Ghanaian Startups Called To Apply For The Ghana Startup Scaling Fund


May. 31, 2021

Ghana Tech Lab, with support from Truzt Venture Partners, has launched the first cohort of the Ghana Startup Scaling Fund (GSSF).

The GSSF is opened to startups who have participated in GTL’s Base Innovation Program. The GSSF has been established to provide a haven for Ghanaian startups to secure tailored financial options and investments at low or zero interest rates.

Through the GSSF, chances of startups succeeding are high. Concurrently, Ghana’s entrepreneurship and startup ecosystem will be stronger post-pandemic.

On Truzt Ventures Partners’ side, the angel investor will provide the startups with fund managers to coach them on fund utilization. They will ensure that startups frugally use the funds to increase productivity and profitability.

Speaking on the launch, Managing Associate Harriet Obour entreated the startups to be thorough with their documents. She elaborated that the correct, attractive, and detailed documents would allow for easy access to funds.

Hence, startups must have a strong pitch deck and must have a frugally planned budget. They must also have existing traction and a correct sales record.

Norbert Dziwornu, the co-founder of Startup Accra, also enlightened the startups on bootstrapping. According to him, bootstrapping should be the first action every startup should consider. He said that bootstrapping opens the door to tractions, new markets, and networking opportunities. In his words, funding only cushions startups to a point but access to new markets and partners creates an opportunity for sustainability.

Startups who are interested should click on the link

End date: Jun 04, 2021

tag: Funding, Ghana Tech Lab, Startup, Ex-Funds,