After a rigorous competition two young entrepreneurial firms-TroTro Tractor and Ghalani out of 44 competing firms were at a ceremony graced by Deputy Minister for Petroleum, Benjamin Dagadu awarded 50,000 U.S Dollars each in seed capital and technical assistance to carry out smart solutions for the agriculture sector.
“The Mainstay of the country is agriculture, and there are people just need a little support to make a meaningful livelihood from agriculture,” Joe Mensah, Vice President and Country Director of Kosmos stated, explaining the rationale behind the agriculture innovation competition.
Mensah praised all 44 entities which participated in the competition from which the two were selected for the support.
“Here are 44 youngsters bringing forth solutions to optimize the benefits agriculture in our country and we are funding two of the entities to go into incubation,” he remarked.
The official described the initiative as something laudable that Kosmos Energy was undertaking pledging that it would be institutionalized.
“We are on to something big. This program encourages smart young entrepreneurs to look at agriculture differently, with the type of innovations fostered by KIC our young people can make it a more dynamic and attractive career path with plenty of opportunity,” Mensah added.
The 44 young entrepreneurs who were shared into 11 groups were taken through periods of mentorship since April, and they continued to refine their ideas and formulated business proposals which were pitched to a panel of expert judges in late June.
TroTro Tractor will develop a technology platform which uses mobile phones and GPS units to connect farmers to tractor operators within their vicinity to request, schedule and pre-pay for tractor services.
Ghalani on the other hand will create farm management softwares that will help agriculture aggregators who often have to manage relationships with thousands of small-holder farmers.
Emmanuel Quartey, General Manager for Meltwater Entrepreneurial School of Technology (MEST) Incubator said the gap his institution identified was that there is no interaction between the agriculture technology and the technology community. This, he stressed, needs to be bridged in order to ensure a more rapid growth of the country. Enditem.
Source: Xinhua/News Ghana