Kosmos Energy, a path-finding oil & gas exploration and production company focused on emerging areas in Africa and South America, has announced the launch of a corporate social investment programme in partnership with MEST, Ghana-based business incubator and accelerator.
The corporate social investment programme – Kosmos Innovation Center (KIC), which is based in Accra – will operate out of the MEST Incubator facility.
The KIC will use innovation and apply commercial solutions to Ghana’s existing social and economic challenges by using a market-based approach that facilitates private sector enterprise and entrepreneurship.
To accomplish its mission, the KIC will begin its operations by choosing an area of focus from one of Ghana’s many different sectors.
In its first year, the KIC will target the agriculture sector – the largest sector in Ghana’s economy – where it will pursue and nurture the development of market-based solutions that address various development challenges across the sector’s value chain.
“…we are, however, very excited to specifically include agriculture as part of our focus, given that it presents an immediately relatable application of technology which is relevant in our part of the world,” said Ms. Juliana Taylor, Head of Operations and Strategy for Sub-Saharan Africa, MEST.
The KIC will focus on the connection between information and communications technology (ICT) and agriculture, with the goal of inspiring entrepreneurs to transform Ghana’s agriculture sector, using a three-part approach: Collaboration, Incubation, and Acceleration.
Through Collaboration, partnerships to tackle challenges together will be fostered; through, Incubation, promising start-up companies will be mentored & nurtured, while through Acceleration, the selected startups provided with funds and technical assistance.
Ms. Juliana continued, “Africa is often characterized as the ‘next frontier’ and an opportunity for growth which in turn raises questions of sustainability and as a logical follow-on food security. Sadly, as we envision this growth and its related requirements, agriculture (a key part of the conversation) is often excluded and de-prioritized especially in instances when employment and technology are part of the conversation,”
“Through this partnership, we hope to actively work towards dispelling this notion by identifying some of the very real ways in which there is overlap and driving towards workable solutions,” she concluded.
More information on the KIC programme can be found here.