The Milken Institute and the Motsepe Foundation have launched the Milken-Motsepe Prize in Green Energy, a $2 million prize competition to reward entrepreneurs and innovators working to address access to green and renewable energy in Africa.
Teams from anywhere in the world can register now and submit designs and business models. An independent panel of expert judges will select semi-finalist teams to receive $20,000 each to develop small-scale prototypes. In the final round, teams will demonstrate their entries in field tests, which will evaluate their ability to:
- Dramatically expand access to green, affordable, renewable energy
- Reduce the exposure of vulnerable communities in Africa to the impacts of climate change
- Stall and reverse greenhouse gas emissions.
The winning individual or team will be awarded $1 million, with an additional $1 million…