa, with the goal of dramatically expanding access to reliable electricity. Teams should make use of new technologies or should adapt existing technologies in innovative ways to generate at least 60 kWh of off-grid electricity daily (24 hours) using green energy sources.
Eligible Countries: Any
To be Taken at (Country): South Africa
Number of Awards: 3
Value of Award: The winning team will receive a $1 million grand prize.
How to Apply: REGISTER
Visit Award Webpage for Details
This post was last modified on December 2, 2022 8:29 am