KIC holds business validation trips for 44 startups
Kosmos Innovation Center (KIC) has organised Business Validation Trips for the 44 startups currently competing in the KIC Agritech Pro Challenge.
The field visits are a critical part of the competition, designed to provide mentorship to startups while also assessing the real-world implementation of their business ideas, and their viability for funding and scale.
After progressing to the Agritech Challenge Pro stage, 52 startups received USD2, 000 in traction funding to further develop their agribusiness concepts.
After the first pitch event held, 44 were selected to progress to the next stage of the competition.
The Business Validation Trips were organised to evaluate effectively how the startups used this support, checking on their progress, operational set-up, customer engagements, partnerships, and overall business readiness.
The validation visits were carried out across various regions, with the KIC team engaging directly with the founders, customers, and community stakeholders.
“This process allows us to ensure that we are supporting startups that are not only promising on paper but are truly creating value in the real world,” Ato Ulzen-Appiah, the Entrepreneurship Development Specialist at KIC said.
He also added that “The validation trips are a unique opportunity to witness innovation, impact, and commitment at the grassroots.”
From tech-enabled farming solutions to sustainable processing methods, each team showcased what they have been able to build with the traction funding, whether it was product development, customer acquisition, building minimum viable products (MVPs), or improving service delivery.
Speaking about the impact of the engagement, Kamil Nabong, Portfolio Manager at KIC said “The Business Validation Trips serve as a vital checkpoint in the Agritech Pro Challenge, helping KIC better understand the challenges the startups face, while also celebrating their creativity and resilience, and assessing their progression towards the next phase of the competition.”
As the Agritech Pro Challenge moves into its Final phase, the insights gained during these visits will play a key role in shaping the support provided to the most promising ventures, ensuring that KIC continues to invest in solutions that are grounded in reality and capable of scaling impact across Ghana’s agricultural value chain.
The Grand Finale for the KIC Pro challenge is scheduled for May in Kumasi.
BY TIMES REPORTER
