The first Ghana Ultimate Entrepreneurship Competition is set to begin with 45 young Ghanaian Entrepreneurs selected.
The event, which is being organized by Boost Media in collaboration with the real estate company Optimum Homes, will give young Ghanaian entrepreneurs the chance to obtain the crucial cash for their business endeavors.
In order to greatly lower the chance of startup failure and enhance their business success in the business sector, the chosen applicants will receive mentorship programs and other support services.
The competition, which has a GH₵;10,000 grand prize, is intended to inspire, cultivate, and promote the entrepreneurial culture and spirit among young Ghanaians. It is also expected to help increase job creation and alleviate poverty in the nation.
It is also expected to boost the socio-economic development of the country through the creation of successful businesses and employment.
Entrepreneurs, according to the competition’s organizers, are the engines behind any society’s growth and constructive transformation. This reality led to the motivation for the formation of the “Ghana’s Ultimate Entrepreneur Competition,” which was inspired by the apparent lack of a meaningful effort in Ghana targeted at finding, empowering, and promoting young Ghanaian entrepreneurs (GUEC).
According to the Chief Executive Officer of Boost Media, Assistant Professor Dr. Cynthia Addae, the competition is a reality nationwide entrepreneurship competition, it is intended to elicit, develop, and showcase the latent innovative ingenuity and entrepreneurial spirit in Ghanaian youths in order to realize a more general goal of nation building.
Accordingly, the contestants will be given a set of tasks which they will have to complete in the course of the competition.
Also, during the period of the competition, the contestants will develop and sharpen their entrepreneurial skills as they complete different tasks and progress through the different stages of the competition.
Specific criteria for evaluation and judgment include entrepreneurial vision, feasibility, innovation (technology integration), profitability, scalability, social impact and sustainability.
