Kosmos Energy has announced the three agric-focused enterprises as winners of the Kosmos Innovation Center (KIC) AgriTech Challenge.
After nine months of the competition, six business teams emerged with viable concepts worth supporting for development.
Kosmos Energy will provide US$50,000 in seed funding to two of these businesses, as well as sponsor them through a twelve-month incubation period at the Meltwater School of Technology (MEST) where they will learn how to turn their ideas into profitable businesses. The KIC selected teams are:
AgroInnova, with its product ‘AKOKOTAKRA’, is an enterprise mobile and web-based management system that enables poultry farmers to record, monitor, and track their operations in real time. With this innovative and comprehensive tool, poultry farm managers will have their farms at their fingertips for more effective and efficient operations. Their product will help poultry farmers in Ghana monitor and grow their businesses.
QualiTrace has developed a product to authenticate, track, and trace crop protection products used by farmers to increase their yields. Using a mobile validation system, the product aims to ensure that farmers and consumers in Ghana can identify genuine farm inputs and quality food produce. This tool will also help to thwart counterfeiting agricultural inputs in Ghana, a problem that accounts for the loss of about $1.5 trillion globally on annual basis.
In addition to the winners of the AgriTech Challenge, four other promising business teams who competed will be funded or supported by KIC partners: