
Audio By Carbonatix
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.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Exchange rate pressures force utility tariff adjustment despite falling inflation – PURC
14 minutes -
Ghana to host Africa’s creative elite as AMC Season 3 welcomes Mahama’s 2027 AU chairmanship
21 minutes -
Disability inclusion is a matter of rights, not charity – Apaak
23 minutes -
Education Ministry orders probe into viral student assault video
26 minutes -
Adwoa Safo breaks silence on shooting incident; Denies carrying gun
31 minutes -
GRDA receives 2 locomotives, 20 freight wagons ahead of schedule
33 minutes -
“I don’t go noising people’s private businesses” – Minister on alleged mining site takeover in Prestea Bondae
36 minutes -
Doctors accepting rural postings rise from 12 to over 100 – Health Minister reveals
57 minutes -
Protected: Health Minister invites CHAG to support completion of Agenda 111 hospitals
57 minutes -
Innovation, branding is critical for success in agriculture – Georgina Koomson
1 hour -
Compassion is foundation of quality healthcare – Dr. Ziekye tells CHAG
1 hour -
CHAG says rural health facilities remain backbone of healthcare delivery
1 hour -
2026 World Cup: England vs Ghana Preview
1 hour -
Digital health programme doubles blood pressure control among CHAG patients – PharmAccess
2 hours -
Ransom note claims Nancy Guthrie died after abduction
2 hours