Small and Medium Enterprises (SMEs) and business startups operating in the Financial Technology (fintech), agribusiness, manufacturing and the green business sector have been offered the opportunity to reach maximum potentials through the Stanbic Business Incubator, which has been opened to support SMEs.
Startups in the above mentioned sectors according to Stanbic Bank Ghana, have the opportunity to approach the incubator to get advisory services, working space, legal services, finance services and marketing services.
Speaking to Goldstreet Business, the Head, Digital Transformation at Stanbic, Mr. Patrick Quantson, said, “Stanbic Bank believes the way to grow the Ghanaian economy is to offer an enabling environment for young businesses to thrive. That’s the reason why we have done this in collaboration with our partners.”
The incubator, he noted, would help SMEs in providing access to market for young startups, finance, and free advisory services.
Instructively, the initiative will also serve as platform for bringing together specialists in the ecosystem through the provision of a set of services to young businesses.
The Stanbic incubator which was begun four years ago, has impacted over 2000 young people. The initiative which has also trained about 300 women, has placed a lot of youth in internship.
Currently, about 18 companies which are beneficiaries of the incubator project, are doing business with Stanbic Bank.
Chief Executive of Stanbic Bank Ghana, Mr. Alhassan Andani, said the incubator which has been operating for two years without a physical space would further deepen the concept of what the bank seeks to achieve through the opening of the physical space.
He noted that some mentees of the project have showed strong signs of competing in major sectors of the economy, particularly in the financial sector.
“We want to extend our appreciation to our partners including Busy Internet, Oracle, Vodafone Ghana among others for this initiative” he said.
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