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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

Seminar of the Network of African Higher Professional Competence

Venue: University of Parakou, Benin

Date: February 20, 2014


Seminar of the network of african higher professional competence

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


It will be discussed under the following

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


Seminar of the network of african higher professional competence

KWAME NKRUMAH UNIVERSITY OF SCIENCE & TECHNOLOGY (KNUST) KUMASI-GHANA

GHANA’S PREMIER UNIVERSITY OF

SCIENCE AND TECHNOLOGY

(approx. 42,000 students)


Seminar of the network of african higher professional competence

TOP KNUST DIGNITORIES

Mr. Kofi Annan (Alumnus) Asantehene (Chancellor)


Seminar of the network of african higher professional competence

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)


Seminar of the network of african higher professional competence

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


Centre for business development pioneering innovation for sustainable development

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


Knust school of business

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.


Kumasi business incubator

  • 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


Seminar of the network of african higher professional competence

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.


  • Seminar of the network of african higher professional competence

    13


    Academia industry partnership towards entrepreneurship promotion

    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


    Recommendations

    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


    Conclusion

    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!


    Thank you

    THANK YOU


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