Through the power of innovation and technology, the KIC is helping to breathe new life into agriculture, transforming it into an engine of growth and job creation. With one of Africa’s fastest growing economies and a large population of young people, Ghana is well positioned to create a thriving entrepreneurial culture.
The AgriTech Challenge is an annual competition that identifies young people who are interested in becoming entrepreneurs and provides them with business and leadership training, mentorship, and a network of support. We encourage them through coaching and market research tours across Ghana to take a fresh look at the agriculture value chain to identify new areas of business opportunity. The goal is to show them what’s possible – personally and professionally – if they’re willing to put in the effort.
Business training and mentorship is delivered at key stages in the program and as part of a life-cycle of development and support. Individual competitors join together to establish teams which then participate in a series of pitch and elimination events, during which they present their ideas to a panel of judges. Seed funding is offered to the final high-potential teams who go on to enter a dedicated incubator program. The AgriTech Challenge has identified, nurtured, and funded some of the most promising youth-driven agritech startups in Ghana today.
In 2017, the Business Booster program was launched to accelerate the growth of small and medium enterprises (SMEs) in the agriculture sector. After a rigorous screening process, agribusinesses are selected for two week-long ‘Boot Camps’ which offer mentorship and coaching to help participants refine their business plans, mitigate financial and operational constraints, rapidly prototype new products and services, and prepare to meet potential investors.
The Business Booster program facilitates links with local and international investors, fostering relationships between businesses, like-minded entrepreneurs, and across industries.
When our young entrepreneurs take the next step and form promising businesses, the KIC is there to help them refine their ideas, establish their companies, and overcome barriers to growth. This multi-year process involves more focused business training, specialized coaching, and potential access to seed funding from KIC or other entities willing to invest start-up or growth capital.
In 2019, the KIC is launching its own new incubator in Accra featuring modern facilities designed to help fledgling businesses succeed. Our new incubator will focus on mentoring and nurturing promising start-up companies through training and investment.