Business Accelerator
Our business accelerator program focus on non-hardware startups program, provides complete startup support services for early stage startups to help achieve growth, contributing to the sustainable socio-economic growth of Africa.
The Business Accelerator program is open for applications from ambitious impact startups seeking growth.
OUR STARTUP SUPPORT APPROACH
Our approach is holistic, combining services to clients to increase the contribution that entrepreneurs can make to the economy including underserved segments such as women owned businesses.
BASELINE SURVEY/DIAGNOSTICS
This is to assist the team to deepen their understanding of the entrepreneurs and their ventures and also design a comprehensive business development services tailored to meet their specific needs because we deem it critical that the project focus on activities that are targeted at achieving the desired levels of growth and scaling the 20 ventures.
It is important that the right foundation is laid to ensure the independence, growth and sustainability of these enterprises when the project eventually ends.
MARKET ACCESS
Our BDS services goes beyond market testing to focus on the execution of real sales, growth, and profitability.
Our consortium also provide support directed at helping SMEs to identify and access growing markets, large and including export markets where possible as well as helping SMEs to manage both legal and technical issues relating to negotiations, sales deals, cash flows requirements, etc.
PRODUCT DEVELOPMENT
During this stage beneficiaries are given the needed guidance and support towards the full development of their respective products, with a view to optimizing product quality, usability, packaging, etc.
Each enterprise is also provided with the required technical guidance and support to meet regulatory standard requirements and acquire the required certifications for their respective products in their respective country of operation such as FDA, Business registration certifications, etc.).
ACCESS TO FINANCE
SMEs are supported to develop financial and investment strategies in sync with their specific needs and growth plans.
We also leverage on existing relationships with investor community and engage public sector institutions involved in the development of small businesses and the broader entrepreneurial ecosystem, link SMES to funding and and where possible other forms of support.
MENTORING & COACHING
As part of our BDS services all SMEs receive both one-on-one coaching and group coaching. SMEs are allowed to bring their team members to the one-on-one coaching sessions if they desire.
During coaching and mentoring sessions, entrepreneurs and SMEs gain access to our pool of mentors and coaches where they are given the necessary skills to gain a clear understanding of running their respective companies and develops skills specific to their business.
EXIT PLANNING
As the program draws to a close and entrepreneurs prepare to exit, they need to have a clear plan to keep themselves focused on the right priorities and continuing to grow their business after the formal BDS training has ended.
Many startups make significant progress while in structured support programs and then begin to lose momentum once the support ends. The key reason is the lack of accountability, someone to hold them to reaching their targets.
During the Exit planning workshop entrepreneurs and SMES discuss and come up with strategies individually and as a group to avoid the post-support slump.
Projects
UNCDF CROWDFUNDING PROJECT
YEAR: 2020 – ONGOING
Many young entrepreneurs look to family and friends for start-up funds for their businesses and crowdfunding offers the possibility of pooling these funds in a formal structure to build a financial history that will allow financial service providers to better engage these entrepreneurs.
Ghanaians, as the second-highest recipients of remittances in Sub-Saharan Africa, are particularly well positioned to capitalize on remittance flows through a crowdfunding platform.
With a target of 2500 beneficiaries, Kumasi Hive is the implementing partner in the Ashanti Region focused on providing entrepreneurship and incubation training to the selected applicants for each cohort.
PARTNERS / CLIENTS
N.B.S.S.I ICE ENTREPRENEURSHIP TRAINING
YEAR: NOVEMBER 2020 – ONGOING
ICE – innovation, Creativity and Entrepreneurship – Unemployed graduates and selected out of school:
Duties Performed by Kumasi Hive:
Train and equip 273 entrepreneurs and SMEs with entrepreneurship and business leadership skills.
PARTNERS / CLIENTS
YEA & NEIP HUMAN CAPITAL TRAINING
YEAR: APRIL 2020
PARTNERS / CLIENTS
SNV GrEEN COVID 19 Challenge
YEAR: JUNE 2020
As an implementing hub in this entrepreneurship Programme, Kumasi Hive was responsible for selecting 3 entrepreneurs whose works are in relation to combating COVID-19 and providing online and offline entrepreneurship support services (training and mentoring/coaching) while supporting the development of their prototypes and production.
PARTNERS / CLIENTS
SNV GrEEN ONLINE INCUBATION PROGRAM
YEAR: JUNE 2020
Over the course of the incubation program, entrepreneurs were trained and equipped with the required skills to work through 8 interactive tools to develop different aspects of their business plan using the Bridge for Billion platform – a virtual business development platform for entrepreneurs which provides a visual business plan which entrepreneurs can fill key information.
PARTNERS / CLIENTS
BRIDGE THE GAP
YEAR: DECEMBER 2018 – APRIL 2019
30 young ladies went through a month of skills training then partake in a design thinking-based Hackathon for specific application of their acquired skills to a specific industry or industries.
Selected teams get seed funding and incubation support to begin their startup whiles the program offers internship opportunities with relevant industrial partners.
PARTNERS / CLIENTS
JOBS FOR YOUTH MIGRATION AND EMPLOYMENT PROJECT (JYMEP)
YEAR: JANUARY – OCTOBER 2019
The Programme aimed to support 3200 unskilled young men and women including returning migrants to create employment opportunities for themselves and others leading to sustainable livelihoods. Kumasi Hive recruited and provided training to 500 Unskilled youth, unemployed graduates and returned migrants from the Diaspora, equipping them with competent skills in matured/emerging technologies, guided the development of innovative product using Design thinking, graduated early stage startup (with piloted product/service and business model) and provided employment opportunities through partnered internship program.
90 startups were provided with Business Development services through our incubation program to develop and improve their businesses/prototypes while 24 were further assisted with seed funding amounting to $13,00.00.
PARTNERS / CLIENTS
Startups
DEXT TECHNOLOGIES
Practical science education in a box
INVENT ELECTRONICS
Electronic Components
FAITH TECH GHANA
Drip irrigation & mulch technology to grow vegetables with little water
GRAB A CUP
Your Morning Inspiration
Impact

120
Employed Businesses

50
Sales Increase

12
Profits Growth

10000
Funding Raised

35
Partnership Secured
