In 2025, global spending on goods and services is expected to surpass $5 trillion, making manufacturing one of the fastest-growing sectors in the world. Manufacturing also generates up to 20 additional jobs per role, absorbs large labor pools, and attracts long-term investment.
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As digital advancements continue to reshape our world, manufacturing is entering a new era of innovation – powered by the Fourth Industrial Revolution. AI, robotics, nanotechnology, 3D printing, and other emerging technologies are transforming business as usual.
Strategic investments in manufacturing have never been more critical. Emerging technologies and AI can unlock transformative growth, fuel technological breakthroughs, and build long-term economic resilience.
$2 Million: African AI Ideas for 4th Industrial Revolution
The Milken-Motsepe Innovation Prize Program is calling on bold innovators revolutionizing manufacturing value chains in African markets.
$2 million in prizes, including a $1 million grand prize, is available for scalable innovations across manufacturing value chains that leverages AI to measurably improve efficiency and waste loss. Teams will be evaluated on commercial viability, operational economics, technological integration, and market scalability in Africa.
- 10 companies will be selected as Semi-Finalists and will receive $50,000 USD each.
- 5 Finalists will be determined at the pitch event and will receive $30,000 USD each.
- 1 company will be awarded $1 million Grand Prize
- 1 company will be awarded $250,000 Runner-Up Prize
- 1 company will be awarded $100,000 Most Advanced Use of 4IR Prize.
Participants can be a single individual , a team of individuals, or an established company with a proven track record of reaching underserved communities with 2+ years in operation in Africa’s manufacturing sector, Series A+ in funding, and advancing workforce and job growth.
Apply Now: Deadline is July 31, 2025
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Using AI to promote learning for disadvantage children
Financial support for Africa’s digital economy is critical to unlocking inclusive growth and empowering the next generation of entrepreneurs, innovators, and workers. Strategic investments in infrastructure, affordable internet, and digital literacy can bridge the connectivity gap and ensure marginalized communities are not left behind. Donor funding, impact investment, and public-private partnerships must prioritize scalable models that support local tech ecosystems, fintech solutions, and e-commerce platforms. Empowerment comes not just from access, but from agency—Africans must own, govern, and benefit from their digital future. Without sustained financial commitment, the promise of a thriving digital economy will remain out of reach for millions.
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