Call for applications: Business startup challenge in Ghana

Now in its second year, the contest is held in partnership with Platinum Africa Solutions and is open to young local entrepreneurs aged between 18 and 35 years. The competition follows the financial institution’s Cultural Weekend programme in support of the Ghanaian creative sector last month.

“TBSUC is not only about providing funds for businesses but also equipping them with practical training, networks and exposure needed for their businesses to thrive,” TBSUC said.

The challenge is running from 15 September to 22 October and will support the businesses of some 500 applicants.

Interested applicants can apply via this link.

The application deadline is 1 October.

The challenge will be held in three stages:

• The application stage.
• The pitching and boot-camp stage.
• The final stage, where the winners will be crowned.

The ideal candidate(s) must:

• Have business ideas or start-up businesses capable of solving problems in Ghana.
• Be operating in Ghana and be registered with the Registrar General’s Department of Ghana. An applicant may, however, apply for the challenge then start the business registering process.
• Have a new business idea or a prototype of an already existing one that is sustainable and has the potential to grow and expand.
• Be willing to undergo training, mentorship and be present during all phases of the project.
• Have only one other member for those applying as a team.

Screening will be done by an established faculty of experts in various business fields. Highlights of TBSUC include a boot-camp workshop to train participants on principal business practices such as team building, leadership, marketing, and strategies, among others.

Those selected will go through a series of workshops and mentorship to nurture their start-ups or business ideas into reality. Shortlisted entrepreneurs from different regions in Ghana will compete by sharing innovative ideas on how their businesses could transform society when given the needed support.

Prizes

• First prize: GH₵15 000
• Second prize: GH₵10 000
• Third prize: GH₵ 5 000

Note: All three winners will receive GH₵20 000 in insurance cover from Access Bank, a GH₵30 000 consulting package from Platinum Africa Solutions and ICS Africa, a free website from Ayiyi Labs, a cover feature on OASIS Magazine and an Ozé Premium App subscription for six months.

View the original call here.