Kosmos Energy to invest GHC400,000 in two Agric start-ups

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August 17, 2016 11:21 AM

Corporate Affairs Director of Kosmos Energy, George Sarpong says the five short-listed startups would present their ideas to a panel on Friday, who would select the best startups to invest in.

___5388821___https:______static.pulse.com.gh___webservice___escenic___binary___5388821___2016___8___17___13___George-Sarpong

Kosmos Energy, one of Ghana’s partners in the Jubilee Fields has invested a total amount of $100,000 in the Kosmos Innovation Centre for startups in the Agribusiness sector.

The aim of the project is to entice the youth to come up with home-grown solutions to some of Ghana’s biggest problems, especially in the agric sector, with the best startup receiving capital funding from the oil and gas giant.

“Kosmos Innovation Centre is multi-sectorial, but for now, we are concentrating on agribusiness. People are being drawn away from Agriculture. What can we do to excite the youth to go back to agribusiness. That is why we are focusing on agribusiness for now and leveraging on existing opportunities to incite the youth to come up with home-grown solutions to Ghana’s Agribusiness challenges.”

Mr. Sarpong, gave an update on the contest so far.

“The contest is still underway, and the final 5 startups will be doing their final presentations on the 23 of August, out of which two will be picked for to the incubator at the Meltwater Entrepreneurial School of Technology, and Cosmos is going to make approximately about $50,000 investment in each of the businesses.”

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