Management of the University for Development Studies (UDS) has launched the UDS Business Innovation and Incubation Centre (BIIC) to support alumni of the university in creating viable businesses opportunities.
The BIIC programme is aimed at creating an enabling environment for nurturing and mentoring Micro, Small and Medium Enterprises (MSME’s) by leveraging on the university’s internal and external resources to bridge the capacity gaps among SME’s to create employment and generate income.
The BIIC programme would offer entrepreneur learning skills and business opportunities to alumni and continuing students of the university to be implemented in the Tamale Central and the Nyankpala campuses of UDS respectively.
Professor Gabriel Ayum Teye, the Vice-Chancellor of UDS, who spoke during the launch, said the university known as a practical institution conceived the idea of introducing the BIIC to enhance the business practical knowledge of the university to support its alumni.
He said “Our University prides itself as a practical training institution and realising we lack the business practical aspect, we try to replicate the BIIC programme through the success stories in other countries”.
Professor Teye said the mandate of the BIIC programme is to assist alumni with business oriented skills to develop variable business ventures to create jobs and employment opportunities to drive the economy.
He said “The idea is to have a centre, where alumni and continuing students who have business ideas would be assisted to develop them into variable business to create jobs and employment opportunities”.
Mr Oludare S. Kodaolu, Managing Director, West Africa for the WADHWANI Foundation, commended management of the University for taking up the bold step to introduce the BIIC programme to support youth entrepreneurship, especially among graduates.
He said the partnership between UDS and WADHWANI Foundation would offer the opportunity to promote and inspire students’ entrepreneurs to enhance their existing conceived ideas for the creation of viable business to strengthen the country’s economic drive.
Dr Richard Yeboah, Director for the BIIC programme urged stakeholders of the university to offer their support and continuous assistance for the effective implementation of the BIIC programme to serve as entrepreneur training hub to benefit the university community.