Kosmos Innovation Center Ghana, Glovo, and Open Value Foundation have decided to organise an Impact Entrepreneurship Competition for creative and thriving Ghanaian-owned businesses that have a positive impact on society, in order to strengthen the impact ecosystem in the nation and help close the gap between impact and profit.
The Impact Entrepreneurship Competition is intended for start-up businesses and entrepreneurs making a difference in Ghana’s economic, social, and/or environmental sectors and promoting the nation’s sustainable growth.
✓ Over 20,000USD in cash prizes and more than 5,000USD of in-kind prizes will be awarded to the selected entrepreneurs during the competition.
✓ The winner will receive a grant of 15,000USD powered by Open Value Foundation.
✓ 10,000USD will be awarded to a company working to improve the health and wellbeing of others, including businesses tackling environmental issues impacting people’s health by Anesvad Foundation.
✓ Additionally, based on the jury’s criteria, any of the live-pitch participants will have the opportunity to receive a package of support including mentoring, investor-readiness advice, networks, and introductions to other sources of funding and opportunities to access products and/or services donated by partners and collaborators.
To participate in the competition, the Ghana registered company must have raised less than USD250,000 in funding, have been in operations for 2 or more years, have a clear for-profit or sustainable business model with potential for scale and the ability to demonstrate positive social impact in Ghana (on rural, low-income, or disadvantaged communities).
The Competition will be made up of 2 stages. The first stage will be through an online submission while the second stage will be a physical event where the top eight shortlisted businesses will pitch in person to a panel of judges and investors. The live pitch will be held on 4th November 2022 in Accra.
How to apply
All applications should be submitted to bit.ly/ImpactGhanaAwards or to kicghana.org on or before October 10th, 2022. All questions and enquiries should be directed to firstname.lastname@example.org or +233 0342295432.