The Milken-Motsepe Prize 2023 in Green Energy

The Milken-Motsepe Prize 2023 in Green Energy

Deadline:  March 1, 2023

The Milken-Motsepe Prize 2023 in Inexperienced Power

The Milken-Motsepe Prize in Inexperienced Power is incentivizing entrepreneurs who’ve concepts for options to advance progress towards UN Sustainable Improvement Objective (SDG) 7: Making certain entry to reasonably priced, dependable, sustainable and fashionable vitality for all.

The goal of the Milken-Motsepe Prize in Inexperienced Power is to reward innovators who develop entry to dependable, reasonably priced, and sustainable electrical energy in Africa. Power entry is a key driver for long-term financial development and shared prosperity. The prize presents $2 million in prizes and extra advantages, together with a $1 million grand prize for the profitable crew and $1 million in extra prize cash. Taking part groups will even obtain entry to networking, coaching, and different sources.

The Problem

Profitable groups will display the flexibility to deploy distributed inexperienced vitality options at scale in Africa, with the objective of dramatically increasing entry to dependable electrical energy. Groups ought to make use of latest applied sciences or ought to adapt present applied sciences in modern methods to generate at the least 60 kWh of off-grid electrical energy each day (24 hours) utilizing inexperienced vitality sources.

Prize

The profitable crew will obtain a $1 million grand prize.
Along with the possibility to win money prizes, the Milken-Motsepe Innovation Prize programme gives a wealthy set of alternatives for entrepreneurs, each in the course of the competitors and past.

Eligibility

Open to anybody, anyplace.
Members is usually a single particular person or a crew of people, together with formally included companies.
Younger folks, together with minors, are welcome and inspired to take part. Nonetheless, all collaborating people below the authorized age of majority of their main residence will need to have an grownup of authorized age signal authorized paperwork on their behalf.

Competitors Rounds

Design Spherical: Groups submit their designs and enterprise fashions. An impartial panel of skilled judges will choose 20 groups to advance within the competitors to be semi-finalists. Every semi-finalist crew will then obtain $20,000 to check their concepts.
Semi-Finalist Spherical: Groups carry out a real-world demonstration of their innovation and gather knowledge on its efficiency. A panel of judges will choose 5 groups to obtain $70,000 every in extra funding and advance within the competitors to turn into finalists.
Finalist Spherical: Groups will submit remaining submissions and judges will assess and select a grand prize winner. The profitable crew will obtain $1,000,000 and a runner-up will obtain a $250,000 prize.

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