Kosmos Innovation Center Ghana, Glovo and Open Value Foundation are organising an Impact Entrepreneurship Competition for innovative and successful Ghanaian-owned businesses positively impacting society.
The aim of the competition is to strengthen the impact ecosystem in the country and contribute to bridging the gap between impact and profit.
The Impact Entrepreneurship Competition is designed for entrepreneurs and early-stage companies to generate a positive impact in Ghana’s economic, social and/or environmental sectors, contributing to sustainable development in the country.
Over $20,000 in cash prizes and more than $5,000 in-kind prizes will be awarded to the selected entrepreneurs during the competition.
The winner will receive a grant of $15,000 powered by the Open Value Foundation. Also, $10,000 will be awarded to a company working to improve the health and well-being of others, including businesses tackling environmental issues impacting people’s health by AnesvadFoundation.
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, 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 $250,000 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 Friday, November 4, 2022, in Accra.
All applications should be submitted to bit.ly/ImpactGhanaAwards or kicghana.org on or before October 10, 2022.
