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19 Cohorts exit GCIC incubator after 9 months of operation

In February 2022, nineteen (19) cohorts from across Ghana were inducted into Cohort 6 of Ghana Climate Innovation Centre’s (GCIC) incubator and School of Sustainable Entrepreneurship.

Nine months later, on November 23, 2022, the Cohort exited the incubator at a ceremony to mark the event.

The cohorts’ sectors of operation span domestic waste management, energy efficiency, greening and climate-smart agriculture and are in eight out of the 16 regions in Ghana.

The event also included the premiering of the centre’s annual Climate Focus documentaries that showcase Cohort 6 entrepreneurs’ climate-smart innovations and their impact on the community and country.

The documentaries cover businesses from each of GCIC’s five key economic sectors and greening businesses from across the country with emphasis on representing male and female businesses equally and will be subsequently aired on TV3, Citi TV and Citi FM between November 24 and December 2, 2022.

The documentaries highlight how the entrepreneurs during their incubation with the GCIC, are pioneering adaptive and mitigating solutions for climate change issues in Ghana, how they are impacting their communities as well as spotlighting the results of their capacity building.

The Cohort, in the first and second of its three quarters, has cumulatively created 51 new jobs.

It has generated revenue of $1,303,324, employed 539 people, has been awarded $343,425 in grants, served over 241,641 with their products and services and most impressive of all, avoided 70,684MT CO2 emissions which is the equivalent of 15, 707 cars CO2 emissions for a year.

This was at a social cost of $50 per ton, saves a total marginal cost of $3,530,200 of the impacts caused by emitting one extra tonne of greenhouse gas (carbon dioxide equivalent), inclusive of ‘non-market’ impacts on the environment and human health.

The event kicked off with an electrifying spoken word performance by Nana Adwoa Adoma and was attended by several thought leaders in the climate space including the Director of Development and Head of Cooperation at the High Commission of Canada in Ghana, Kathleen Flynn-Dapaah

Others in attendance were Fosuah Adjei, Director, Climate Change at Ghana’s Forestry Commission,
Yvette Tetteh, CEO, Pure & Just and GCIC Alumni and Abdul-Nasser Alidu, Marketing and Strategy
consultant as well as members of the GCIC’s Cohorts 6 and 7.

To conclude the event, an interactive panel made up of a panel of three industry experts and moderated by Ruka Sanusi, the Executive Director of the GCIC spoke in depth about the importance of collective action and investment in solutions to address climate change mitigation and adaptation.

Source: Ghana News

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