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About 45 young Ghanaian entrepreneurs have been selected to participate in the first-ever Ghana Ultimate Entrepreneurship Competition.
Organized by Boost Media in partnership with real estate firm Optimum Homes, the event will provide an opportunity for young Ghanaian entrepreneurs to access the funding they need for their entrepreneurial ventures.
Selected applicants will receive a mentorship program and other support services to significantly reduce the risk of startup failure while improving their performance in the business world.
Awarded a star prize of 10,000 cents, the competition is expected to stimulate, nurture and promote youth entrepreneurship and culture in Ghana, while contributing to job creation and poverty alleviation in the country.
It is also expected to boost the country’s socioeconomic development through successful business and job creation.
The contest organizers explain that entrepreneurs are drivers of positive change and development in every society. In view of this fact, the apparent absence of initiatives aimed at discovering, developing and empowering young Ghanaian entrepreneurs in Ghana underscores the success of this competition, Ghana’s Ultimate Entrepreneur Competition (GUEC). motivated the founding.
Boost Media CEO and Assistant Professor Dr. Cynthia Addae said in a statement that the competition aims to tap into, develop and showcase the potential innovative ingenuity and entrepreneurial spirit of Ghana’s youth. It is a nationwide entrepreneurship contest with the aim of achieving this, and is working towards a wider realization. purpose of nation-building.
Competitors are therefore given a series of tasks that they must complete during the competition.
Also, during the competition, competitors hone and hone their entrepreneurial skills as they complete different tasks and progress through different stages of the competition.
Specific criteria for evaluation and judgment include entrepreneurial vision, feasibility, innovation (technology integration), profitability, scalability, social impact and sustainability.
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