AgriBiz Sprint Program for Ghanaian owned Agri-MSMEs and FBOs

The program is in partnership with the Feed the Future Ghana Market System and Resilience (MSR) Activity which aims to strengthen and spur the growth of Agri-MSMEs and FBOs in agriculture value chains in Ghana. Successful applicant Agri-MSMEs and FBOs should demonstrate capacity, a willingness to explore alternative funding sources, and be ready to scale up operations.

This program is opened for the participation of young entrepreneurs between the ages of 15 and 35 within the USAID Zone of Influence who are into some form of entrepreneurial activities. The rationale of this program is to prepare young business for growth and to facilitate their readiness for interaction with business investors. It entails a series of capacity building sessions crafted to facilitate business attractiveness to investors. These sessions include the following Building an identity for your business, Revenue Model & Unit Economics, Legal Documents: Contracts, MOUs.

Participants exit this program after a successfully participating in an investor day event where they get to meet and interact with varying types of investors including equity investors, angel investors and financial institutions. Upon a successful source of funding/investment, KIC migrates all business into a 1-year business incubation program where it provides extra support for business growth, effective utilization of resources and sustainability.

Eligibility Criteria

To be eligible to apply, an organization must:

• Be a Ghanaian-owned business, meaning at least founder must be Ghanaian.
• Be a registered business and with a tax identification number (TIN).
• Have been operating in the agriculture sector of Ghana for at least 2 years (post registration) with a proven business model in place.
• Have gained traction and are looking to further expand (i.e., seeking growth capital and the ambition to want to scale up operations).
• Be able to attend the entire 3-month program and willing to work with the KIC team of trainers, mentors, and coaches, in-person and/or remotely.
• Commit to completing the surveys on impact measurement and growth for the next 36 months.

For more information, visit Kosmos Innovation Center.