The Chief Executive Officer of the National Entrepreneurship and Innovation Programme (NEIP), Eric Adjei, together with his deputy and the NEIP management team, has held strategic talks with the Venture Capital Trust Fund (VCTF) to strengthen collaboration aimed at supporting beneficiaries of the Adwumawura Programme.
The meeting focused on developing sustainable financing pathways to enhance the long-term viability, scalability, and economic impact of businesses emerging from the programme.
Both institutions highlighted the need to move beyond short-term grants by establishing structured financial support systems that will enable young entrepreneurs to build competitive, job-creating enterprises capable of making meaningful contributions to Ghana’s economy.
As part of the renewed partnership, the VCTF reaffirmed its commitment to serve on the Grant Management Committee and disclosed plans to establish a dedicated Adwumawura Fund.
The proposed fund will specifically target high-impact businesses graduating from the programme, ensuring continuous financial backing beyond the initial grant phase.
According to Eric Adjei, the initiative is intended to prevent promising startups from being abandoned after receiving seed funding, but rather support them through key growth stages with patient capital and technical guidance.
The collaboration aligns with President John Dramani Mahama’s RESET Agenda, which prioritises sustainable job creation, youth empowerment, and private sector-led economic transformation.
NEIP management expressed optimism that the strengthened partnership with VCTF will significantly improve access to capital for young entrepreneurs and accelerate the development of resilient businesses across the country.
Story: Nyamebeye Kofi Ansah Sasraku