Call For Applications: 2026 Milken-Motsepe Prize in Circular Economy ($2 Million in Total Prizes)

Application Deadline: August 13, 2026

About the Prize

Applications are now open for the 2026 Milken-Motsepe Prize in Circular Economy. The prize calls on scalable companies using technology to enhance circular economy practices across a variety of industries in Africa. This prize offers $2 million in total prizes, including a $1 million Grand Prize. Participating companies will also gain access to exclusive networking and the opportunity to pitch to industry leaders and key decision-makers. The winning team will demonstrate a commercially viable, technology-enabled circular economy business operating in Africa with a clear path to scale. The business will reduce waste, keep materials in circulation, and deliver measurable environmental and social impact through stronger, more resource-efficient value chains.

Evaluation Criteria

Teams will be evaluated based on:

• Commercial viability – Sound business model and revenue potential
• Market scalability – Ability to grow and expand across Africa
• Workforce and social impact – Job creation and community benefits
• Circularity and environmental impact – Waste reduction and resource efficiency

Eligible Industries

Teams from a variety of businesses are encouraged to apply. Teams will be required to submit category-specific metrics from industries such as:

• Agriculture & Food Systems
• Plastics & Packaging
• Electronics
• Textiles
• Construction & The Built Environment

Eligibility Requirements

The program is seeking companies that meet the following eligibility requirements:

• Over 2 years of continuous operation
• Over $500k in revenue and raised capital
• Institutional, corporate, and/or public-sector partnerships
• Solution currently deployed on the African continent
• Clear evidence of social impact and job creation
• Demonstrated operational readiness to deploy $1M+ in funding

Award Rounds

• Application Submission & Semifinalist Announcement: Teams submit their designs and business models. From these submissions, 10 semifinalists are selected, and each semifinalist receives US$50,000.
• Pitch Event & Finalist Announcement: Semifinalists pitch to industry leaders and judges. From this group, 5 finalists are selected, and each finalist receives an additional US$50,000.
• Grand Prize Submission & Announcement: Finalists submit their final materials. The Grand Prize winner receives US$1,000,000, and the Runner-up receives US$250,000.

Prize Summary

The total prize pool is $2,000,000. Ten semifinalists each receive $50,000, and five finalists each receive an additional $50,000. The Grand Prize winner receives $1,000,000, and the Runner-up receives $250,000.

How to Apply

Application Link: Click here

For More Information: Visit the Official Milken-Motsepe Prize Page