Kosmos Energy has announced that it has launched the third component of its Kosmos Innovation Centre programme, which is called the Kosmos Innovation Centre (KIC) Business Booster.
The Kosmos Innovation Centre Business Booster is designed to help existing small- and medium-sized enterprises (SMEs) scale up their businesses.
It is focused on selecting and working with Ghanaian agribusiness ventures, validate and refine their business models, prepare the companies for future, and access capital to build their businesses.
The five-month programme, which begins this week at the Impact Hub Accra, will be executed through two in-person bootcamps, a mentorship support programme, and introductions to potential investors and financial advisors.
To qualify for the Kosmos Innovation Centre Business Booster programme, enterprises must be Ghanaian-owned and must have been operating in the agriculture sector of Ghana for at least three years.
Over 170 applications were received, out of which 30 were shortlisted for interviews, with nine companies ultimately selected to join the new programme.
Kosmos Energy is collaborating with partners Uncharted and Impact Hub Accra to run the programme. Uncharted leads programme execution and curriculum delivery while Impact Hub Accra provides local expertise in logistics, operations, and mentor and applicant recruitment.
Commenting on the programme, Kosmos Energy vice-president and country manager Joe Mensah said: “The work we are doing at the Kosmos Innovation Centre continues to build momentum as we expand the scope of our activities. With the launch of the Kosmos Innovation Centre Business Booster, we are helping existing businesses within agriculture access additional capital and reach a new stage of growth. We are also strengthening local leadership within Ghana’s agriculture sector by investing in developing the skills of both new and experienced entrepreneurs”.
The Kosmos Innovation Center runs a parallel programme, the AgriTech Challenge, which focuses creating startups which provide ICT and innovation-based solutions to challenges in the agricultural sector.