Congratulations to the Semifinalists of the Milken-Motsepe Prize in FinTech!
green energy hero

The Engineer: Aftrak off-grid energy project wins Milken-Motsepe Prize in Green Energy

A Loughborough University led initiative aiming to bring affordable green energy and food security to communities across Africa has won the Milken Motsepe Prize in Green Energy.

Named Aftrak, the project was among four other finalists vying for the $1m prize that was announced at an awards ceremony in Los Angeles on May 6, 2024.

Aftrak is a self-sustaining system made up of a solar microgrid, a micro electric tractor – both invented and built at the University – and Deep Bed Farming (DBF), a practise that disrupts compacted soil, inhibits soil erosion, and captures rainwater close to where crops are grown. Once established, DBF more than doubles crop yield and gives smallholders additional income that can be used to purchase electricity from the microgrid, thereby creating a self-sustaining model for decentralised energy access.

 

Read the full article here.

More News

News clips

Milken-Motsepe Prize in FinTech Announces 10 Semifinalists ($1M)

The Milken Institute and the Motsepe Foundation announced the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech, with each team receiving $100,000 in funding. Responding to a global call for applications, this prize supports innovative solutions to expand access to tools necessary for financial inclusion across emerging and frontier markets.   Read the full article here.

Read More »
News clips

ITWeb: 10 firms compete for the Milken-Motsepe fintech challenge grand prize

One of the 10 fintechs that advanced to the semi-final phase of the Milken-Motsepe Fintech Prize will receive a $1 million grand prize during the Milken Institute’s Global Conference in Los Angeles in May. The Milken Institute and the Motsepe Foundation yesterday announced the 10 teams advancing to the semi-finals, with each team receiving $100,000 in funding. According to the organisers, the Fintech Prize challenge encourages innovative ways to increase access to financial inclusion tools in emerging and frontier markets.   Read the full article here.

Read More »
News clips

Bluefield Daily Telegraph: Milken-Motsepe Prize in FinTech Announces 10 Semifinalists

WASHINGTON–(BUSINESS WIRE)–Oct 16, 2024– The Milken Institute and the Motsepe Foundation announced the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech, with each team receiving $100,000 in funding. Responding to a global call for applications, this prize supports innovative solutions to expand access to tools necessary for financial inclusion across emerging and frontier markets. The Semifinalists will participate in an Innovation Showcase at the Milken Institute’s Middle East and Africa Summit December 5-6, 2024, in Abu Dhabi, UAE. During this event, the 10 teams will pitch their innovations to a panel of expert judges and investors, and three teams will be selected to move on to the final round of the prize. The judges will evaluate the pitches based on the teams’ ability to deliver solutions that improve financial inclusion for under-resourced groups in emerging and frontier markets.   Read the full article here.

Read More »