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The Standard Chartered Women in Technology Incubator (SC-WITI) program provided 57,000 each in seed funding to five women-led companies to expand their businesses.
The incubator program is managed in Ghana by Standard Chartered Bank, in partnership with the Ghana Climate Innovation Center at Ashesi University.
The digitally staged event due to covid restrictions rewarded the five start-ups that turned out to be the winners of a pitch event.
The five were selected from a shortlist of 14 start-ups that completed a four-month entrepreneurial skills training course during the first phase of the program.
Speaking at the ceremony, Alikem Adadevoh, General Counsel at Standard Chartered, said: “Our sincere congratulations to the five award winners on their well-deserved success. As a bank, we believe that empowering women-owned businesses is crucial to boost Ghana’s economic development and accelerate progress towards achieving the Sustainable Development Goals.
“We are excited to be able to provide opportunities for women-led businesses to grow and reach their entrepreneurial potential through our Women in Technology program, and we look forward to seeing their business grow. “
In addition to seed funding, companies will benefit from portfolio management support over the next 10 weeks, exposure to potential investors seeking to support the development of women-led businesses, and will also join the global network of SCWIT alumni where they will have access to other networking events, resources, content and business development opportunities.
The five winners are:
- Ghana Autism Ambassadors: a social enterprise that brings together professionals and volunteers to raise awareness about autism and help improve the lives of children living with autism through technology, using their Autism Help app. Website: www.autismambassadors.org.gh
- Farmhub Limited: an emerging player in the agricultural sector offering services to customers using technological innovation (agricultural mobile application). The company has expertise in agriculture and farm management, providing agronomic, capacity building and post-harvest loss management services to farmers, as well as connecting farmers with market opportunities. Website: www.farmhub.com
- Pent Ranch: a company formed by a group of friends passionate about the potential of Ghanaian agribusiness. Founded in 2019, the company has grown into a commercial scale agribusiness currently focused on egg production. Website: www.pentranch.com
- New edition: an agricultural business transforming the sector by locally providing soil regenerating products and services that restore healthy soil and empower producers – leveraging innovative technology to foster a low carbon economy and grow healthy food production. Website: www.sabonsake.com
- Simplify the extension: a creative agency that offers website design services with an emphasis on exceptional user interface design and data analysis to help clients make real-time market decisions. Their uniquely designed website portal allows customers to access disaggregated data to do so. Website: www.simpliexpand.com
Speaking after the competition, Ruka Sanusi, Executive Director of the Ghana Climate Innovation Center at Ashesi University, said: “We congratulate the winners on their performance. Access to finance is one of the biggest challenges women entrepreneurs face when starting or expanding their business.
“We are delighted to partner with Standard Chartered on this program to address and respond to one of the key structural challenges facing growing small businesses. “
For full details of all attendees visit: https://scwomenintechgh.com/cohorts/
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