The Milken Institute and the Motsepe Foundation just announced the 10 semi-finalists for the Milken-Motsepe Prize in AI and Manufacturing, a $2 million total prize.
What’s happening
- Each of the 10 teams is receiving $50,000 in unrestricted funding.
- The goal is to fuel innovations that drive inclusive economic growth and sustainable development across Africa.
- The prize is targeting established, scalable companies with Series A+ traction, a track record of over two years, and a clear commitment to job and workforce development in the manufacturing sector.
- Big Picture: AI is projected to add nearly $3 trillion to Africa’s economy between 2024 and 2033. This prize aims to accelerate that growth.
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