The Milken Institute and the Motsepe Foundation have partnered to launch A US$2 mil fund that is aimed at supporting agritech startups. This initiative is part of a grand plan for other technology prizes in areas like energy, health and education.
However, the first port of call for the Milken-Motsepe Prize is agriculture and they are looking for entrepreneurs who have solutions that will increase the economic value for farmers as they move from planting to market.
As I am sure you would have already guessed, another angle to this competition is fulfilling the United Nation’s Sustainable Development Goals 1 and 2. Which are an end to povery and hunger.
The contest will have 2 rounds which are:
- A design round, where teams submit their business models which will be judged by a panel of experts. From there 25 teams will be selected and will receive US$10 000 each.
- The final round is where the chosen startups will develop and test their prototypes on small to medium farms in Africa.
The winning team will receive US$1 million as the grand prize with the runners up scooping various cash prizes.
Applications are now open for the Milken-Motsepe Agritech prize and you can find the application form with the link here.
One response
Lol guys you recommend things that you didnt fully read..Zimbos cant participate in this because of sanctions