Apply for the Milken-Motsepe Innovation Prize Program, a series of innovation competitions and awards that target some of the world’s most pressing challenges, such as access to food, energy, housing, education, and financial services.
The Milken-Motsepe Prize in FinTech is designed to expand access to capital and financial services for small businesses in emerging and frontier markets. This innovation award offers $2 million in total prizes, including a $1 million grand prize. Participating companies will also gain access to networking and pitching opportunities.
Award Purpose
- The purpose of the Milken-Motsepe Prize in FinTech is to award companies that demonstrate the use of cutting-edge technologies to expand access to capital and financial services for small businesses in emerging and frontier markets.
Prize Amounts
- The $1 million USD Grand Prize winner will be announced at the Milken Institute’s flagship Global Conference in Los Angeles, California, in May 2025.
- Finalist Prizes (10 Finalists)
- $100,000 USD each
- Opportunity to network and pitch at an Innovation Showcase
- One invitation to the Milken Institute’s flagship Global Conference
- Grand Prize (One Winner)
- $1,000,000 USD
Eligibility and Exceptions
- Registration is free and open to everyone from around the world, with certain exceptions defined below. The Milken-Motsepe Prize in FinTech encourages established companies with a proven track record of reaching underserved communities to apply. Participants can be a single individual or a team of individuals.
- The following individuals or companies are not eligible to participate:
- Any individual or entity organized or with primary residence in a country embargoed by the USA;
- Any individual or entity listed on OFAC’s Specially Designated Nationals and Blocked Persons List, or other sanctions lists administered by any agency or department of the United States government;
- Any current or recent employee or immediate family member of an employee of the Milken Institute or the Motsepe Foundation.
For more information, visit Milken-Motsepe Prize
