Global spending on goods and services is projected to exceed $5 trillion in 2025, with manufacturing among the fastest-growing sectors. The industry creates up to 20 jobs per role, supports large labor pools, and draws long-term investment.
As digital technologies reshape global markets, manufacturing is evolving through the Fourth Industrial Revolution, driven by AI, robotics, nanotech, and 3D printing. Strategic investment in these innovations is essential to unlocking growth and building economic resilience.
To support this transformation, the Milken-Motsepe Innovation Prize Program is offering $2 million to innovators improving African manufacturing value chains through AI. The top prize is $1 million for scalable solutions that boost efficiency and reduce waste.
Read the full article by Sean Whitehead here.
