The Kosmos Innovation Model - Using Integrative Processes to Redefine Social Investments for Greater Social Impact in Ghana

Abstract

Abstract This paper examines the Kosmos Innovation model that demonstrates impactful results combining integrative but innovative social investment approaches altogether for an impactful social change. The Kosmos Innovation model was applied to a set of young entrepreneurs with ICT and Agribusiness background. They went through the three main tenets of the model, which are Collaboration, Incubation and Acceleration. Through observations and analysis, these components were deployed to facilitate connections for knowledge sharing, excite and inspire budding entrepreneurs to use technology as a conduit for development and engage small holder businesses to scale up private sector solutions. Processes are compared and impactful approaches were identified. This long-term project has just begun but key impact indicators and KPIs on social change, business change and market system changes are beginning to emerge. The goal of investing in one entrepreneur at a time within the innovative but integrated approach of providing collaborative and synergistical platforms, incubation of new ideas and ideals, the acceleration of potential on-going projects have energized stakeholder perceptions about agriculture. Combining the three pronged approach at the same time is creating positive social, business and market changes. This paper describes the processes and results of the model and discusses the novelty of the new approach and its ability to combine integrative approaches all at the same time, to develop both start-up and small scale entrepreneurs.