Ten MSME graduates in the first cohort of the SNV Green incubation program

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Msms Graduation

Ten micro, small and medium-sized enterprises (MSMEs) from the West region graduated as part of the first cohort of the SNV GrEEn incubation program.

The beneficiaries performed six months of incubation at the University of Mines and Technology (UMaT) Business Incubation Hub (U-Hub), Duapa WerkSpace and AABN.

Each participating company received a certificate at the end of the program.

They are ; Mr. Kobena Bortsie Ayensu Breton of Keinem ventures, Mr. Jesse Rolland Prah, Rolland Rice, Mr. Anthony Ackah Anyimah, On rock firm, Mr. Peter Kyei Fresh life 360 ​​and Mr. Blankson Asiako, Blankrich Company Limited.

The others are Nana Yaa Manu Adjei, Water force ventures, Ms. Deborah Dick Woode, DD lines, Mr. Frank Frimpong, F&F electrics and Mr. Joseph Otoo, Biotech Ghana Limited.

Addressing attendees at the closing ceremony held at the University of Mines and Technology (UMaT), Tarkwa, the Dean of the Office of Research, Innovation and Consulting (ORIC), Associate Professor Solomon Nunoo, said the U-Hub was the University’s vehicle for commercializing innovations and business ideas at UMaT.

He said it was also a capacity building center for young entrepreneurs as part of the university’s extension to its catchment area.

“The journey to establish a business incubation center began in 2015 when we instituted an annual innovation and career fair to encourage and advance innovations within the academic community, especially among students. “, He explained.

These fairs, according to Associate Professor Nunoo, “serve as platforms for students to showcase innovations in problem solving and the best of them, mostly ten of them, have been awarded and supported for. further develop their innovations and ideas ”.

He added that “as a university, we make sure that every student takes a course in business entrepreneurship. Therefore, the establishment of U-Hub was intended not only to provide the continuum of transition from innovation and career fairs to business incubation, but also to ensure a link between the theory of entrepreneurship courses in class with the practice of starting, owning and running a business. “

According to him, the course aimed to ensure that students with innovative and business ideas bring them up to date by setting up businesses to employ themselves and others.

He said: “The Hub was created to promote business creation by transforming innovative projects and ideas into business products and services and to strengthen university-industry relationships to build the capacities of young entrepreneurs.

The opportunity offered to U-Hub to be a service provider within the framework of the SNV GrEEn project was of immense relevance to our cause.

“In the first cohort, U-Hub had three SMEs, and all were in the water, sanitation and hygiene sector, one in plastic recycling for the plastic product manufacturing market. and two in the production of soap and hand sanitizer, are now being implemented. incubation program and gradually integrated into a mentoring program by the end of the year, ”explained Associate Professor Nunoo.

He added that “In the second cohort, we would have a total of six SMEs. Three of the SMEs are said to be in the agriculture and food production sector, two of which are in animal husbandry and agriculture and one in non-traditional agriculture to include mushrooms. production; while the other two would be in the WASH sector, in particular the recycling of plastics / materials; and one in the renewable energy sector, producing briquettes, an alternative to traditional charcoal production.

He noted that as a university and hub, they have the necessary expertise in the green economy and stressed that, “in sector specific terms, we have the departments of environmental and environmental engineering. safety and engineering of renewable energies, to provide both the theoretical bases and also the laboratories to test the products for the market.

He indicated that human resources and internal experts as well as industrial collaborators would provide the U-Hub with the right mix of what is needed to ensure that their incubates are among the best.

Again, he noted that “The SNV GrEEn project has provided us with an opportunity to demonstrate this and we look forward to better times ahead in our collective effort to formalize the existing SME sector and to support young start-ups. to create jobs. and their peers to reduce unemployment in Ghana.

Ms. Genevieve Parker-Twum, Senior Incubation and Acceleration Advisor for the SNV GrEEn project, said: “The GrEEn project is a program funded by the European Union that SNV Ghana is implementing with the United Nations Equipment Fund” .

She said the aim was to boost employment and business opportunities under Green in Ghana.

The program is implemented in the Ashanti and Western regions.

Ms. Parker-Twum underlined that “these SMEs over the past six months have been in an incubation program and supported by our local Duapa WerkSpace, AABN and U-Hubs with which we have worked.

She said that U-Hub has been a center where SMEs have found the necessary support to build on their foundations, regularize business registration, expand their market to improve access to finance and how to attract investment if they invest in the right structures.

“Even if the graduates are no longer part of the program, we will continue to support them in any way we can. There are a lot of interventions that they can benefit from under the GrEEn project, ”she said.

Ms. Parker-Twum pointed out that the program which was launched by SNV with their implementing partners in November 2020, is currently incubating a total of 25 MSMEs in the Western region.

Nana Yaa Manu Adjei, beneficiary and managing director of Water Force ventures, a company that offers skin care products, expressed his gratitude to SNV Ghana and its partners.

“I didn’t mark my products correctly, but now I have certified all my products and the organizers have linked me to Afrilabs.

Currently, I have people in all sixteen regions selling my products, ”she added.

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