UMaT Business Incubation Hub
U-Hub seeks to develop, nurture and grow business ideas and innovations at UMaT and its immediate environs by facilitating the transformation of staff and students innovations into businesses and linking the products and services with industry for uptake
UMaT Launches Business Incubation Hub
The University of Mines and Technology has launched its Business Incubation Hub (U-Hub). The event took place on 25th March 2021 together with the launch of the Hub’s maiden project, the GrEEn Business Incubation Project. UHub is one of the University’s strategies at advancing its research and extension services. The Hub seeks to develop, nurture and grow innovations and business ideas at UMaT and its immediate environs by facilitating the transformation of staff and students innovations into businesses and linking the products and services with industry for uptake. The aim of the Hub is to contribute to the production of entrepreneurial graduates to create jobs and to bridge the unemployment gap in the country. The Hub also organises tailor made entrepreneurship and other capacity building programmes for micro, small and medium enterprises as well as organisations and institutions. For more information and enquiries, call 0242787877 or 0200439013.
UMaT Signs Memorandum of Understanding with Stanbic Bank Ghana Ltd
UMaT and the Stanbic Bank Ghana Ltd have signed a Memorandum of Understanding to collaborate in activities of the Stanbic Aspire Business Academy. The Academy aims to build capacity of students of Ghanaian tertiary institutions to have a better understanding of who they are as individuals and as business owners, refine their business ideas and gain clarity to tackle the next steps and establish the right structures and processes for their business.
The VC, Professor Richard Amankwah, stated the University’s position on student entrepreneurship as a core objective in alignment with contemporary university training. He indicated that UMaT was not just about training engineering students to earn degrees, but additionally acquire skills and knowledge that would enable them create jobs for themselves and employ others upon graduation. This, he added, was the motivation for the establishment of the UMaT Business Incubation Hub (U-Hub).
He observed that a strategic partnership between UMaT and Stanbic Bank Ghana Ltd in respect of student entrepreneurship was one of the surest ways to actualizing the University’s dream of training students to become entrepreneurs.
On the part of Stanbic Bank Ghana Ltd, the Manager, Western Commercial Suite, Joseph Tunde Boateng, stated that the bank had decided to partner traditional and technical Universities to leverage the young talented minds of students, enabling them to develop their ideas into businesses. The establishment of the Stanbic Business Incubator Initiative is thus the special purpose vehicle of the Bank for transforming student ideas into businesses through support for their ideas and acquisition of entrepreneurial skills. The aim of Stanbic is to help students eventually own businesses, create jobs, create wealth and ultimately contribute to growing the Ghanaian economy. The MoU between the Bank and UMaT is to provide a springboard for contributing to bring this dream into
GrEEn Business Incubation Project
- The program is targeted at Youth, women and returning migrants.
- Businesses must be in the Agriculture, Renewable Energy Water, Sanitation and Hygeine (WASH) Sectors.
- 6 months business development support
- Access to industry experts
- improved access to funding
- investment readiness