The National Entrepreneurship and Innovation Programme (NEIP) has begun the training of 12,000 applicants under the NEIP Business Support Programme in all 16 regions of the country.
The 30-day training which forms part of the President’s support for entrepreneurs and budding business seeks to provide integrated, nationwide support for start-ups and small businesses.
President Nana Addo Dankwa Akufo-Addo on August 7 last year awarded 1,350 entrepreneurs, young businessmen and women with cash (grant) ranging from GH₵10,000 to GH₵100,000 to either start or expand their businesses under the NEIP Business Support Programme.
The NEIP Business Support Program is an initiative by the government under the Ministry of Business Development to support unemployed Ghanaian youth through training and funding. Additionally, the aim is to assist them to set up their businesses and boost existing ones.
In a press statement dated September 10, 2019 and signed by its Head of ICT and Media Relations, Mr Joseph Osei Oppong Brenya, NEIP indicated that 3,000 out of the 12,000 trainees would be shortlisted receive support for their businesses at the of the training.
“After an online application process this year, 12,000 people applied and are currently going through training at incubations hubs scattered across the country. The training which will last for 30 days will equip the applicants with the needed skills to be able to run their business.
“After the training, the hubs will recommend 3,000 entrepreneurs for funding. The hubs will be required to know the trainee businesses very well in terms of their value proposition, products or service innovation, business location and their financial performance.” the statement said.
It further cautioned the public against potential fraudsters who would want to take advantage of the system to dupe unsuspecting members of the society, adding that they should be reported without hesitation.
“The NEIP training is free after the initial online registration. No one should, therefore, pay money to be assisted or trained. The programme is free and report anyone who will request or demand payment of any form to help facilitate your selection for funding to the nearest police station or the office of NEIP at Cantonment, Nii Amarmah Ollenu street, adjacent,” the statement intimated.