UPSA, Innohub and NSS join forces to train entrepreneurs

Some dignitaries in a group photo

The University of Professional Studies (UPSA) will launch an Entrepreneurial Venture Lab program to help graduate entrepreneurs incubate their business ideas into sustainable startups for 12 months during their national service.

This follows a memorandum of understanding jointly signed by the University, the National Services Secretariat (NSS) and Innohub, a business accelerator that supports growing small businesses.

Under the program, there would be training of young entrepreneurs using the university framework and curriculum, the provision of business development services and investor match support for investor-ready companies, a said an official statement released to Ghana’s news agency in Accra, said Monday.

The agreement is part of UPSA’s Center for Enterprise and Innovation, aimed at working with various faculties and external stakeholders to foster a culture of entrepreneurship within the University’s student body.

This was aimed at empowering them to provide a long-term solution to the growing challenge of graduate unemployment in the country through entrepreneurship.

Speaking at the signing of the MoU, Professor Charles Barnor, UPSA Vice-Chancellor, said the program would serve as a catalyst to find lasting solutions to the unemployment problem in the country, especially the young university graduates.

He said: “We are starting this partnership with increased optimism and excitement. As we explore the issues of our homeland’s growing unemployment rate, entrepreneurship in uncertain times, among many other issues, I implore all of us to get actively involved and make the most of this opportunity.

He expressed his gratitude to the NSS and all their partners, including Ghartey and Ghartey, Realtek and Innohub for the initiative which would provide the necessary training and mentoring to service staff.

Mr. Nelson Madiba Amo, Chairman and CEO of Innohub and a member of the advisory board of the UPSA Business and Innovation Center, expressed concern about the lack of support systems for students’ entrepreneurial ideas. .

This, he said, motivated the Center to support “those who are very passionate about their ideas” to launch their idea through national service engagement.

For his part, Mr. Osei Assibey Antwi, Executive Director of the National Service Secretariat, noted that the program would be an avenue that could help entrepreneurs to export their products to other countries.

He expressed his joy and confidence that at the end of the program, many businesses would have been created to contribute to Ghana’s economic growth.

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