Congratulations to the Winner of the Milken-Motsepe Prize in FinTech!
The Milken-Motsepe Prize in AI and Manufacturing is now open for registration!
green energy hero

University of Cape Town: UCT graduates take home over R4.5m in Motsepe-backed prize

Omnivat, a renewable energy startup founded by five University of Cape Town (UCT) graduates, are the runners-up of a prestigious energy innovation competition backed by billionaire Patrice Motsepe.

With a cash prize of $250 000 (R4.6 million), they set out to explore partnerships with healthcare facilities in the Eastern Cape as pilot sites for their project – essentially a power system consisting of solar panels, batteries, and hydrogen, pre-packaged in a shipping container. The innovative design creates a shaded marketplace that provides reliable power to users, even when the sun isn’t shining, News24 previously reported.

 

Read the full article here.

More News

News clips

$2 Million Milken-Motsepe Prize Launched to Spur AI-Driven Manufacturing in Africa

A new $2 million equity-free prize program, backed by South African billionaire Dr. Patrice Motsepe and the Milken Institute, is placing artificial intelligence and manufacturing at the heart of Africa’s technology ambitions. Unveiled at the 2025 Milken Institute Global Conference in Los Angeles, the Milken-Motsepe Prize in AI and Manufacturing marks the fourth—and most ambitious—edition in a growing series of innovation challenges designed to tackle Africa’s structural issues through technology. This round turns a sharp focus to artificial intelligence and smart manufacturing—two sectors where African participation has remained limited despite strong global momentum. Read the full article here.

Read More »
News clips

Launch Base Africa: Billionaire-Funded Program Offers $2m Equity-Free to African AI & Manufacturing Startups

A new $2m equity-free prize programme, backed by South African billionaire Dr. Patrice Motsepe and the Milken Institute, is putting AI and manufacturing at the centre of Africa’s tech ambitions. Announced at the 2025 Milken Institute Global Conference in Los Angeles, the Milken-Motsepe Prize in AI and Manufacturing is the fourth and most ambitious iteration of a growing innovation challenge series focused on solving Africa’s structural challenges through technology. This time, the focus is squarely on artificial intelligence and smart manufacturing — areas that have so far seen only limited African participation despite their global momentum. Read the full article here.

Read More »