Ghana: KIC, Mastercard Foundation encourage start-ups to harness technology for agribusiness

By InstinctBusiness Dec 22, 2023 0

Start-ups have been encouraged to leverage emerging technologies as a means to create sustainable livelihoods.

Joe Mensah, the Board Chairman of Kosmos Innovation Centre, underscored the transformative impact of agribusiness in shaping the economic trajectory of the country.

“Innovation in agriculture is a necessity. With a growing global population, changing climate patterns, and evolving consumer demands, our ability to adapt and innovate within the agricultural sector is paramount. The AgriTech Challenge Classic stands as a testament to our collective commitment to addressing these challenges head-on,” he said.

Joe Mensah noted that: “In the heart of the AgriTech Challenge Classic, we witness a convergence of talent, creativity, and a shared vision for a sustainable future. Agriculture is not merely an industry; it is a vital sector that connects us all. It is the very fabric of our societies, providing sustenance, livelihoods, and a foundation for growth.”

Benjamin Gyan Kese, the Executive Director of Kosmos Innovation Centre, reiterated his organization’s unwavering commitment to supporting and inspiring young entrepreneurs and students who are making significant strides in the agricultural sector.

“This year, The AgriTech Challenge Classic is in its second year when it comes to supporting students and young graduates to develop innovative AgriTech solutions for the sector. This program seeks to unearth the entrepreneurial potential of young people and set them on a journey towards social transformation,” he said.

Mr. Gyan Kese also highlighted the seed capital the winners will receive: “At the end of this competition, twenty teams will be selected to move onto the AgriTech Challenge Pro, which is a scale-up program, business coaching, and investor readiness program. Each team will receive USD2,000 and will join 20 other teams that have been newly accepted into the AgriTech Challenge Pro.”

The KIC AgriTech Challenge Classic program offers a stage for young entrepreneurs to present their innovative ideas and businesses, vying for funding support. Simultaneously, participants receive valuable skills to develop their business models and strategies.

source: citinewsroom.com