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As part of the eTransform Ghana project under the Ministry of Communication, Ghana Tech Lab (mLab) has been designed to support rapid prototyping of ideas, seeding digital innovations, targeted business incubation and acceleration programs in the digital industries, and to help mitigate some of the challenges identified within the tech ecosystem in Ghana.

The $1.2m project has been set up through an Innohub-Kumasi Hive JV as a strategic ecosystem vehicle. It accelerates and catalyzes the position of Ghana as Africa’s number one (No.1) centre for highly-skilled digital workforce/human capital, Ideas to Market Accelerator and a fertile farm for innovative promising startups for early stage investment in Africa.

Innohub, with a $3.2m support from the World Bank and other stakeholders, sponsored Wangara Green Ventures to address the financing gap for early-stage green enterprises in Ghana. The Fund has a specific focus on climate related SMEs and SMEs in other sectors with best-in-class climate practices.

Wangara Green Ventures invests amounts ranging from GHS250,000 to GHS2,500,000 and promotes Ghana’s economic development, job creation, and industrial competitiveness through support for clean technology businesses and industries. This represents some of the most promising and important sectors of the 21st century.

Accra Angels Network provides the platform for ‘mid-to-high’ net worth individuals or institutions to invest their funds and resources in Ghanaian based early-stage businesses, which have a significant growth potential, a latent ability to generate disproportionate returns, and demonstrable social and economic impact.

Innohub has set up the network to provide alternative sources of funding for small and growing businesses in Ghana, with the Angels able to deploy various kinds of investment instruments.

DT Automated Systems Limited (DTASL) is a software development company based in Accra. The company has developed a proprietary software called Mefangoo and Framagya for fuel stations and LPG gas stations automation respectively. DT Automated Systems have systems that are comprehensive, next generation, ready-to-use Fuel ERP systems for small, mid-size or large tier Fuel Stations. It is built on latest technologies and standards, based on Industry “Best Practices” infrastructure.

Built Accounting promotes access to finance for micro enterprises by strengthening their creditworthiness with official lenders.