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Seminar of the Network of African Higher Professional Competence

Seminar of the Network of African Higher Professional Competence. Venue: University of Parakou, Benin Date: February 20, 2014. TOPIC Academia and Industry Relations in promoting E ntrepreneurship and Employment: The KNUST Factor PRESENTER Ralph Nyadu - Addo

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Seminar of the Network of African Higher Professional Competence

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  1. Seminar of the Network of African Higher Professional Competence Venue: University of Parakou, Benin Date: February 20, 2014

  2. TOPIC Academia and Industry Relations in promoting Entrepreneurship and Employment: The KNUST Factor PRESENTER Ralph Nyadu-Addo Head, Centre for Business Development Manager, Kumasi Business Incubator Lecturer, Entrepreneurship and SME Management

  3. It will be discussed under the following: • General Information about KNUST • State of Entrepreneurship education and promotion (The Business School, Centre for Bus. Dev., Kumasi Bus. Incubator) • Academia-Industry relations + benefits • Recommendation Conclusion

  4. KWAME NKRUMAH UNIVERSITY OF SCIENCE & TECHNOLOGY (KNUST) KUMASI-GHANA GHANA’S PREMIER UNIVERSITY OF SCIENCE AND TECHNOLOGY (approx. 42,000 students)

  5. TOP KNUST DIGNITORIES Mr. Kofi Annan (Alumnus) Asantehene (Chancellor)

  6. College of Agriculture & Natural Resources College of Science College of Architecture & Planning KNUST College of Health Sciences College of Art & Social Science College of Engineering ACADEMIC UNITS (Colleges)

  7. Some of the Programmes include: • Medical Sciences and Pharmacy • Business Management and Law • Distance Learning • Humanities • Fine and Industrial Art • Natural, Physical & Computer Science • Architecture and Planning

  8. CENTRE for BUSINESS DEVELOPMENTPioneering Innovation for Sustainable Development • SERVICES • Kumasi Business Incubator • Industrial-Academia Relations • Internship for Staff & Students • Entrepreneurship Development • SME Research, Promotion and Development • Business Consulting, Networking and Innovations • Resource Raising • Branding (Corporate and Personal) • Capacity Building

  9. KNUST School of Business • Dept. of Managerial Sciences • Dept. of Accounting & Finance • Dept. of Marketing & Corporate strategy • Dept. of Information & Decision Sciences • Mandated to teach basic management and entrepreneurship in other faculties.

  10. Main Collaborator: National Board for Small Scale Industries • Goal and Purpose: To contribute to the sustainable overall industrial and business development of Ghana by exposing and equipping selected final year students of KNUST to entrepreneurship. • Vision: KBI is set up to actively promote, nurture and sustain innovative and competitive start-up businesses that emanated from research and innovative works of students. • Mission: KBI assist in thedevelopment of micro, small and medium-size enterprises through the provision of business premises, training, coaching, and mentoring of students with innovative ideas. • Target: The project initially targets twenty-five final year undergraduate and graduate students (projects) of KNUST who are committed to the setting up of innovative and creative businesses. Kumasi Business Incubator

  11. Sectors:KBI supports the establishment of businesses in the areas where incubatees have already acquired some knowledge and skills based on resources in areas where Ghana has comparative international advantage within West Africa • Objectives: • To provide support through the provision of premises, training, • coaching and mentoring towards selected projects of students. • 2. Offer assistance to student start-up productive enterprises through the • adoption of risk management practices etc. • 3. To continually offer support to businesses that have graduated from • the facility until they are well grounded. • 4. To provide facilities which promotes a conducive environment for the • development of student enterprises.

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  13. Academia-industry partnership towards entrepreneurship promotion • Infrastructural development (eg. Airtel, Vodafone, World Bank, Banks) • Mentors + coaches (eg. Entrepreneurship Clinic, Bankers Day) • Adjunct faculty & Alumni support • Logistics support (eg. Technip, GMA, Heidelberg Druck AG) • Financial support • Internship placements • Media outreach • Corporate Social Responsibility

  14. Recommendations • Practical teaching of entrepreneurship across disciplines; • Establishment of business incubators/science parks; • Strengthening the various on-campus production units; • Fund raising from private/public sources; • improving academia-industry linkages; • Joint research help to promote spin-offs; and • Increase outreach training programmes for SMEs

  15. CONCLUSION KNUST (Ghana) will not become the next Silicon Valley over night, but we have made a promising start. We do believe that our positive relations with industry and other stakeholders will catapult us towards a more sustainable development. The Entrepreneurship Revolution is here! KNUST IS READY FOR THE CHALLENGE. DANKE!

  16. THANK YOU

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