Glovo Ghana partners Kosmos Innovation & Open Value Foundation for Impact Entrepreneurship…

Kosmos Innovation Center Ghana, Glovo and Open Value Foundation are organizing an Impact Entrepreneurship Competition for innovative and successful Ghanaian-owned companies that are making a positive impact on society to strengthen the Impact ecosystem in the country and help bridge the gap to bridge between impact and profit.

The Impact Entrepreneurship Competition is aimed at entrepreneurs and young companies that have a positive impact on Ghana’s economic, social and/or environmental sectors and contribute to the country’s sustainable development.

Over $20,000 in cash prizes and more than $5,000 in non-cash prizes will be awarded to selected entrepreneurs during the contest. The winner will receive a $15,000 stipend supported by the Open Value Foundation. $10,000 will be awarded by the Anesvad Foundation to a company dedicated to improving the health and well-being of others, including companies concerned with environmental issues that affect people’s health.

Additionally, based on judges’ criteria, each Live Pitch participant has the opportunity to receive a support package that includes mentoring, investor readiness advice, networking and introductions to other sources of funding and ways to access products and/or services provided by partners and be donated to employees.

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To enter the competition, the Ghana registered company must have raised less than $250,000 in funding, have been in operation for 2 or more years, have a clear for-profit or sustainable business model with potential for scaling, and the ability to demonstrate positive social impact in Ghana (to rural, low-income or disadvantaged communities).

The competition consists of 2 phases. The first phase will be through an online submission, while the second phase will be a physical event where the top eight shortlisted companies will appear in person before a panel of judges and investors. The live pitch will take place in Accra on November 4, 2022.

All applications should be sent to bit.ly/ImpactGhanaAwards or to kicghana.org by October 10, 2022. All questions and inquiries should be sent to [email protected] or +233 0342295432.

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About Kosmos Innovation Center Ghana

The Kosmos Innovation Center (KIC) invests in the future by helping innovators turn today’s problems into tomorrow’s opportunities. We are dedicated to scaling innovations that apply commercial solutions to key development challenges in Africa, starting with agriculture. We have successfully invested in hundreds of young entrepreneurs and small businesses who have big ideas and want to see their country grow. We achieve this through tailored coaching, capacity building, expert mentoring, seed funding and facilitating connections within and across industries. For more information on Kosmos Innovation Center visit: https://kicghana.org/

About Glovo

Glovo is a pioneering multi-category delivery app and one of the world’s leading technology platforms mediating in the on-demand delivery industry. Founded in Barcelona in 2015, the company operates in South West Europe, Eastern Europe and Sub-Saharan Africa. For more information about Glovo, visit: https://about.glovoapp.com/en/

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About the Open Value Foundation

The Open Value Foundation is a family foundation with a mission to promote and encourage impact investing to improve people’s lives. Using a hybrid model between traditional philanthropy and private equity investment, it works to accelerate the creation of innovative solutions to fight poverty and improve the lives of the most vulnerable by bringing together stakeholders and strengthening the ecosystem of impact. For more information on OVF, visit: https://www.openvaluefoundation.org

About the Anesvad Foundation

The Anesvad Foundation has been advocating the right to health for all for more than 50 years, with a focus on those in the most vulnerable situations. It develops projects that guarantee access to health in Africa and strives for the greatest possible impact and sustainability. The Anesvad Foundation also supports causes and projects that help improve people’s lives and guarantees their economic sustainability through a portfolio of impact investments. For more information see: https://www.anesvad.org/