Frequently Asked Questions - Tema Innovation Centre
Q1: What is a business incubator?
A1: A business incubator is an organization designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services that could include physical space, capital, coaching, common services, and networking connections.
Q2: What is the Tema Innovation Centre?
A2: The Tema Innovation Centre is a business incubator that focuses on training unemployed graduates to become resilient founders and turn their business ideas into thriving and sustainable ventures.
Q3: Is the 3-month founder in training programme online or in person?
A3: The programme is conducted in person to facilitate hands-on experiences, face-to-face mentorship, and networking opportunities that are critical for building a successful business.
Q4: Who can apply for the founder cohort programme?
A4: Fresh graduates living in Tema and its surrounding areas, who are keen on entrepreneurship and wish to start or grow their own startups, are welcome to apply.
Q5: What are the benefits of joining the Tema Innovation Centre's programme?
A5: Benefits include seed capital of GH₵10,000 for the top founder(s), a monthly stipend for all participants, tailored business skills development, and mentorship from industry experts.
Q6: How can I apply for the founder cohort programme?
A6: Applications can be submitted online through our website at www.temainnovationcentre.org/apply, and further assistance is available by calling 054-602-6376.
Q7: Are there any fees to participate in the programme?
A7: No, the programme is completely free for all participants, thanks to our partnership with Incube Africa.
Q8: What is the deadline for application submissions?
A8: The specific deadline will be published on our website and through our official communication outlets. We advise prospective participants to apply promptly to secure a place.
Q9: What kind of commitment is required from participants?
A9: Participants are expected to fully engage with the programme's activities, workshops, and networking events, and dedicate their time to developing their business over the 3-month period.
Q10: What will the programme's business skills development cover?
A10: The development sessions will cover business planning, financial management, marketing, pitching, legal aspects of business, and other key entrepreneurial skills.
Q11: Can I work or attend school while participating in the programme?
A11: Due to the intensive nature of the programme, it is designed for individuals who can commit full-time to their business development during the 3 months.
Q12: Will there be an opportunity to network with investors and industry experts?
A12: Yes, networking is a fundamental part of the programme, providing opportunities to connect with investors, industry experts, and potential business partners.
Q13: How is the seed capital of GH₵10,000 awarded to participants?
A13: The seed capital is allocated in portions tied to the achievement of specific milestones in the programme, ensuring effective use towards business development.
Q14: What happens after the 3-month programme?
A14: After the programme, graduates are expected to have developed the skills to run a sustainable business. Alumni will also have access to our network for ongoing support and opportunities.