Team Farm Klass exhibit how their prototype works
KOSMOS ENERGY has announced the names of 16 business teams that have successfully advanced to the second stage of the Kosmos Innovation Centre (KIC) 2019 AgriTech Challenge at the auditorium of the University of Ghana – Biological Sciences.
The 16 businesses were selected from an initial 21 business teams who had participated in the first-round of pitches in May 2019.
Following the first-pitch round, the shortlisted 16 businesses were given a six-week period to embark on further market research.
The 16 successful businesses taking part in the second-round pitch include Farmklass, Athena, FishConnect, Cocoa Aboye, AiScarecrow, UGreen Technologies, Agroplast, Calidad, TheremoStore, Coologi, ClimaTek, Coconut Connect, Eat Fresh, UFeed, Sylkroad and Abapa Express.
Out of the 16, only the most innovative teams will move on to the third and final pitch events in September this year. Each team will be expected to present their final business plans, focusing on business scalability, marketing and customer acquisition.
In advance of this, they will continue to receive coaching and business-related training aimed at making their businesses attractive to future investors.
Joe Mensah, Vice-President and Country Manager, Kosmos Energy, said: “We are seeing a new trend emergence amongst the businesses in this year’s competition. For the first time, a number of the businesses are combining mechanical and technological solutions to help improve farming practices and mitigate post-harvest losses.”