The Grants Management Committee of the Adwumawura Programme has started a nationwide exercise to enable beneficiaries to pitch their business ideas to a panel of experts to win grants in support of their businesses.
The pitching session is taking place in all 16 regions, with beneficiaries drawn from the 261 Metropolitan, Municipal and District Assemblies across the country.
A statement from the National Entrepreneurship and Innovation Programme (NEIP), copied to the Ghana News Agency on Saturday, said the pitching exercise was designed to give selected youth-owned businesses that had undergone a five-week capacity-building programme the opportunity to present their ideas.
The training focused on entrepreneurship and equipping participants with skills on how to start and grow their businesses.
It said after the nationwide pitching exercise, at least 2,000 viable, scalable and impactful businesses with the potential to create decent jobs would be supported with financial and input grants.
The Grants Management Committee is an independent body inaugurated by the Minister of Youth Development and Empowerment to select innovative, viable, scalable and impactful businesses from the 10,887 businesses supported under the Adwumawura Programme to receive financial and input grants.
The Committee is to ensure that the disbursement of grants under the Adwumawura Programme is equitable, merit-based and impactful.
It urged beneficiaries to remain calm as they go through the rigorous selection process to ensure that businesses that win the grants are viable and scalable to deliver the necessary impact on the economy.
“Because this best-practice approach of selecting beneficiaries is in line with the RESET agenda,” the statement said.
The statement said the programme required the Committee to rigorously select beneficiaries who could prudently and efficiently utilise the grants to create sustainable and decent jobs for the youth.
It said the Committee was committed to selecting impactful, viable and scalable youth-owned businesses to be awarded grants.
The next step will be the award of grants to at least 2,000 viable, scalable and impactful youth-owned businesses.
GNA
