The
Venture Capital Trust Fund (VCTF) is seeking partnerships with academia to
resource graduates with the requisite knowledge and skills to succeed as entrepreneurs.
The
Ghanaian government established the Trust Fund in 2004
to provide financial resources to Small and Medium Scale Enterprises (SMEs).
However
young graduates continue to complain of lack of finance to start their businesses.
Chief
Executive Officer of the VCTF, Daniel Duku, has disclosed to Luv Biz Report an
arrangement with the KNUST Business School to support graduates in career
development.
According
to him, the agreement will ensure graduates are directly assisted in preparing
CVs, business plans “and how they can get sponsorship as entrepreneurs”.
Companies under venture capital funding are
encouraged to invest in all sectors of the economy, but not businesses engaged
in imports to sell.
The maximum funding limit is 15% of a
company’s total capitalization and a minimum of $25,000.
Mr.
Duku has encouraged graduates with bright business ideas to access opportunities
under the Ghana Angel Investors Network (GAIN).
“We’ve had institutional investors and high
networked individuals as angels and people that have come out of the university
who have good business plans and ideas to pitch [proposals] to the angel
investors and if they are interested in your project they will assist you”, he
stated.
The
GAIN was initiated by the VCTF in 2011. The scheme provides mentorship and
other support to entrepreneurs who succeed in closing a deal with the angel investors.
Story by Kofi Adu Domfeh
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