Believe Begin Become 2007 launched

Ghana’s National Business Plan Competition for this year, dubbed “Believe Begin Become 2007” has been launched in Accra. The Google Foundation and Ghana’s private sector are co- funding this national entrepreneurship development programme being managed by TechnoServe.Google Foundation is the philanthropic unit of Google.com and TechnoServe, a US based non-profit organization. Believe Begin Become, now in its second year helps businesses thrive and grow by providing a comprehensive programme that includes the skills, tools and network entrepreneurs need to succeed in the formal private sector. The application period for Believe Begin Become 2007 opened on February 8, 2007 until March 23, 2007. The Country Director of TechnoServe, Mr. Nick Railston-Brown noted that it is only the private sector as an engine of growth that can provide sustainable jobs. He recalled that 15% of the applications received last year were from women, which translated into 30% of the winners being women, saying that it is encouraging. “We are pleased that entrepreneurs are recognizing the values of this opportunity to gain skills, tools and a strong business network.” Applicants are required to be Ghanaian citizens of at least 20 years of age and propose an expansion of an existing business that is or will be based in Ghana. They must also propose a business with growth potential that will result in at least 10 new jobs, $75,000 in investments and $100,000 in sales by the end of the two years. Those proposing an expansion of existing business must currently employ not more than 250 employees. Industry categories include energy, (alternative energy products and services), agribusiness and processing and tourism. The rest are private sector solutions to health, water or education and technology (both high and low technology products and services.) A total of $100,000 in seed capital will be awarded across the top entrepreneurs. An organizing committee made up of Ghanaian individuals who embody the characteristics and accomplishments of a successful entrepreneur serves as an advisory board to the TechnoServe implementing team. Other programme benefits include sensitization to entrepreneurial mindset, networking and detailed feedback on business concept, plan and presentation. Joyce Oppong, a Believe Begin Become 2006 winner speaking on the value of the programme described the programme as a timely initiative that helps entrepreneurs to recognize what they need and address the gaps. “The programme assists one to believe her dreams and realize them. Indeed it is a channel through which ideas begin to become a business.” Ken Ofori-Atta a member of the organizing committee stated the need for the private sector to take advantage of the current favourable business environment to develop the country.