StanChart Launches second cohort of ‘Women in Technology’
Standard Chartered Bank’s Women In Technology (WIT) Incubator Programme has launched its second cohort of the programme in Accra.
The initiative is in collaboration with Ashesi University’s Ghana Climate Innovation Centre (GCIC).
The programme, Women in Tech Incubator, is specifically designed for women-led, women-owned businesses or women-owned tech start-ups who are applying technological innovation and advancment to their operations.
For as long as the programme is intended to run, StanChart through GCIC will be offering series of interventions to a number of selected businesses. The interventions to be given include opportunities to pitch and secure financial grants to scale up their businesses.
The selected businesses will be given access to GCIC’s highly acclaimed High Values Mini MBA and the Women Entrepreneurs Transformation Programme.
The first cohort of the incubator programme were given premium business incubation services to 40 women-owned or owned-led businesses.
Of the lot, five finalists were awarded GH¢57,000 each as seed funding from Standard Chartered Bank Ghana Limited to scale up their business operations.
The Chief Executive Officer of StanChart, Mansa Nettey, said the programme shows the bank’s continual support to empowering women of today.
She noted that StanChart has been operating in Ghana for 125years and have contributed tremendously to the socio-economic development of the country through their various initiatives which helps alleviates poverty and inequality.
StanChart’s CEO was happy to announce the success stories of women supported in the first cohort. She said they had increased their revenue significantly and now employ 27 full time workers and 22 part timers; with 60% of their workers being women.
Madam Mansa Nettey also noted that in order to accommodate a larger batch this time, they have expanded the programme and will be adding more courses to help in the various sectors of business that needs enhancement.
“I expect that the cohort 2 we are launching today, we will build on the successes to further enhance the programme” she added.
Managing Director of Dimension Data, Yvette Adounvo Atekpe said the initiative by StanChart is timely.
According to her, the percentage of women who are finally excluded from the digital technology space stands at about 52% making such an initiative laudable.
Madam Yvette Atekpe advocated for a Women Venture Top-up Fund to be set up to mitigate things that limit women in businesses.
She urges women especially the youth to take advantage of the opportunity StanChart is offering and apply.
The Minister of Communications, Ama Pomaa Boateng commended StanChart for the laudable initiative.
She said the StanChart’s Women in Tech programme is in line with the government’s goal of empowering young women and girls to pursue careers in the technology space.
The Deputy Communications Minister also gave assurance of the government’s readiness to support and create the enabling environment for the private sector to thrive.
Ama Pomaa Boateng said the Ministry is ready to collaborate with StanChart and other private entities helping to digitally transform Ghana’s economy.
“The whole idea is for us to identify female lead businesses which have wonderful opportunities to grow through technology”
Madam Khadija Hashimi also urged young women with start-ups to take advantage of the opportunity being provided by StanChart.
“I wish all the women who will join this cohort the very best. Please use this opportunity; it is a wonderful platform for you to learn outside Ghana” she said.