General News of Thursday, 8 May 2025
Source: www.ghanawebbers.com
A non-governmental organization, Partnered Advisory, has launched the Investor Magnet Launchpad. This initiative aims to help entrepreneurs gain skills to secure investments.
The program provides practical training for entrepreneurs. It helps them understand what investors expect and how to attract funding.
According to Innovation Spark, startups in Ghana raised $121 million in 2024. This is a 95 percent increase from the previous year.
Diane Akuffo, the Lead Facilitator of the training, spoke to the media. She noted that many early-stage ventures are not prepared for investment.
This lack of preparation creates a gap between founders and funders. As a result, entrepreneurs struggle to access necessary investments.
“Many promising ideas fail to get funding,” she said. “It's not due to lack of potential but poor presentation.”
Akuffo explained that training sessions covered key topics. These included refining business models and avoiding investor red flags.
Participants also learned how to create compelling investment pitches. They explored alternative funding options beyond traditional venture capital.
“As Ghana’s entrepreneurial ecosystem grows, clarity and structure are essential,” she added. Startups need solid growth strategies to attract and manage investments effectively.
The Investor Magnet Launchpad aims to develop investment-ready startups. It equips entrepreneurs with practical tools and insights for success.
With sectors like climate innovation rising, preparing founders is crucial now more than ever.