Deadline: 10-Mar-23
Are you a Ghanaian business & innovation hub needing financial support for your facility for SMEs & startups? NEIP Ghana in partnership with World Bank Africa has launched the Call for Applications for Hubs Grant Acceleration Programme.
The National Entrepreneurship and Innovation Programme (NEIP) is a flagship policy initiative of the government of Ghana. NEIP is part of the technical implementation partners of the component 3 of the Ghana Economic Transformation Project (GETP) which is Accelerating Entrepreneurship and SME growth and supporting entrepreneurship and SME growth in non-resource-based sectors, addressing specifically the limited development of the SME and entrepreneurship support ecosystem, including early stage financing.
The Objective of the Business Incubation/ Acceleration Programme Grants (“BIAP Grants”) is to support selected entrepreneurship Incubation/innovation hubs to carry out business incubation and acceleration programs for start-ups and build the capacity of the Hubs as well.
Scope
This call for application is being done in the context of ecosystem strengthening with
- targeted support to incubation hubs capacity, resourcing, implementation, and sustainability. The scope of this grant call is in two folds:
- to support and build the capacity of the Hubs through the Benchmarking exercise and
- to designing and implement a one-year Acceleration programme to improve the business systems of selected 20 selected start-ups.
Funding Information
This Call is opened to all the Incubation Hubs in the Ghanaian Entrepreneurship and Innovation Ecosystem to apply for a grant support of up to $200,000.
Eligibility Criteria
- Must be legally registered in Ghana.
- Ownership must be 100% Ghanaian
- Must have operated as an Enterprise Support Organization in Ghana for at least three (3) years
- Core expertise in Entrepreneurship Support and business acceleration. Demonstrated
- experience in designing and building substantial entrepreneurship support programs, from the design phase to final implementation in Ghana.
- Must be able to present a qualified and competent team of Business Development Experts, Mentors, Trainers, etc. The team should have relevant academic qualifications and relevant experience.
- Must be able to demonstrate standard business practices such as governance, bookkeeping and accounting, annual audited financial statements, tax compliance, etc.
- Must be ready to contribute in-kind resources such as staff time and physical locations to the program
- Must have adequate space to host the intended program for start-ups.
- Show Traction of Previous Work Experience with detailed Profile
- Must Submit a two-year financial report.
- Must submit a one-year Acceleration Programme concept design for start-ups.
For more information, visit NEIP Ghana.