Ghana

Competition

Entrepreneurship

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) - Innovation Factory Challenge 2022 Movemeback African initiative cover image

Details

The Innovation Challenge is an opportunity for early-stage innovators who have digital innovations that adress social and environmental challenges and are keen to develop a sustainable business model around their digital solutions. Winner teams will receive access to the digital innovation launcher programme from Innovation Factory to refine their ideas and prototypes to the generation of a viable business plan and to launch their digital innovation for sustainability. 

The government of Ghana has a vision to increase affordable and good quality financial services that meet the needs of Ghanaians. This vision is expressed in the National Financial Inclusion and Development Strategy (NFIDS) roadmap of reforms and innovations. Aligning with the 2030 Agenda for SDGs’ tenet of leaving no one behind, the Innovation Challenge for Ghana seeks to support digital innovations and solutions that promote financial inclusion. 

Examples include innovations that support financial inclusion of marginalised groups like people living with disabilities or rural women groups, support financial literacy initiatives, enabling easier access to savings accounts and payment services, as well as reducing barriers to obtaining insurance and loans.

 

Criteria

  • Open to startups in Ghana
  • They should be able to submit digital innovations for sustainable development 

Benefits

Winner teams will receive access to the digital innovation launcher programme from Innovation Factory to refine their ideas and prototypes to the generation of a viable business plan and to launch their digital innovation for sustainability and access to;

  • Access tools to help you launch your sustainable business idea
  • Build a support network to assist with your digital innovation start up
  • Receive professional support from experienced entrepreneurship expert
  • Exchange with peers who similarly strive to generate socio-environmental impacts.

About Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)

As a service provider in the field of international cooperation for sustainable development and international education work, we are dedicated to shaping a future worth living around the world. GIZ has over 50 years of experience in a wide variety of areas, including economic development and employment promotion, energy and the environment, and peace and security. The diverse expertise of our federal enterprise is in demand around the globe – from the German Government, European Union institutions, the United Nations, the private sector and governments of other countries. We work with businesses, civil society actors and research institutions, fostering successful interaction between development policy and other policy fields and areas of activity. Our main commissioning party is the German Federal Ministry for Economic Cooperation and Development (BMZ).

The commissioning parties and cooperation partners all place their trust in GIZ, and we work with them to generate ideas for political, social and economic change, to develop these into concrete plans and to implement them. Since we are a public-benefit federal enterprise, German and European values are central to our work. Together with our partners in national governments worldwide and cooperation partners from the worlds of business, research and civil society, we work flexibly to deliver effective solutions that offer people better prospects and sustainably improve their living conditions.