5 Women Owned Startups Awarded GHC 495,000 In The Standard Chartered Women In Technology (SCWIT) Cohort 2 Programme

On the 4th October 2022, Standard Chartered Women in Technology Incubator programme (SC-WIT) Cohort 2 has awarded GHC 90,500 each in seed funding to five women-owned businesses to scale up their business operations.

The programme is a business incubator specifically designed to provide business support for women-owned businesses that leverage technology as part of the bank’s commitment to creating opportunities for female entrepreneurs whilst contributing to bridging the gender gap.

The entrepreneurs have been through a nine-month-long incubation programme that comprised business advisory and financial interventions, including a highly acclaimed high-value Mini MBA programme managed by Ashesi University’s Ghana Climate Innovation Centre.

The entrepreneurs also had the opportunity to pitch their businesses to a panel. Five of the most outstanding businesses received a financial grant of the cedi equivalent of $10,000, to scale up their business.

The five winners are:

Farmio Limited: An innovative agribusiness company focused on providing tech-enabled agribusiness investment solutions for people interested in building sustainable and profitable agricultural businesses. Farmio has its main objective of maximizing value for its key stakeholders who contribute towards our greenhouses. The business builds and manages greenhouses while guaranteeing market access for its produce through its major partnerships at premium prices.

Bood Company Limited: An agribusiness that began operations in 2019 and has three co-founders. The company is legally registered and licensed as a commercial Agribusiness under the Ministry of Food and Agriculture’s, Savannah Investment Project. BOOD specializes in the production of maize and other cash crops such as cashew and shea in rural communities.