The initiative is a business incubator that was created with the express purpose of supporting women-led or -owned firms that use technology to open doors for female entrepreneurs.
For their involvement in the cohort incubator program of Standard Chartered and the Ghana Climate Innovation Centre, five women in entrepreneurship have been chosen to receive $10,000 each.
The initiative is a business incubator that was created with the express purpose of supporting women-led or -owned firms that use technology to open doors for female entrepreneurs.
Twenty (20) women initially signed up for the nine-month incubation program, which included financial and business advisory interventions.
Five excellent enterprises were chosen as winners of the program to scale up their businesses from among the participating entrepreneurs' business pitches to the selection committee.
There is a need for new venture capital programs, according to Rukayatu Sanusi, executive director of the Ghana Climate Innovation Centre, to finance female technopreneurs.
She pointed out that the initiative aims to increase women's capacity and skills.
"They will be motivated to expand their operations, and ideally over time they will be able to provide access to investors.
"Any survey we look at reveals that women entrepreneurs are more prevalent in Africa, even though the bulk of those women work in the unorganized sector, so there is a case to be made for women,"
We then compare that to what is going on around the world, and you will see that women are indeed marginalized. So, she emphasized, "This is how you have to sell your business: it must come across as having market for our business and it must come across as having prepared for the next 10 years for your firm.
As for Regina Honu, who was the guest of honor and the founder of Soronko Academy, she spoke about her accomplishment in the cohort incubation program.
"You need to have a plan. You can navigate, stay one step ahead of the competition, and determine your next move thanks to that. How can I build a trustworthy, international brand? What will I do next as sometimes connecting to the things you want to is impossible without a plan? Be well-read and well-researched to comprehend what is changing and moving, as well as what will occur next.
A finalist in the cohort incubation program and the founder and CEO of H.A. Farms, Hannah Aidoo, said she will utilize her grant money to set up a completely automated watering system for their birds.
"Filling our drinkers manually is a lot of effort because 80% of our employees are women, so we're going to utilize our money to install a fully automated drinkers system and create a website for our company to attract more customers and attract additional investors. Additionally, we'll utilize our award funds to buy feed and day-old chicks, two technologically advanced chicken goods.
Currently, Kenya, Nigeria, the United Arab Emirates, and Pakistan all host the women in technology program.
