Student-led businesses receive GH¢4,500.00 start-up capital

By
Julius K. Satsi, GNA

Accra, Oct.22, GNA – Three student
entrepreneurs have received GH¢4,500.00 seed money to start their business
ideas following a business pitch programme organised by the Women’s Commission
of the University of Professional Studies, Accra (UPSA).

The business pitch was part of a three-day
business week activity dubbed ‘Ignite Your Idea’ observed under auspices of the
Student’s Representative Council (SRC) through the Women’s Commission to
support individuals and groups with business ideas in realising them.

The keenly contested business pitch saw the
three businesses emerged as the best out of the nine, which pitched their ideas
to a panel of three judges.

The Griin Heat Technology, producers of
charcoal using waste materials such as coconut husk, emerged as the ultimate
winner walking home with GH¢2,000.00.

Podash, a business that seeks to make black
healthy soap from cocoa pod, emerged as the first runner up and went away with
GH¢1,500.00 while 360 Salon, a business that seeks to build an app to link all
salons with customers emerged as the second runner up departing with GH¢1,000.00
as seed capital.

In an interview with the Ghana News Agency
after receiving the ultimate prize, Mr Richard Fosu, the Founder and Chief
Executive Officer of the Griin Heat Technology, said the company was committed
to bringing a lasting solution to the waste management problems in the country.

He said one way identified by the company was
to convert waste into efficient cooking energy for Ghanaians and that the award
would be used to acquire more machinery and gather more raw materials for
production.

Ms Hilda Nyarkoa, the Women’s Commissioner of
the UPSA, said her office was committed to helping to unleash business ideas
stacked in the minds of women in the school.

She said the activity was part of the SRC’s
business week celebration in partnership with the University’s Faculty of
Management and Business Incubator, Nickel Keynesbury, Soronko Academy, IDEA
Africa, and MTN among others.

Ms Nyarkoa said the UPSA SRC sponsored the
prize for the winner and the first runner up while Nickel Keynesbury, a leading
premium investment bank supported the second runner up.

She said the Management had adopted the
initiative and pledged to take it up even after the current SRC leadership had
completed their courses of study. 

Mr Andrews Ayiku, the Manager of the
University’s Business Incubator, said all the nine businesses would be taken
through the incubator programme for the next six months to fine-tune their
business to stand the test of time. 

GNA 

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