Fidelity Bank invests GH¢1m to scale 16 Climate-Smart Enterprises in 2nd Edition of GreenTech Innovation Challenge 

Fidelity Bank Ghana, in partnership with Innohub, has successfully concluded the 2nd edition of the GreenTech Innovation Challenge (GTIC).

This reaffirms its commitment to climate-smart finance and the strategic role of technology in ensuring food and economic security.

The initiative awarded a total of GH¢1 million in grants to 16 pioneering climate-smart enterprises driving impact across Ghana’s agricultural and environmental sectors.

The pitch event, held at the West Africa Centre for Crop Improvement at the University of Ghana, Legon, served as a convergence point for innovators, financiers, and ecosystem partners celebrating Africa’s dynamic climate innovation landscape.

After a competitive selection process involving 25 enterprises, 16 outstanding businesses were shortlisted for the main pitch, addressing challenges in precision agriculture, post-harvest management, digital financial services, climate-smart agriculture, and value chain optimisation.

From these, AgriCentric Ventures, Peellnnova Limited Company, and Danny Machinery emerged as the top three winners, receiving GH¢200,000, GH¢100,000, and GH¢70,000, respectively. The remaining 13 enterprises each received GH¢50,000 in support to scale their solutions.

To ensure the grant funds are used judiciously and translate into scalable, impactful ventures, Innohub, the implementing partner, will provide all 16 businesses with six months of intensive, structured business incubation and acceleration services.

This crucial support is designed to help the entrepreneurs refine their models, secure follow-on funding, and successfully transition from promising concepts into commercially viable businesses.

Nana Yaa Afriyie Ofori-Koree, Head of Partnerships, Sustainability and CSR, Fidelity Bank Ghana, underscored the strategic importance of the initiative: “The agriculture sector is the cornerstone of Ghana’s economy and remains the most vulnerable to climate shocks.

“Our commitment to the GreenTech Innovation Challenge is a strategic investment in the future of our nation’s food security and economic resilience.

As we successfully conclude this second edition, we are demonstrating that technology, finance, and entrepreneurial spirit can converge to solve Africa’s most pressing challenges.”

Mami Serwaa Amoakohene, Chief of Staff, Innohub, celebrated the successful partnership: “The collaboration between Fidelity Bank and Innohub represents what’s possible when the private and development sectors work hand in hand. It’s a model for how Africa can finance its future sustainably.

After a successful first edition in 2024, this year’s Challenge builds on the momentum, with even stronger ideas, deeper collaborations, and clearer pathways to scale.

Fidelity Bank continues to lead the way in sustainable finance, and at Innohub, we remain committed to providing the handholding, technical support, and critical access to follow-on funding and markets that help these climate-focused ventures grow into powerful stories of impact.”

Through this initiative, Fidelity Bank is not only funding innovation but actively building a community that puts sustainability at the centre of business growth, generating real, scalable impact across Ghana and beyond.

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