KIC has announced a call for applications for the AgriTech Challenge Pro 2024 Program.
Nominations are open until November 24u 2023. The AgriTech Challenge Pro program is supported by the Mastercard Foundation, through the KIC and Mastercard Foundation partnership launched to train the next generation of young leaders and entrepreneurs in Ghana’s agricultural sector.
KIC Agritech Challenge Pro is a five-month acceleration program with the aim of supporting young entrepreneurs to launch and develop commercially viable, scalable solutions to key problems in the agricultural sector.
The program aims to drive technology and innovation as a catalyst to boost productivity, improve returns and create more jobs in Ghana’s agricultural sector. Participants are drawn from the AgriTech Challenge Classic program and a pool of existing startups ready to grow their business for investor readiness. At the end of the training, KIC and its partners award some selected companies with up to USD 50,000 seed funding.
Past winners of the competition share their valuable experience gained through capacity building and training guidance. Speaking about the impact of joining the KIC programme, Caroline Amanorits co-founder and CEO Maku Foodsa KIC-backed business, reported that KIC’s AgriTech Challenge Pro has led to the growth of her business, citing the insights from the trainings, mentoring and skills gained by participating in the program.
“We started very small. We were introduced to the KIC program and have learned a lot since joining. We were part of the winners of the AgriTech Challenge Pro 2022 competition and through the seed funding we received, we were able to invest in building the business and purchasing more equipment to process our ingredients into ready-to-cook seasonings and spices. KIC helped position our business for growth and investor readiness,” he said.
The Kosmos Innovation Center (KIC) is committed to empowering young people to find innovation and entrepreneurship opportunities within the agricultural value chain. For 2023 AgriTech Pro, KIC awarded $350000 seed funding to 11 startups.
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