{"id":448081,"date":"2017-12-19T08:37:58","date_gmt":"2017-12-19T08:37:58","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/19\/minister-launch-co-working-incubator-and-accelerator-space\/"},"modified":"2017-12-19T08:37:58","modified_gmt":"2017-12-19T08:37:58","slug":"minister-launch-co-working-incubator-and-accelerator-space","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/19\/minister-launch-co-working-incubator-and-accelerator-space\/","title":{"rendered":"Minister launch co-working, incubator and accelerator space"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Tuesday, 19 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>Ghananewsagency.org<\/p>\n<p>2017-12-19<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/35037168.295.jpg\" alt=\"Awal Minister\" title=\"Awal Minister\" width=\"295\" height=\"202\" \/><span class=\"image_caption\"><span>Minister of Business Development Mohammed Ibrahim Awal<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1513672678_102_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> The Minister of Business Development Mohammed Ibrahim Awal has launched the first co-working, incubator and accelerator space under the National Entrepreneurship and Innovation Plan (NEIP).<\/p>\n<p>Dubbed the \u2018JOB STATION\u2019 it would provide opportunity to train and groom the next generation of Ghanaian-International businesses for both local and foreign investment.<\/p>\n<p>Speaking at the launch of the first station being hosted at the China Europe International Business School (CEIBS), Mr Awal said admission to the JOB STATION would be competitive and decided on the ability of the business to provide jobs and also make profits.<\/p>\n<p>Mr Awal said Ghana needed a dedicated corps of entrepreneurs with deep entrepreneurship culture to reverse the growing menace of youth unemployment.<\/p>\n<p>\u201cThere is the need to reverse this and that is why we think that through this programme we would be able to create an average of 500,000 jobs in the next four years to expand the economy and create jobs,\u201d he said.<\/p>\n<p>\u201cIt is in this direction that the President has released 10 million dollars to support young entrepreneurs to grow their businesses and build new ones,\u201d he added.<\/p>\n<p>Mr Awal said the Ministry would continue to support the programme so that the President\u2019s programme of Ghana beyond aid is anchored on young people, who are creative, knowledgeable and can dare to make sure that the goal was achieved.<\/p>\n<p>Mr Yaw Asamoah, Executive Director of the African SME Organisation, said the job station was going to churn out big businesses in Ghana.<\/p>\n<p>\u201cIt is going to be a farm where we turn out the big corporate in Ghana. All the companies we are going to admit should be able to move from the job station and get venture capital funding and equity not just in Ghana but from abroad,\u201d he said.<\/p>\n<p>Mr Asamoah said the plan is to establish 25 of these job stations across the country to give opportunities to entrepreneurs.<\/p>\n<p>He said the partnership with CEIBS is to allow link up with the CEIBS incubator centre in Shanghai and other incubation centres across the world.<\/p>\n<p>Professor Mathew Tsamenyi, Executive Director CEIBS, said CEIBS saw the training as an opportunity because it also believes in entrepreneurship development.<\/p>\n<p>\u201c Even before this conversation started we actually planned to have an incubator here and we were discussing this with our institution in Shanghai and to link it up with the incubator there,\u201d he said.<\/p>\n<p>Prof. Tsamenyi said the incubator programme had six modules and would last for six months while the accelerator programme is for three months.<\/p>\n<p>He said entrepreneurs would have mentors and business development support people to help them refine their business ideas and help with access to funding.<\/p>\n<p>\u201cSo the whole objective is to promote entrepreneurship development to create jobs and hopefully to move Ghana from a low income economy to a middle income economy within the next few years.<\/p>\n<p>\u201cThis is a special occasion for us as an institution, we are growing and we want to partner with the private sector and as well government to promote entrepreneurship development,\u201d he said.<\/p>\n<p>Meanwhile, the training of the first batch of 800 applicants under the National Entrepreneurship and Innovation Plan (NEIP) Businesses Plan Competition is underway in Accra.<\/p>\n<p>Over 6,650 entrepreneurs are expected to be trained nation-wide under the Ministry of Business Development, and its Private Sector Implementation Partner (PSIP), the African SME Organisation.<\/p>\n<p>The SMEs will be assisted based on a four-tier SME support ecosystem. This includes: advisory services, access to finance (seed capital, loans, and equity), access to market and policy (providing conducive SME ecosystem).<\/p>\n<p>Applicants would also be thoroughly trained on developing a world standard business plan and a sustainable business model which would equip them with enough knowledge to be able to run as independent businesses.<\/p>\n<p>The National Entrepreneurship and Innovation Plan (NEIP) is a flagship policy initiative of the government with the primary objective of providing an integrated national support for start-ups and small businesses.<\/p>\n<p>The NEIP primarily focuses on providing business development services;  start-up incubators and funding for young businesses to enable them to grow and become successful.<\/p>\n<p><!-- uploaded by: 24 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Tuesday, 19 December 2017 Source: Ghananewsagency.org 2017-12-19 Minister of Business Development Mohammed Ibrahim Awal The Minister of Business Development Mohammed Ibrahim Awal has launched the first co-working, incubator and accelerator space under the National Entrepreneurship and Innovation Plan (NEIP). Dubbed the \u2018JOB STATION\u2019 it would provide opportunity to train and groom the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":448082,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-448081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Minister launch co-working, incubator and accelerator space - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/12\/19\/minister-launch-co-working-incubator-and-accelerator-space\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Minister launch co-working, incubator and accelerator space - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Tuesday, 19 December 2017 Source: Ghananewsagency.org 2017-12-19 Minister of Business Development Mohammed Ibrahim Awal The Minister of Business Development Mohammed Ibrahim Awal has launched the first co-working, incubator and accelerator space under the National Entrepreneurship and Innovation Plan (NEIP). Dubbed the \u2018JOB STATION\u2019 it would provide opportunity to train and groom the [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Minister launch co-working, incubator and accelerator space\",\"datePublished\":\"2017-12-19T08:37:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/\"},\"wordCount\":699,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/\",\"name\":\"Minister launch co-working, incubator and accelerator space - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-12-19T08:37:58+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/19\\\/minister-launch-co-working-incubator-and-accelerator-space\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Minister launch co-working, incubator and accelerator space - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/12\/19\/minister-launch-co-working-incubator-and-accelerator-space\/","twitter_card":"summary_large_image","twitter_title":"Minister launch co-working, incubator and accelerator space - Ghanamma.com","twitter_description":"Business News of Tuesday, 19 December 2017 Source: Ghananewsagency.org 2017-12-19 Minister of Business Development Mohammed Ibrahim Awal The Minister of Business Development Mohammed Ibrahim Awal has launched the first co-working, incubator and accelerator space under the National Entrepreneurship and Innovation Plan (NEIP). 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