Standard Chartered has announced the 20 successful businesses that will participate in Cohort 2 of the Women in Technology Incubator programme at an induction ceremony at the bank’s head office in Accra.
The programme is a business incubator specifically designed to provide business support for women-led or women-owned businesses that leverage technology as part of the bank’s commitment to creating opportunities for female entrepreneurs.
Speaking at the induction, Mansa Nettey, Chief Executive of Standard Chartered Bank Ghana PLC congratulated the entrepreneurs on their selection and shared some fundamental principles with the cohort to benefit their businesses.
“The first one will be to stay focused and stay true to your purpose. When the going gets tough, just remember why you set up in the first place. I will also encourage you to persevere because it is not going to be easy. Another key principle is to be disciplined, self-discipline is the difference between those who are successful and those who are not. You need the discipline to do ordinary things for an extraordinarily long period”, she said.
The entrepreneurs will be taken through a nine-month-long incubation programme that comprises business advisory and financial interventions, including a highly acclaimed high-value Mini MBA program managed by Ashesi University’s Ghana Climate Innovation Centre.
At the end of the programme, the entrepreneurs will have the opportunity to pitch for and secure financial grants to scale up their business.
Head, Corporate Affairs, Brand and Marketing at Standard Chartered Bank PLC, Asiedua Addae, threw more light on the grant allocation component.
“At the end of the incubation period, all the entrepreneurs will present their business pitches to a selection committee and five outstanding businesses will receive $10,000 (Cedi Equivalent) each to scale up”, she stated.
The new cohort had the privilege of hearing the experience of Audrey Darko and Tracy Oppong, founders of Sabon Sake and Simpliexpand respectively and grant winners from Cohort 1 of the programme.
The Standard Chartered Women in Technology Programme is currently running in 8 markets including Kenya, Nigeria, UAE, and Pakistan. The programme is run in partnership with the Ghana Climate Innovation Centre, an Institute of Ashesi University.