Innovation Prize Programs
Advancing Africa’s Digital Economy: A Prize in FinTech to Advance Financial Inclusion
Advancing Africa’s Digital Economy: A Prize in FinTech to Advance Financial Inclusion
Milken Institute Innovation Prizes offer exciting and effective tools for partners interested in sourcing or scaling innovative solutions. From catalytic early-stage support and achievement-based recognition to large-scale global competitions, we design tailored prize models that advance our partners’ goals and maximize long-term impact. The Milken Institute approaches each unique prize as an important opportunity to landscape a given field, incentivize new ideas and innovators, create and analyze data, and prime new markets and entrepreneurs for success.
Current Competitions
Milken–Motsepe Innovation Prize Program
Competition Cycle
Through its exceptional research capacity, convening power, and global network of experts and investors, the Milken Institute is well-positioned to execute each competition cycle stage.
Innovation Prize Programs
Highlights
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Milken-Motsepe Prize in Green Energy Finalist: Milken-Motsepe Prize Finalist: Smart Agri-Centres
“The long-term impact of Smart Agri-Centers is a massive increase in incomes for farmers in rural communities. They are now able to operate their businesses for much longer hours. They're able to access energy that they couldn't access...Read Article -
Milken-Motsepe Prize in Green Energy Finalist: Milken-Motsepe Prize Finalist: Newdigit Technologies
“We're the first start-up in Nigeria that is manufacturing green hydrogen and fuel cell technology. This innovation, Just Add Water, has been tested and deployed in real communities and is a game changer for many communities in Africa.” —...Read Article -
Milken-Motsepe Prize in Green Energy Finalist: Milken-Motsepe Prize Finalist: GEG Group of Companies
“We went into this because it looks scalable and viable. There's lots of great technologies that are expensive. But we are attracted to this because the costs per kilowatt hour are quite competitive. We would not have developed a technology...Read Article -
Milken-Motsepe Prize in Green Energy Finalist: Milken-Motsepe Prize Runner-Up: OMNIVAT
“OMNIVAT was basically born out of ideas and previous work that all of these co-founders had worked on with the hopes that one day, someone somewhere will see Africans’ potential to our own problem-solving and the very real impact that we...Read Article -
Milken-Motsepe Prize in Green Energy Finalist: Milken-Motsepe Prize Grand Prize Winner: Aftrak
“Suddenly, we had a viable system, and we complete the economic circle to make our microgrid sustainable in the long term. [Before the prize], this did not exist. With the prize, we have slingshotted this into reality. We ended up with...Read Article -
Bonus-Prize Winner: Kuronga
"Advancing in a thriving world is not only a theme, but it is also a promise. And it is our mission to make good on that promise." — Tendai Chitapi, Co-Founder and CEO of Kuronga Kuronga, based in South Africa, took the bonus prize winning...Read Article -
Third-place Winner: IRRI-Africa Rice
"Our vision is to reduce hunger, poverty, malnutrition, and fight climate change. Already, we have several innovations to address these challenges, but for this competition, we chose to tackle food tolerance in rice." — Venuprasad Ramaiah...Read Article -
Second-place Winner: Karpolax
"Our test right now is to create enormous value for our customers and also create a chance for every fruit to be enjoyed." — Sandra Namboozo, CEO of Karpolax The $300,000 award for second place was presented to Karpolax, a Uganda-based...Read Article -
$1 Million Grand Prize Winner: NovFeed
"Imagine a future where we can solve food security issues and promote sustainable agriculture. That future is here—it’s NovFeed." — Otaigo Elisha, Founder and Chief Operations Officer of NovFeed The Tanzania-based company, NovFeed, was...Read Article
FAQs
Milken Institute Innovation Prizes are a portfolio of customizable tools that help partners source, scale, and accelerate innovative solutions across sectors and geographies. They range from early-stage support and achievement-based recognition to large-scale global competition.
No. The Milken-Motsepe Innovation Prize Program is one prize program within the broader Milken Institute Innovation Prizes portfolio. The Milken–Motsepe Prize is a specific partnership with the Motsepe Foundation focused on Africa.
The Milken Institute works with a range of partners spanning philanthropy, business, and government to design and execute prizes tailored to their needs. Partners interested in designing and/or executing a prize can contact [email protected].
The Milken Institute provides research, field landscaping, data analysis, expert convening, and access to a global network of experts and investors across every stage of a prize cycle.
Prize formats can range anywhere from prize advisory services and prize design to developing and executing medium- to large-scale national and global awards, contests, and competitions, each tailored to a partner's goals and the needs of a given field.
Partner with the Milken Institute
Together, we can catalyze global change by incentivizing creativity and collaboration, transforming challenges into opportunities for progress.
Email us at [email protected] to learn more.