A team of students from Regent University College of Science and Technology have emerged 2nd runner up in the third edition of the Presidential Pitch Competition, and have been awarded a seed capital of GHS 50,000.
The Presidential Pitch, is a business idea competition designed and organized by the Ministry of Business Development of the Government of Ghana in partnership with the National Entrepreneurship and Innovation Plan (NEIP).
The competition targets Ghanaian youth between the age of 18 to 35, and seeks to curb the unemployment rate in Ghana by supporting young entrepreneurs with funding to boost their businesses for job creation.
Pitching the business idea of an organic weedicide product named ‘Verdant’, the Regent team comprised of Cornelius Nyonator (Management with computing, Level 300), Mohammed Tijani, BSc (Computer Science, Level 200), Theresah Quartey, Level 400 (Human Development and Psychology), and Derrick Ofori, (Management with Computing, Level 100).
Participants in the Presidential Pitch competition were shortlisted from over 500 applications from across Ghana, outlining various business proposals. 23 teams were shortlisted from these applications. Shortlisted startup businesses were selected and assessed based on their innovativeness, feasibility, impact, and scalability.
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In the first round of the competition, the Regent team (Team Verdant), pitched its idea to a panel of judges at the Ministry of Business Development, qualifying as a top 10 finalist. After three rounds of business idea pitching, the team was selected as a top 5 finalist, emerging second runner up, at the grand finale.
Present to grace the grand finale, which took place at Mövenpick Ambassador Hotel, was the President of the Republic of Ghana, Nana Addo Danquah Akufo Addo.
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