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  /  Blog   /  $5,000 Inclab Entrepreneurship Challenge For Ghanaian Startups

$5,000 Inclab Entrepreneurship Challenge For Ghanaian Startups

Registration will officially be opened on the 27th of February this year for the maiden edition of the Inclab Entrepreneurship Challenge 2022. The competition will see the ultimate winner walk away with funding of $5,000 as a seed fund as well as mentorship support for his or her startup.

 

APPLY TO THE INCLAB ENTREPRENEURSHIP CHALLENGE 2022

The Inclab Entrepreneurship Challenge is seeking to promote entrepreneurship among the youth in the country through idea development, training, mentoring through to project implementation. The Challenge will see a maximum of 100 (100) young people between the ages of 18 and 32 selected from all regions in Ghana to compete for up to US$ 5, 000 for not less than three (3) calendar months.

 

How Entrants would Register

The project will begin with calls for ideas or startups from all over the country as each entrant apply at the company’s website thus inclabfoundation.org as the organizers of the event, INCLAB Foundation termed this stage as Entry Stage. Through a series of evaluation criteria, a maximum of hundred (100) startups will be selected from the pull of applications received at the entry stage. This will bring the initial number of selected candidates to 100 nationwide. The hundred qualified entrants will be screened down to fifty (50) by a jury.

A jury will meet the (50) qualified entrants and select a total of ten (10) startups from the (50) after they have presented their idea to the jury. The final ten (10) will be housed (Incubation Stage) for not less than twenty five (25) and shall receive training and mentoring, to develop their ideas into full projects. A total of ten (10) startups from the incubation stage will be selected to the Pitching Stage, where entrants will get the opportunity to pitch their ideas to investors for possible funding.

After careful evaluation of the projects during the Incubation Period, a seasoned jury will select the most viable project that shall receive funding up to US$5,000. The remaining teams shall receive complimentary rewards from partners and sponsors.

The Inclab Entrepreneurship Challenge has been organized by Inclab Foundation to help cut down youth unemployment, as it remains one of the biggest national security threats to the country. The Inclab Entrepreneurship Challenge seeks to help empower the youth by creating their own jobs and have the capacity to employ others too.

Visit company website for more information https://inclabfoundation.org