The second batch of Standard Chartered’s Women in Technology (WIT) incubator program has been launched in Accra.
The initiative is in collaboration with the Ghana Climate Innovation Center (GCIC) of the University of Ashesi.
The Women in Technology Incubator programme, launched by Standard Chartered, is specifically designed for women-led or women-owned companies that apply technological innovation in their operations, or women-owned tech start-ups.
Throughout the duration of the programme, Standard Chartered Bank, through the Ghana Climate Innovation Center (GCIC), will offer a series of interventions to selected companies including opportunities to provide and secure grants to scale their businesses, access to project managers and customized portfolios.
These selected companies will be given access to the highly acclaimed GCIC Mini MBA and Women Entrepreneurs Transformation Program.
The first group of business incubator “Women in Technology” provided premium business incubation services to 40 women-owned or women-led companies.
Five top finalists were awarded JPY 57,000 each as seed funding from Standard Chartered Bank Ghana Limited to expand their business operations.
Speaking at the launch, StanChart CEO Mansa Niti said the women in tech in the program underscore their commitment as a bank to empowering women.
Working in Ghana for 125 years, she noted that they have contributed to the social and economic development of the nation by reducing poverty and inequality through various initiatives.
The CEO of StanChart was happy to announce that the companies they supported in the first batch had increased revenue and were able to hire 27 full-time and 22 part-time workers; 60 percent of them are women.
Ms. Mansa Nitti indicated that she has expanded the second group to accommodate more entrepreneurs, and added more reasons to help boost their business.
“I anticipate that the second batch that we are launching today, we will build on the successes to further enhance the program,” she added.
Dimension Data’s managing director, Yvette Adonfo Atikbe, said the Stanchart initiative was timely.
According to her, 52 percent of women are financially excluded in digital technology, so such an initiative is commendable.
Madame Yvette Atekbe has called for the creation of a Women’s Entrepreneurship Fund to mitigate the things that limit women’s business.
She urged young women to take advantage of the opportunity offered by StanChart and apply.
The Minister of Communications, Ama Puma Boateng, also praised Stanchart’s commendable initiative.
She said the SC’s Women in Tech program is in line with the government’s goal of empowering young women and girls to pursue careers in technology.
The Deputy Minister of Communication affirmed the government’s readiness to create an enabling environment for the prosperity of the private sector.
Ama Pomaa Boateng said the ministry is ready to collaborate with StanChart and other private entities helping to digitally transform Ghana’s economy.
Khadija Hashemi, Global Head, Community Engagement, Standard Chartered, underscored Stanchart’s commitment to bringing women into a socially inclusive platform.
“The whole idea for us is to identify businesses that are women-led and have great opportunities to grow through technology.”
She said this is part of their support to advance learning through technology across Ghana and other markets in Africa and the Middle East.
Ms. Khadija Al Hashemi also urged young women in startups to take advantage of the Stanchart opportunity.
“I wish all the women who will join this group the best. Please use this opportunity; it is a great platform for you to learn outside Ghana,” she said.