Biotech company takes home $1 million Grand Prize for the advancement of AgriTech in Africa; second and third place winners receive cash prizes of $300,000 and $150,000.
The Milken Institute and the Motsepe Foundation today announced the winners of the Milken-Motsepe Prize in AgriTech, the first of a series of multiyear, multimillion-dollar innovation competitions and programs to advance technological progress toward the UN Sustainable Development Goals (SDGs). The prizes were awarded at the Milken Institute Global Conference in Los Angeles, California. Watch The Milken-Motsepe Prize in AgriTech Award Announcement and Reception HERE:
NovFeed, a biotech company based in Tanzania, was awarded the $1 million grand prize for its proprietary technology to upcycle organic waste into nutritious, sustainable, and traceable plant-based protein ingredients and concentrated natural biofertilizer for the food system.
Michael Milken - Chairman, Milken Institute and Dr Patrice Motsepe - Co-founder, Motsepe Foundation |
The $300,000 award for second place was presented to Karpolax , a Uganda-based company, for its nanotechnology solution that helps fruits and vegetables stay fresh longer without losing nutritional value. The $150,000 award for third place was presented to IRRI-AfricaRice for its biotech innovation to help rice farmers protect their crops from flooding, one of the most damaging effects of climate change.
Bonus prizes of $100,000 each were also announced. Kuronga, based in South Africa, took the bonus prize for most creative use of Fourth Industrial Revolution technologies for its machine learning and machine vision mobile app, using AI to connect farmers with buyers and making it easier to validate quality of crops. COOL LION , a Côte d'Ivoire-based start-up that provides cooling-as-a-service solutions for different industries (agriculture, fisheries, etc.) and powered by renewable energy, took home the People’s Choice bonus prize for the most transformative idea according to the public.
Dr Precious Moloi-Motsepe - Co-founder and CEO, Motsepe Foundation |
Dr. Emily Musil Church, Ph.D. - Senior Director, Center for Strategic Philanthropy, Milken Institute |
After launching the competition in April 2021, more than 3,300 people from 105 countries across six continents registered for the Milken-Motsepe Prize in AgriTech. An independent panel of expert judges carefully selected 25 finalist teams to receive $10,000 to develop and test their innovations to improve economic value for small and medium-sized farms in Africa. Each of the teams took part in a rigorous, independent judging process (https://apo-opa.info/3AEbUrc)
Teams also received a variety of special benefits, including participation in a tuition-free, experiential learning program offered by Global Innovation Catalyst in collaboration with Stanford Online, where they received mentoring from industry experts, pitch coaching, and feedback sessions.
The Milken-Motsepe Innovation Prize Program has continued to grow, launching a second competition, the Milken-Motsepe Prize in Green Energy in November 2022. The Prize in Green Energy is a $2 million innovation competition to reward entrepreneurs and innovators who expand access to reliable, affordable, and sustainable electricity in Africa.
For more information, about the winners of the Prize in AgriTech, and the Milken-Motsepe Innovation Prize Program, visit https://MilkenMotsepePrize.org