Out of the 14 business teams that entered the Kosmos Innovation Center Agritech Challenge, eight have been selected to partake in the final round, and have three months – spanning July to September, to make improvements on their business concepts and also develop a Minimum Viable Product (MVP) in preparation for their final pitch.
Kosmos Energy, the organizers, said the move was to ensure that all the entrepreneurs would have prototypes of their products ready to be tested by customers and potential investors by then, indicating in a statement that “This element was added to the programme structure in 2017 and has proved to be very useful, giving teams the opportunity to really validate their products before the final pitch.”
This is a measure that the Innovation Center intends to continue with in future AgriTech Challenge programmes.
In addition to that requirement, all the teams are expected to have a solid marketing and scalability plan in readiness for the final pitch – drawing on lessons learned from their capability and skills training sessions.
“Together we can drive sustainable innovation in the agriculture sector and contribute to tackling Ghana’s youth unemployment challenge.” – Joe Mensah, VP and country manager Kosmos Energy, Ghana, said in an effort to encourage institutions to join hands with the company in supporting youth-led businesses to grow and develop, further stressing that “by empowering one entrepreneur at a time, we’re investing in a brighter future.”
The AgriTech Challenge is an annual competition that encourages young entrepreneurs to identify new business opportunities within the agriculture value chain. Each idea would then be assessed based on its business viability. When found to be feasible by the panel of judges, an idea (and the team behind it) proceeds to compete in the final.
These are the teams with ideas that were deemed practical, innovative, and most scalable:
- Farm Cure: resolves challenges with pest control.
- Soil Solution: resolves challenges with soil quality.
- Growth Factor: provides access to finance information.
- Tech Shelta: provides farm management services.
- Lojaanor: provides market linkages.
- Alpha (rotate): provides access to skilled labour and information.
- AgroSol: provides agro-processing and market linkages.
- Quidex: provides access to finance information.
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