A one-day pitch competition was held on September 20, for the Ghana National Climate Launchpad, where 10 SMEs from all over Ghana pitched to three judges for the opportunity to go the Africa regional finals in Kenya.
The winners for the Africa regional will go to the Global grand finale in Amsterdam Netherlands for two days on November 14-15 2019.
The Ghana National Climate Launchpad was the conclusion of a journey that began in June, with a two day bootcamp for Ghana’s selected SMEs.
Climate Launchpad is the world’s largest green business ideas competition. Climate Launchpad’s mission is to unlock the world’s cleantech potential that addresses climate change.
The competition creates a stage for innovative ideas. ClimateLaunchpad is part of the Entrepreneurship offerings of EIT Climate-KIC, which has as its tagline, “We are Europe’s Leading Climate Innovation Initiative.”.
EIT Climate-KIC is a Knowledge and Innovation Community (KIC), working to accelerate the transition to a zero-carbon economy. Supported by the European Institute of Innovation and Technology, EIT Climate-KIC identifies and supports innovation that helps society mitigate and adapt to climate change.
The KIC believes that a decarbonised, sustainable economy is not only necessary to prevent catastrophic climate change, but presents a wealth of opportunities for business and society.
Convening Networks of Expertise
The Ghana National Climate Launch is an example of the EIT Climate-KIC convening power, which brings together the most effective groups to create the innovation that can lead to systemic change. The Ghana National Climate Launch implementing partner is the Ghana Climate Innovation Center (GCIC), operating on the Ashesi University campus, and headed by Ruka Sanusi as its Executive Director.
Climate Launchpad, EIT Climate-KIC’s cleantech ideas platform, is one of two initiatives it seeks to catalyse and nurture innovation, whatever its source: from large corporations, research institutes and public bodies, through to start-ups and individual entrepreneurs. EIT Climate-KIC also operates a 24-hour hackathon Climathon.
The Panel of Judges were as follows:
Abdul-Nasser Alidu, Founder of Pay Inc.
Linda Amoah Owusu, Head of Corporate Operations BTL Africa.
Selorm Branttie, Vice President Imani, Ghana.
The SME’s business model pitches were evaluated by the judges based on the following criteria:
- Vision of what you intend to do?
- How will it impact sustainability?
- How innovative are your ideas?
- How practical is the solutions?
- Can it win the global launchpad
All SME’s used a framework they learned during a two day bootcamp in June 2019 to refine their pitch in which they covered key information, including the Customer Discovery, Marketing Insights, Product Profitability, Market Opportunity Size, and five year market scalability projection.
After a morning of pitching by the SME’s the judges selected fivee SME’s to pitch in the Round 2 Afternoon Final. The five SME finalists were
- Oak Mushrooms
- Bamboo Composite
- Sabon Sake
- Dignified Wear
The top three SME selected in for the Ghana National Climate Launchpad were as follows:
First Position: Sabon Sake
Second Position: Bamboo Composite
Third position. Proteus
The top two earn tickets to Nairobi, Kenya to compete in the Africa Regional Climate Launchpad. The winners of the African Regional will earn spots in the Global Grand Final in Amsterdam Netherlands in November 2019.
The 10 SME’s pitching were
- Baow Inc., A waste pickup service
- Proteos Technologies, An organic fertilizer processor.
- Tamaha: A biomass briquettes processor
- Oak Mushrooms, Oyster Mushroom producer
- Dignified Wear, Shoe maker from tire waste
- Bamboo Composite, Affordable housing
- Biosewers, EPC Bio-digester systems
- Borla Daakye, A Solide Waste Management Company.
- Sabon Sake, Soil Amendment producer
- EcoSim, Eco-bag manufacturer from plantain and banana leaves
Founded in 2016, GCIC is a pioneering business incubator with a unique focus of developing SME ventures and entrepreneurs in Ghana’s ‘Green Economy’.