Kosmos Energy yesterday awarded two young entrepreneurs 100,000 dollars as seed funding and technical assistance from the Kosmos Innovation Centre (KIC), to help them convert their ideas into viable businesses.
The two entities that received the award at the KIC –Agritech Challenge Award were Trotro Tractor Limited and Ghalani.
The Trotro Tractor Ltd. specialises in developing platform that uses mobile phones and GPS Unit to connect farmers to tractor operators, while Ghalani creates farm management software that helps farmers to improve productivity and reduce risks.
The two would also receive mentorship from Melterwater Entrepreneurial School of Technology (MEST), to help them develop their ideas into viable ventures.
They were selected from more than 100 young entrepreneurs from all over Ghana who participated in the competition, which began in April.
In a highly competitive selection process that followed, the young entrepreneurs pitched their preliminary ideas to a panel of judges drawn from the Ministry of Food and Agriculture, academia and private sector enterprises, resulting in the two being selected for the award.
The vice president of Kosmos Energy and Country Manager, Joe Mensah said the programme encouraged young entrepreneur to look at agriculture differently.
He urged other corporate bodies to join in investing in young promising people and the businesses they were creating to improve agriculture in Ghana.
Mr. Mensah said Kosmos Energy launched the award scheme to reflect on the values of its corporate social responsibility and to demonstrate its commitment to the development of Ghana.
The Managing Director of MEST, Katie Sarro, said “we are thrilled to be working with Kosmos Innovation Centre and Agritech Incubators … this mutual beneficial partnership whereby each party brings their respective strength to the table.”
The Director of Kosmos Energy Corporate Affairs and KIC, George Sarpong, said participants went through capacity building training, market research, mentorship, guidance to business formation and series of pitches to build their future agribusiness investment.
By Times Reporter