Ghana Starts Up – The Annual Startup Report
Ghana For Startups defines a startup as a company that is five (5) years or less old. It has to have a product and/or service and/or business model. The startup has to aim to scale up (intention to grow the number of employees and/or turnover and/or markets in which they operate). They should be registered as a limited liability or partnership.
Registration into the network is for Startups and they can choose to be represented by any team member per their discretion.
Although there exists a ton of startup organizations in the country, the Ghanaian startup landscape is pretty obscure. There is a lack of documentation detailing startups in different segments, growth potentials, fundraising rounds, and executives of the teams, industry-specific challenges of various startups, gender balance in the ecosystem or legal and policy issues.
The Ghana Startup Report would profile starts and investor opportunities in the country, and other relevant details from fundraising to challenges and opportunities, critique government policies affecting the ecosystem and provide meaningful recommendations.
With Ghana’s climb on the continental economic ladder, we believe that startups would play a critical role in the sustenance of economic growth.
The Ghana Startup Report would profile starts and investor opportunities in the country, and other relevant details from fundraising to challenges and opportunities, critique government policies affecting the ecosystem and provide meaningful recommendations.
With Ghana’s climb on the continental economic ladder, we believe that startups would play a critical role in the sustenance of economic growth.
Founders’ Lab
Founders Lab would design experiences for the best, brightest and motivated individuals who are willing to start enterprises to meet like-minded individuals with similar interests to hopefully co-create the country’s next biggest startups. Globally more than 70% of startup entrepreneurs believe that finding the right co-founders is the make or break factor for successful or failed startups. In Ghana, the odds of meetings someone amongst the ton of startup events who would be willing to partner with you to start a company is minimal because no events exists particularly to create an avenue for people to achieve that goal. With Founders Lab, we match the most diverse group of motivated and kindred entrepreneurial spirits to work in teams, interact and solve problems. We build environments that inspire teamwork, partnership and innovation and allow people to form experiential bonds that would lead them to co-create their dream companies together.
Funders’ Hack
The dynamics of fundraising are different for entrepreneurs in different markets, economics and countries. This makes the cookie cutter, one-size fit all, brilliant yet alien YouTube Videos on funding seem almost useless to startup entrepreneurs in Ghana. Locally curated content and exposure to fund raising opportunities is a great-ignored need. Funders Hack would bring to founders expert knowledge on all they need to know about fundraising in Ghana from meeting VCs to understanding due diligence.
Startup Legal
It is not uncommon to find lawyers in countries like the United States of America dedicated to startups with a vast amount of knowledge in the inner working of tech companies, filings, taxes and even stock options pool. If we are priming Ghana to be a hub of entrepreneurial disruption in Africa, then the gap between founders and lawyers, and for that matter, legal and industrial frameworks must be bridged. In the very near future, we envision that if this obvious gap is not closed, many basic legal disputes that could have been easily been prevented would lead to the downfall of some of the most aspirational startups and entrepreneurs. As both a preemptive and educational program, Startup Legal would promote basic legal knowledge amongst startup founders, build partnerships with supportive legel firms and connect them to startups and entrepreneurs.