Reinforcing its position as an SME focused Bank, Access Bank Ghana PLC, through its ‘W’ initiative, in partnership with Platinum Africa Solutions, has launched ‘The Business Startup Challenge’ to support startup businesses in the country.
The Business Startup Challenge will provide a unique opportunity to 500 shortlisted young Ghanaian entrepreneurs within the ages of 18 and 35 years, who have either set up budding businesses or have business ideas, seeking funding opportunities to make them materialize.
Set to run for a period of five weeks, call for applications opened on September 15, 2021 and ends on October 1, 2021. A three-member jury will audition applicants from October 4-7, 2021, to kick-start lined-up events. Participants will receive training in key business practices at various stages of the challenge, equipping them with knowledge to navigate this technology era.
Sharing his remarks on the Challenge, Managing Director of Access Bank Ghana PLC, Olumide Olatunji emphasized the importance of resourcing local startup businesses, as a significant contributor to the economy.
“Globally, startups dominate the business environment with the sector referred to as the “backbone of the global economy.” He however cited lack of funds, proper planning and management skills, as factors impeding their growth therefore the bank’s intervention of bridging the knowledge and technology gap through programmes such as The Business Startup Challenge.
Highlights of The Business Startup Challenge include a boot camp workshop to train participants on principal business practices such as Team Building and Leadership, Excellent Customer Service, Marketing Concepts and Strategies among others.
There will be shortlisting sessions, with each giving participants the opportunity to pitch their business ideas. Final thirty shortlisted applicants, will undergo a master class and final pitching to a six-member jury and faculty, made up of renowned persons in the fields of Marketing, Communications, Business, Entrepreneurship and Human Resource.
Top three finalists will receive a share of GH¢30,000 as cash prizes, business advisory & mentorship sessions and a GH¢20,000 worth of Life Insurance cover.
Access Bank places a special focus on SMEs because of the significance they hold to Ghana’s economy. Aside The Business Startup Challenge, the Bank has supported many SMEs and startups through its tailored digital banking solutions for businesses, its Africa wide Womenpreneur Pitchaton Africa Competition in partnership with IFC and through its SME Clinics held in Accra and Kumasi with plans to extend to the Western and Northern Regions of the country.
It continues to build solid long-term relationships with customers based on trust, digital innovations, good customer service and transparency. Over the years, Access Bank has developed a deep understanding of its customers, delivering excellent services and empowering them to achieve more through financial education.
Business Startup Challenge
WHAT IS THE BUSINESS STARTUP CHALLENGE?
The Business startup challenge is an Access Bank Gh PLC initiative designed to help young entrepreneurs successfully set up and run businesses. The business challenge which started last year as the 5k challenge is powered by the Women banking unit of the bank and partnered by Platinum Africa Solutions.This year the challenge is running from the 15th of September 2021 to the 22nd of October,2021. Applicants who are interested must apply via the link provided below. Applicants can be a male or female young Ghanaian entrepreneur between the ages of 18 and 35 years.
The competition will be in 3 stages.
- The Application stage.
- The Pitching and boot camp Stage
- And the Final stage(where the winners will be crowned)
The grand prize for this season is GHS 30,000.00 prize money, business advisory services, coaching, life insurance cover worth GHS 20,000.00 and other exciting rewards.
Screening will be done by an established faculty who are experts in various business fields.
Click here for more information or call toll-free number 08000 04400.
Interested in applying? Click here https://bit.ly/tbsuc2021
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