VC’s Innovation and Entrepreneurship Challenge

Background

Over the years, graduates from  universities look up to the government and the few opportunities existing in the private sector for job placement. This has resulted in graduate unemployment making it a serious challenge in our nation and the world at large. Research has proven that a greater number of these graduates have brilliant and great dreams, ideas, and plans which can be implemented  and lead to job creation when they are mentored and supported.

The Directorate of Research and Innovation in collaboration with the Centre for Entrepreneurship and Innovation Development (CEID) and the Bussiness Development Unit of Koforidua Technical University presents the  1^st “VC’s Innovation and Entrepreneurship Challenge”. The challenge, we believe will cause our students to be more creative and will be geared towards problem solving other than looking up to others for solution to issues.

The Challenge

Do you have a  concept  or  a solution that addresses a societal problem or need and has the potential to be translated into a business, then here is an opportunity to submit your  idea as a team for review. To participate in the VC’s Innovation and Entrepreneurship Challenge, submit your concept to the Administrator through dri@ktu.edu.gh  not later than Friday, 29^th  March, 2019. Each of the top three teams shall receive an amount of 5,000 Ghana Cedis, mentored and supported to set up their bussinesses.

Eligibility Criteria

• The challenge is open to all KTU students and alumni. However, KTU students may partner non-KTU students in a team but the number of non-KTU students should not be more than 25% of the team membership.
• The challenge will be team based and each team should consist of 2 to 4 members. Interdisciplinary and gender sensitive team membership is recommended.
• Each team can present only one idea/concept.
• Teams/students will not pay any fee to participate in the challenge.
• To enter into the challenge teams have to register and submit a 5 to 6 powerpoint slide or pdf presentation of their idea/ solution to specific societal challenges. Your presentation should capture the names and contact details of the members.

Evaluation

The evaluation of the proposals will be done as indicated below:

• Juries will be formed to evaluate the ideas presented.
• Two rounds of evaluation are proposed. At round one, the Jury will consist of 5 members of staff of KTU and two (2) persons from industry. This will be preceded by an initial presentation of ideas before meeting the main assessment team.
• The team will orally present their submitted ideas through a powerpoint presentation.
• The judgement of the Jury will be based on uniqueness of idea, its ability to address the identified problem, practicability, innovativeness, simplicity, job or business creation prospects and how convincing the presentation is. The Judges decision in all rounds are final and cannot be appealed. After round one, only the top ten short listed teams will qualify for round two.
• In round two, the participating teams will be mentored and given guidance for them to submit and present more detailed solution to their ideas. The Jury will consist of four (4) staff of KTU and three (3) persons from industry. At the end of the round the top five will be selected, awarded with seed money, supported to set-up their businesses and incubated .

 Timelines

Clink here to Register