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Thursday, June 12, 2025

KIC Awards 22 businesses $200,000 in start-up seed funding

By Naa Shormei Odonkor

Kumasi, June 11, GNA – The Kosmos Innovation Centre (KIC), in partnership with the Mastercard Foundation, has awarded a total of USD 200,000 in start-up seed funding to 22 teams of young entrepreneurs.

The awards were presented during the final pitch session of the 2025 AgriTech Challenge Pro, held over two days in Kumasi.

The event brought together 43 teams from universities across the country, each presenting existing business ventures aimed at transforming Ghana’s agricultural sector.

Their pitches included innovative AgriTech and food solutions, ranging from tech-driven tools and sustainable farming methods to initiatives focused on job creation and employment.

A panel of 10 experts evaluated the presentations, ultimately selecting 22 teams to receive funding and progress to the KIC Business Incubation Program.

The awarded teams received seed capital ranging from USD 5,000 to USD 25,000.

In addition to the funding, the winning teams will gain access to KIC’s incubation program, which offers mentorship opportunities and connects them with an extensive network of partners.

Mr. Benjamin Gyan-Kesse, Executive Director of KIC, commended all participants for their commitment to innovation and their contributions towards reshaping Ghana’s agricultural landscape.

“This year’s AgriTech Challenge Pro has once again showcased the brilliance and resilience of Ghana’s youth. The innovative solutions presented today reaffirm the transformative power of agriculture and technology in driving economic growth and sustainability,” he said

He urged teams that did not receive awards to persevere and continue improving their business models, noting that resilience is key to long-term success.

GNA

Edited by Yussif Ibrahim and Edward Nana Asare

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