Presidential Pitch Season 2: Two KNUST Students Who Produce Sanitary Pads From Plantain Fibre Win GHC100,000 Grant

Two female students from the Kwame Nkrumah University of Science and Technology (KNUST) – Matilda Asantewaa Sampong and Emilee Otoo Quayson, have received GHC60,000 as investment package for emerging winners of Presidential Pitch Season 2.

They also received a GHC40,000 personal donation from President Nana Addo Dankwa Akufo-Addo.

The two, who produce sanitary pads using banana and plantain fibre, beat nine others who presented their ideas and answered questions before a panel of judges, in the presence of the President, ministers of state and members of the diplomatic corps, at the Presidential Pitch event in Accra on Tuesday.

See Also: Women In STEM Initiative Yielding Results – KNUST Female Engineering Students Graduate With Outstanding Grades

Explaining the module of their business, Floyabana Pads, Matilda and Emilee said the main target is the rural woman who cannot afford the mostly imported sanitary pads on the Ghanaian market. They assured that the grants provided to them by the government would enable them to expand their business.

The Presidential Pitch is a project designed and organised by the Ministry of Business Development to offer young Ghanaian entrepreneurs between the ages of 18 and 35 the opportunity to market their business ideas and get financial assistance to implement those ideas.

Presenting cash awards, ranging from GHC25,000 to GHC60,000 to the contestants, the President explained that these awards are grants, and not loans, and represent the continuing demonstration of government’s commitment to providing seed capital for some of the nation’s enterprising youth to enable them to run successful businesses.

See Also: KNUST Graduate Isaac Edele Younge Wins 2019 K.C Amese Entrepreneur Award

President Akufo-Addo explained that the importance of the entrepreneurial mindset cannot be overemphasized.

“Entrepreneurship is a vital component of economic growth and has been embraced globally as one of the most important drivers of development. There is now a firm recognition amongst governments and international organizations that the development of entrepreneurial talent is key to addressing the challenges of unemployment, especially youth unemployment,” he said.

That is why the National Entrepreneurship and Innovation Plan (NEIP) was established to provide integrated, national support for early-stage start-ups, small business incubators and funding for youth-owned businesses, he added.

source: Graphic Online

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