News & Events
New Initiative
Monday, October 6, 2010
The L'AINE Foundation to start an initiative targeting young Ghanaian entrepreneurs in rural communities in Ghana. Launching the initiative for a feasibility study to be started, the, C.E.O of the L'AINE Foundation Mr. Ato Tandoh said ‘‘The initiative will offer packages of assistance to young existing and would-be entrepreneurs in local communities in Ghana, complementing training with advisory services, mentorship, and access to finance for young entrepreneurs’’.
According to the C.E.O, in order to strengthen the sustainability of this initiative, all enterprise support services will be offered through existing local providers like business associations, youth-led organizations, private consultancies and training providers or public agencies to provide direct training to young entrepreneurs.
Key areas of intervention will include
(i) training for future entrepreneurs,
(ii) embedding entrepreneurship education in the school system,
(iii) business plan competitions,
(iv) access to finance, including micro-credit schemes,
(v) strengthening evidence-based advocacy through impact assessments and youth business climate surveys and
(vi) launching a Youth Opportunities Fund.
The initiative will assist young entrepreneurs – existing and would-be – in developing bankable business plans and accounting skills and provide them with access to finance, a business network and mentors as well as basic infrastructure such as access to the internet, computers and printers. The initiative will promote a culture of entrepreneurship and ensure that activities take place within potential high-growth sectors. That way, sustainable enterprises will be developed in sectors where income is proven by market research or value chain analysis ''Said Mr. Ato Tandoh, C.E.O L'AINE Foundation".
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