Kosmos Innovation Center Provides Essential Training to Ninety-Five Young Entrepreneurs During 2018 AgriTech Challenge

March 26, 2018 – Ninety-five young entrepreneurs participating in the 2018 AgriTech Challenge have successfully completed a two-month program of workshops and training sessions, as well as an 11-day market research tour. These were tailored to help them identify challenges inherent in the Agribusiness value chain and find innovative technology solutions to mitigate these challenges.

This is the first phase of the capacity-building section of the program designed to prepare them for their first business pitches scheduled for May. Within this period, they can choose their partners as a first step in forming their future business teams. Approximately 24 teams, with a minimum of four members on each team, will be formed before the first pitch in May.

Several training seminars have been provided to prepare the young entrepreneurs:

• Research Methodologies and Design Thinking, conducted by Dr. Nkechi Sroda Owoo and Dr. Gordon Adomdza
• Building a Business Plan, conducted by PricewaterhouseCoopers, (PwC)
• Innovations on the Shelf, conducted by the University of Ghana, Legon, School of Applied Sciences
• ICT and Innovation, conducted by Mfarm
• Think Innovation, Think Creative, conducted by the GRATIS Foundation

The objective of these training seminars is to ensure that the young entrepreneurs understand what goes into creating sustainable businesses, categorize problems identified during their research tours, and then use their learnings to create innovative business ideas with their customers in mind.

The research tour across six regions in Ghana is an integral part of the 2018 AgriTech Challenge activities which helps the young entrepreneurs to understand the agricultural value chain and create businesses out of the solutions to the challenges identified. In the next phase (March/April) of programming, the young entrepreneurs will participate in a second market research tour, as well as attend workshops focused on pricing and finance, and marketing communications.

George Sarpong, Kosmos Energy’s director of corporate affairs, who leads the Kosmos Innovation Center said: “We want to ensure that our young entrepreneurs get off on a good start in designing their business ideas. These capacity building, mentorship, and business support programs, will enable them to design innovative solutions that address the needs of Ghana’s agricultural sector and simultaneously create viable business opportunities.”