Government launches $7m entrepreneurship programme

The $7 million grant, dubbed national entrepreneurship and innovation programme (NEIP) hubs acceleration grant (HAG) programme, is also aimed at supporting the hubs to improve on their performance to meet international standards. The initiative, which is being funded by the World Bank, will also focus on businesses operating in the agriculture, technology and innovation, light manufacturing and processing, waste and green businesses and technical and vocational sectors.

Entities eligible to apply include incubation and entrepreneurship hubs such as business incubators, technology centres, university hubs and other such support organisations.

Fifty entrepreneurship hubs will receive $200,000 each to support their operations, upgrade their o ces and equipment, and run the acceleration programmes.

Prospective applicants have been asked to visit a website: www.neip.gov.gh and other NEIP social media platforms and apply before Friday, March 10, 2023.

The Chief Executive O cer (CEO) of NEIP, Ko Ofosu Nkansah, who did the launch in Accra yesterday, said $4 million of the fund would be used to support existing hubs that had been in operation for three years, while the remaining $3 million would be channelled into hubs which had operated for two years and below. He said NEIP's programmes were under Component Three of the Ghana Economic Transformation Project (GETP),