Milken-Motsepe Prize Names Ten Startup Semifinalists
The program selected ten startups from across Africa and Australia to compete for non-dilutive capital prizes.
Updated on Oct. 15, 2026 in Startups
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The Milken-Motsepe Innovation Prize Program has named 10 semifinalist companies to compete for a $1 million grand prize. These startups were chosen for their focus on resource efficiency and market competitiveness.
Why it matters
The prize aims to support entrepreneurs who are turning resource efficiency into job creation and economic growth. It focuses on startups that demonstrate commercial viability while addressing environmental impacts.
The program distributes $2 million in total non-dilutive capital, including a $1 million grand prize and a $250,000 runner-up award. Semifinalists are required to show over two years of operation and $500,000 in cumulative revenue.
The players
Milken-Motsepe Innovation Prize Program
This is an initiative that provides capital and mentorship to entrepreneurs focused on solving global challenges through innovation.
The details
Judges will evaluate the remaining teams based on metrics including market scalability and workforce impact. To qualify, participating companies needed to be in operation for more than two years and possess a significant track record of raised capital.
Timeline
The Milken-Motsepe Innovation Prize Program began in 2023.
The 10 semifinalist companies were announced on October 15, 2026.
The Grand Prize and Runner-Up prize will be awarded in 2027.
Market Landscape
This program reflects the broader move toward supporting startups that operate within the $4.5 trillion estimated circular economy opportunity. By focusing on resource efficiency, the initiative positions these companies to better compete in international markets.
The program identifies high-potential ventures, providing a signal to investors and partners about which startups are scaling effectively. Customers may see increased availability of innovative, resource-efficient products as these companies expand.
The takeaway
The competition highlights how resource efficiency is becoming a core driver of startup success in emerging markets. Investors should monitor these semifinalists as they progress toward the final selection in 2027.
Further reading
For more on the latest developments in the sector, visit our Startups section.
More information
Review the full list of candidates and program rules on the Milken-Motsepe Innovation Prize Program information page.
Source note: This article includes information reported by AFP.
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Do you believe circular-economy business models are the most effective way to drive regional economic growth?
