The Vice-chancellor of the Kwame Nkrumah University of Science and Technology (KNUST), Professor Kwasi Obiri-Danso has donated an amount of GHc 100,000 as start-up capital to support two students of the university who emerged winners of the presidential pitch season II, a business competition aimed at encouraging budding entrepreneurs.
The two students, Emily Otoo Quayson and Matilda Sampong from the College of Engineering and Business Administration faculty respectively received a cash prize of 60,000 Cedis as their investment package and 40,000 cedis personal donation from the Presidents of Ghana His Excellency Nana Addo Danquah Akuffo Addo after winning the competition in August 2019.
The two first came to light in April this year at the Women in Engineering (WINE) competition organized by the former women’s commissioner of the College of Engineering.
Professor Obiri-Danso in offering the donation indicated that the University would provide office space, production site, machinery and other required assistance needed for the production of the winning product, Floyabana Pad.
‘As a University, we are ready to give all the support needed to champion this. I am hopeful that the winners would develop the product into a competitive brand for the good of Ghanaians,’’ he stated.
Miss Emily Otoo on behalf of her group expressed gratitude to the management of the University for the wonderful gesture.
‘’The pressing needs of upcoming entrepreneurs is lack of office space and start-up capital. I promised that the University’s support would be put to good use,’’ she said.
The Vice Chancellor, Prof Kwasi Obiri Danso has donated a start up capital of GH 100,000 to Miss Emily Otoo Quayson and Miss Matilda Asantewaa Sampong, winners of the Presidential Pitch Season II Competition. The winners expressed gratitude to the University management. pic.twitter.com/Yq4FQnTjFZ
— KNUST (@KNUSTKumasi) August 16, 2019