The Institute of Applied Science and Technology (IAST), University of Ghana, has signed a Memorandum of Understanding (MoU) with Global Entrepreneurship Network, Ghana (GENG). This MoU is aimed at identifying opportunities in entrepreneurship, mentorship, product development, innovation and facilitating access to markets. Even though the MOU had been signed earlier by Prof. Francis Dodoo, former Pro-Vice Chancellor on behalf of the University; and Mr. Stephen William Gyasi-Kwaw, Country Founder and Managing Director for GENG, the exchange of the MOU by the two parties recently took place at a brief ceremony at the University of Ghana on Monday, 10th August, 2020.
GENG is a member of the Global Entrepreneurship Network which operates in over 160 countries. It is a social enterprise company that promotes entrepreneurial development programmes aimed at harnessing young people to initiate and scale up sustainable businesses.
During the ceremony, the Director of the Institute of Applied Science and Technology, Prof. George Oduro Nkansah on behalf of the University gave a background to the collaboration. He indicated that the rationale behind the MoU was for both parties to partner and build the entrepreneurial and innovative capacity of students. Prof. Nkansah noted that the Institute was established at the University of Ghana with a mandate to bridge the gap between academia and industry. He was thus elated at the partnership since it is expected to build the capacity of students by increasing their entrepreneurship zeal to identify and harness innovations that are ready for development. Prof. Nkansah expressed the University’s willingness to support the initiative in every way possible.
The Country Founder and Managing Director of GENG, Mr. Gyasi-Kwaw, expressed his profound gratitude to the University for its support in making the partnership a reality. He was of the view that the collaboration served as a milestone for GENG as it partners the premier University to engage its students and alumni. He disclosed that GENG has become the first among its members in the over 160 countries to achieve such a collaborative feat adding that the international membership, especially the Global President, was delighted at this engagement and had thus expressed the willingness to offer the needed support and resources. He noted that this landmark initiative was worth celebrating as it aims to position the University of Ghana as an entrepreneurial University that produces the next generation entrepreneurs and innovators.
The Dean of the University of Ghana Business School (UGBS), Prof. Justice Bawole, expressed his excitement at the partnership which will strengthen the relationship between the Business School and GENG. He reiterated the readiness of the UGBS to put in place the needed structures to accelerate and sustain the partnership. He added that globally, universities are considering revising the curricula of both postgraduate and undergraduate programmes to include entrepreneurship and work ethics. Dr. George Acheampong, a lecturer at the UGBS stated that once the framework had been agreed, their team was ready to start work with the assurance that they would churn out the next wealth creators and innovators from the University.
Also present at the ceremony was Mr. Kamil Napong, an associate of GENG, who expressed his excitement at the collaboration and looked forward to the commencement of activities. The ceremony was facilitated by Dr. Henry Ofosuhene Sintim, Research Fellow and Mrs. Rodarling Neequaye, Assistant Registrar, both of IAST.
The MOU was submitted by Prof. Nkansah on behalf of the University to Mr. Gyasi-Kwaw, Managing Director of GENG. Participants from the Business School joined the ceremony via a virtual platform.