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

The Milken-Motsepe Innovation Prize program was born out of a deep faith in human ingenuity and innovation, and a belief that global challenges facing humanity today cannot be solved without including the capabilities and voices from around the world. We aim to contribute to a world in which people work across borders and specialties to harness the power of imagination and new technologies to build a better future. We are offering prizes and programming to incentivize new voices—perhaps the unexpected, the bold—to bring fresh ideas for a more resilient, more equitable, and more sustainable future.

Technology has altered virtually every element of our lives at a rapid pace. It offers new challenges and abundant opportunities. Harnessing the power of technology for good allows us to finally break through and scale solutions for the toughest global challenges. Fourth Industrial Revolution technologies—such as artificial intelligence, 3D printing, robotics, cloud computing, and the Internet of Things—can transform Africa into a global powerhouse. However, Africa still lags behind other regions on many indicators of technology, and the global community needs to be intentional and focused on closing this technological divide. Paired with the needed infrastructure and skills for innovation and technology use, the Fourth Industrial Revolution represents a massive opportunity for growth across the continent.

We have structured this program to be beneficial to all who compete. The prize is meant to incentivize action through competition but also collaboration. As soon as someone signs up, they are able to connect with people from around the world with different skills and are given access to free resources to support them on their entrepreneurial journey. Throughout the competition, we provide opportunities to connect, grow, learn, get your ideas seen, and, hopefully, funded!

We have linked our work to the UN Sustainable Development Goals (SDGs). These Global Goals were adopted by all UN Member States in 2015 as a universal call to action to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity by 2030. The SDGs are articulated through 17 urgent objectives with specific suggested actions to reach each goal. Our work therefore is to determine which pieces of the problem are actionable and solvable, to determine the specific root-cause market failures and opportunities, and then to focus global innovators on solving that specific problem.

Prizes inspire action and reward innovation and data-driven results to inspire, empower, and support new ideas. There is limitless potential ready to be unlocked. Join us as we build a better future, together.

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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.

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Engineering News: Milken-Motsepe launches $2m Africa AI, manufacturing challenge

Development think tank the Milken Institute and philanthropy organisation the Motsepe Foundation have announced the Milken-Motsepe Prize in AI and Manufacturing. The challenge calls on entrepreneurs worldwide to deploy AI, data analytics and smart-factory technologies that can localise production, reinforce supply chain resilience and create high-quality jobs across Africa.   The challenge will award $2-million in total, including a $1-million grand prize, and seeks breakthrough solutions that, in combination, can harness advanced technologies to optimise production, reduce waste and localise value chains. It is also looking for solutions that encourage models that promote equitable access to essential goods, such as healthcare, food processing, affordable construction materials, as well as solutions that unlock job creation and export potential across African economies. Read the full article here.

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