Global spending on goods and services is projected to exceed $5 trillion in 2025, with manufacturing among the fastest-growing sectors. The industry creates up to 20 jobs per role, supports large labor pools, and draws long-term investment.

As digital technologies reshape global markets, manufacturing is evolving through the Fourth Industrial Revolution, driven by AI, robotics, nanotech, and 3D printing. Strategic investment in these innovations is essential to unlocking growth and building economic resilience.

To support this transformation, the Milken-Motsepe Innovation Prize Program is offering $2 million to innovators improving African manufacturing value chains through AI. The top prize is $1 million for scalable solutions that boost efficiency and reduce waste.

Ten semi-finalists will each receive $50,000. Five finalists will get $30,000, with additional awards of $250,000 for the runner-up and $100,000 for best use of 4IR technologies.

Eligible applicants include individuals, teams, or established companies operating in Africa’s manufacturing sector for at least two years, with Series A+ funding and a focus on underserved communities and workforce growth.

Apply Now: Deadline is July 31, 2025