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