Kosmos Innovation Center (KIC) Program
Transcript of Kosmos Innovation Center (KIC) Program
Kosmos Innovation Center (KIC) Program
“Promoting Backward Integration & Linkages between
an Oil & Gas AND Other Sectors of the Economy” –
The case of Kosmos Innovation Center (KIC)
21st November 2019
The Kosmos Innovation Center invests in young
entrepreneurs and small businesses. We empower
entrepreneurs to turn their ideas into viable, self-sustaining
businesses and we work alongside promising small
businesses to help them scale and reach their full potential.
ABOUT US
Entrepreneurship is in our DNA.
Founded in 2003 by a small team of explorers, Kosmos Energy was
once a start-up too.
We know what it’s like to see an opportunity, pursue a dream, and
grow a business.
Through the KIC we nurture the next-generation of entrepreneurs
and facilitate innovation in sectors beyond oil and gas, contributing to
the creation of healthier and more diverse economies.
OUR ETHOS
HOW WE WORK
INSPIRE
...by training young people to see
opportunities that others miss, giving
them the confidence to view themselves
as business leaders
TRANSFORM
…by providing a full life-cycle of support
to the most promising entrepreneurs,
start-ups, and small businesses
INVEST
…by positioning young entrepreneurs to
tackle tough problems in key sectors and
create innovative, private sector-led solutions
With a distinctive focus on commercial solutions and local
knowledge, our customized, best-in-class business support and
leadership programs feature a mix of skills training, mentorship
and seed funding.
WHY WE ARE DIFFERENT
Plan
Presentations
KIC Ghana started in 2016. Our programs focus on empowering
young men and women to drive innovation in agriculture, the
country’s largest employer, and training them to lead sustainable,
successful businesses.
OUR FLAGSHIP INITIATIVE
• AgriTech Challenge is our flagship youth entrepreneurship program
• Business Booster accelerates the growth of SMEs in the agriculture sector
• KIC Incubator, is our dedicated start-up hub in Accra
OUR IMPACT
Entrepreneurs trained
KIC has trained over 500
entrepreneurs since its launch in
March 2016
Startups formed
The AgriTech Challenge has
launched 25 new startups, creating
jobs for over 200 people
Kosmos has spent close to
$5 million on KIC program
since 2016.
$400,000 of it as Seed Capital
funding for the startups
Capital from external investors
KIC startups have raised over $1,035,000 in seed
funding from other private and donor funders
Number of applications
2,920 applied from 2016-
2019
Kosmos Innovation Center
Incubator Hub
Hub opened Oct 2nd 2019
SOCIO-ECONOMIC IMPACT
216
Despite most businesses being in early stages of development, KIC businesses are already
providing social and economic impact throughout Ghana
High quality jobs created
(including founders) to date by
KIC Incubator and Booster
companies
Smallholder farmers
benefiting from KIC
Incubator and Booster
companies.
57% of incubated companies
source, serve, or sell to
smallholder farmers.
Over
23,000
Young leaders trained in
business skills and
entrepreneurship since the
inception of KIC
500+ Over 92,000
Livelihoods impacted
through various
interventions
2,920
Applications received
2016 -2019
Number of farmers + number of direct jobs * 4 = Livelihood
TroTro Tractor
The ‘Uber for tractors,’ TroTro
Tractor is revolutionizing
Ghanaian farmers’ access to
modern agricultural equipment
ProFish
ProFish bring advanced logistics
and cold storage techniques to
the fishing industry, ensuring
fresh and timely distribution of
products to customers
Growth Factor
Growth Factor’s unique nvoicia
platform pays small businesses
80% of the value of invoices
within 48 hours, solving cash flow
issues caused by late payments
TechSheltaTechShelta is the go-to hub for
greenhouse support services in
Ghana. They use technology and
automation to maximize the efficiency
of greenhouse farming.
SOME OF OUR SUCCESS STORIES
INTERNATIONAL RECOGNITION
Winner of
P3 IMPACT AWARDScelebrating outstanding public-
private partnerships, awarded by
the US State Department and
University of Virginia
Featured in
industry and stakeholder reports
like DISRUPT AFRICA’s
Agriinnovating for Africa Report
2018, featuring data on 82 agri-
tech start-ups across 16 African
countries
Profiled in
international media titles like
QUARTZ, with regular coverage
in key print, online and broadcast
outlets in KIC markets, about
innovation and youth
entrepreneurship
Ghana
Club 100
Ranked the 4th Best
Social Investment
Company amongst
100 selected
Companies in Ghana
2018 Ghana
Business
Award
Ghana
Energy
Award
Excellence
in
CSR of the
Year 2018
Best CSR
Company of the
Year 2018
(Upstream)
Ghana Oil
&
Gas Award
Special
Recognition
Award: Social
Investment and
Sustainability 2018
LOCAL AWARDS IN 2018