More
    HomeEcosystem NewsWESTERN AFRICAKosmos Innovation Center: The Incubator Aggressively Backing Agritech Startups in Ghana

    Kosmos Innovation Center: The Incubator Aggressively Backing Agritech Startups in Ghana

    Published on

    spot_img

    The Kosmos Innovation Center (KIC), a Ghanaian incubator with a strong focus on agritech ventures, has aggressively invested in the future of the country’s agricultural sector by awarding nearly $500,000 in grants to 23 startups through its AgriTech Pro competition program. Individual investments ranged from $10,000 to $35,000, showcasing a commitment to fostering a diverse range of innovative solutions.

    Winners Propelling Agritech Advancement

    The competition identified winners across various agritech sub-sectors, highlighting the breadth of the KIC’s support:

    • High-Value Processing: McHan Organics (cocoa pod waste into cosmetics), Green Husk Innovations (premium paper from waste), Deecom NutriFoods (plant-based protein), Feep Fibertech (pregnancy support products from waste), Rijona Biochemical (eco-friendly skincare).
    • Waste Reduction and Sustainability: Tekcycle (cleaning detergents from pineapple waste), Greenheart SE (carbon removal from waste), GanaFert (organic fertilizers from waste), PaCo Paper (packaging solutions from waste), Hullsnovation (plywood from waste).
    • Farm Efficiency and Productivity: YARP Food (climate-smart cassava flour processing), Sunify Solardry Technology (affordable drying solutions), 3Farmate Robotics (robotics and AI for farms), Harvest Ease Innovators (maize harvesting and dehusking machines), Sunray Innovation (farm mechanization).
    • Food Security and Improved Nutrition: Freshline (mobile solar-powered solutions for food preservation), Bunny Bites (rabbit meat production), Delimush (canned mushroom products), Rabbitton (cuniculture value chain management).
    • Other Agribusiness Solutions: Aretha Forson Enterprise (plant-based haircare), Cas-Tech Innovation (biodegradable adhesive from cassava), Healthy Farmer (healthcare for rural farmers).

    The KIC: Fostering Innovation and Entrepreneurship

    The KIC, a social investment initiative by Kosmos Energy, actively supports aspiring entrepreneurs in Ghana, Mauritania, Senegal, and Cote d’Ivoire. Their comprehensive approach focuses on three key pillars:

    • Inspiring young minds to identify opportunities and become agents of change in the agricultural sector.
    • Investing in promising ventures through mentorship, seed funding, and connections within the agribusiness industry.
    • Transforming agriculture through commercially viable solutions that address critical challenges and promote sustainability.

    Established in 2016, the Kosmos Innovation Center Ghana has specifically targeted the agricultural sector — the country’s largest employer. Their programs have empowered over 400 aspiring entrepreneurs, leading to the creation of more than a dozen successful startups that have secured further funding and investments.

    Kosmos Energy, the parent company, is a deepwater exploration and production company focusing on meeting global energy demands.

    This significant investment by the KIC demonstrates a strong commitment to fostering innovation and propelling Ghana’s agricultural sector towards a more sustainable, productive, and future-proofed state.

    Latest articles

    Egypt’s Banque Misr Invests $114 Million in Newly Licensed Digital Bank OneBank

    The Central Bank of Egypt granted initial approval for OneBank in May, marking the completion of the first phase of the rigorous licensing process, which includes three stages.

    Octoco Group Acquires Polymorph, Expanding Tech Footprint in South Africa

    With this acquisition, Polymorph Systems joins Octoco Consulting as a sister company within the Octoco Group, both headquartered in Techno Park, Stellenbosch.

    Prembly and Peleza Merge to Form Pan-African Identity Management Powerhouse

    Kenyan identity management startup, Peleza, and US-backed digital security platform, Prembly, have announced a...

    GO LIVE FUND Secures $4.8 Million Backing from ANAVA, Targets Tunisian ‘Pain Killer’ Startups

    The GO LIVE FUND, an €8 million ($8.6M) fund with a first closing at €6 million ($6.6M), aims to support 36 B2B startups in their initial development phase.

    More like this

    Egypt’s Banque Misr Invests $114 Million in Newly Licensed Digital Bank OneBank

    The Central Bank of Egypt granted initial approval for OneBank in May, marking the completion of the first phase of the rigorous licensing process, which includes three stages.

    Octoco Group Acquires Polymorph, Expanding Tech Footprint in South Africa

    With this acquisition, Polymorph Systems joins Octoco Consulting as a sister company within the Octoco Group, both headquartered in Techno Park, Stellenbosch.

    Prembly and Peleza Merge to Form Pan-African Identity Management Powerhouse

    Kenyan identity management startup, Peleza, and US-backed digital security platform, Prembly, have announced a...