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Published: 02 Dec 2022 512 views
The Milken-Motsepe Prize in Green Energy is incentivizing entrepreneurs who have ideas for solutions to advance progress toward UN Sustainable Development Goal (SDG) 7: Ensuring access to affordable, reliable, sustainable and modern energy for all.
The aim of the Milken-Motsepe Prize in Green Energy is to reward innovators who expand access to reliable, affordable, and sustainable electricity in Africa. Energy access is a key driver for long-term economic growth and shared prosperity. The prize offers $2 million in prizes and additional benefits, including a $1 million grand prize for the winning team and $1 million in additional prize money. Participating teams will also receive access to networking, training, and other resources.
The Milken-Motsepe Prize in Green Energy is incentivizing entrepreneurs who have ideas for solutions to advance progress toward UN Sustainable Development Goal (SDG) 7: Ensuring access to affordable, reliable, sustainable and modern energy for all.
| Application Deadline | Not Specified |
| Country to study | South Africa |
| Type | Contest |
| Sponsor | The Milken-Motsepe Prize |
| Gender | Men and Women |
The aim of the Milken-Motsepe Prize in Green Energy is to reward innovators who expand access to reliable, affordable, and sustainable electricity in Africa. Energy access is a key driver for long-term economic growth and shared prosperity. The prize offers $2 million in prizes and additional benefits, including a $1 million grand prize for the winning team and $1 million in additional prize money. Participating teams will also receive access to networking, training, and other resources.
Registration for the Green Energy Prize is free and open to anyone, anywhere.
Teams that will demonstrate the ability to deploy distributed green energy solutions at scale in Africa, with the goal of dramatically expanding access to reliable electricity. Teams should make use of new technologies or should adapt existing technologies in innovative ways to generate at least 60 kWh of off-grid electricity daily (24 hours) using green energy sources.
Competition Rounds
Teams submit their designs and business models. An independent panel of expert judges will select 20 teams to advance in the competition to be semi-finalists. Each semi-finalist team will then receive $20,000 to test their ideas.
Teams perform a real-world demonstration of their innovation and collect data on its performance. A panel of judges will select 5 teams to receive $70,000 each in additional funding and advance in the competition to become finalists.
Teams will submit final submissions and judges will assess and choose a grand prize winner. The winning team will receive $1,000,000 and a runner-up will receive a $250,000 prize.
Winning teams will demonstrate the ability to deploy distributed green energy solutions at scale in Africa, with the goal of dramatically expanding access to reliable electricity. Teams should make use of new technologies or should adapt existing technologies in innovative ways to generate at least 60 kWh of off-grid electricity daily (24 hours) using green energy sources.
REGISTER ON THE LINK ABOVE
For more details visit: The Milken-Motsepe Prize website