Standard Chartered Bank Ghana has opened applications for Cohort 4 of the Standard Chartered Women in Technology (SCWIT) Incubator Programme.
The initiative supports female-led and/or owned businesses, in line with the growing demand for diversity in technology and entrepreneurship. It underscores the need for increased opportunities for women to develop entrepreneurial and leadership excellence, reflecting the bank’s commitment to sustainability and community engagement – with specific focus on innovation, entrepreneurship and technology.
The programme is implemented by Ashesi University’s Ghana Climate Innovation Centre (AU-GCIC).
Through the SCWIT Incubator Programme, selected women entrepreneurs get access to a comprehensive incubation experience featuring personalised business advisory services, mentorship and financial grants, as well as several skills development masterclasses including participating in the high value mini-MBA programme curated by AU-GCIC.
The programme cumulatively aims to equip female-led enterprises with the transformational and essential skills needed for success in the dynamic tech-enabled business landscape. Entrepreneurs selected for the initiative will benefit from immersive learning in business management and operations, and access to a range of services including legal, accounting, financial planning and tech support, as well as valuable networking opportunities with successful peers and industry experts.
Upon completion, the participants will showcase their businesses, competing for financial grants to scale up their ventures and drive sustainable growth and impact. The SCWIT programme is part of the broader global initiative ‘Futuremakers’ by Standard Chartered, which is aimed at tackling gender inequality by promoting greater economic inclusion.
Since its launch in Ghana during November 2020, 54 femaleowned businesses across various sectors have benefitted from the incubator. 15 of these businesses have received grants of US$10,000 (Ghana cedi equivalent) each to scale up their businesses.
This year’s programme includes an increase from five to six top finalists, who will receive a US$10,000 Ghana cedi equivalent equity-free grant each, to scale up or kickstart their technology-enabled businesses.
Eligibility criteria for the prospective enterprises are as follows:
- Female ownership of not less than a 50% stake or equity in the business.
- Business should have been operation for at least 12 months.
- Business should have been founded by a Ghanaian, and registered and operating in Ghana.
- Business should be developing an innovative and scalable tech-enabled or sustainability- inclined product.
- Business should be able to demonstrate its technology’s sustainable impact from social, economic or environmental perspectives.
Commenting on this year’s programme, Mansa Nettey, CEO-Standard Chartered Bank Ghana PLC stated: “We remain committed to advancing economic and social development sustainably and equitably; our purpose revolves around propelling commerce and prosperity through our unique diversity. The SCWIT incubator is dedicated to empowering women-led start-ups, by providing indispensable resources and the support needed to propel female-owned businesses to unprecedented heights”.
Ruka Sanusi, Executive Director-Ashesi University’s Ghana Climate Innovation Centre, also said: “The Standard Chartered Women in Technology business incubator is focused on breaking down gender barriers to opportunity, while empowering emerging female business leaders to make meaningful contributions to the world around them. Ashesi University’s Ghana Climate Innovation Centre is a proud partner with Standard Chartered for the programme, offering women entrepreneurs with technological and sustainability innovation the skills development, mentorship and business support they need to realise their start-up dreams”.
Interested candidates can apply online at http://scwomenintechgh.com/apply/ until 29th February 2024.
