Team Wellfed of the Enactus chapter of Kwame Nkrumah University of Science and Technology (KNUST) has been adjudged as the third-best team in the finals of the 2021 GSBN Africa Business Concept Challenge.
After 4 intense rounds of 82 teams in 15 countries across Africa, Team Wellfed was named among the top five teams that designed the best viable business concepts that address locally relevant challenges.
They competed against four other teams from tertiary institutions in Nigeria, Botswana, Egypt and Namibia for the ultimate prize.
In the finals, each team prepared a 10-minute live pitch presentation for the international panel of judges and participated in a follow-up Q&A session.
After the pitch presentation by all five teams, Team Aquatrac Sustainable Fish Production and The Modular Housing Concept Team, both of the Lagos Business School, were adjudged winners and second-best, respectively.
Team Wellfed of KNUST came third, while Team Crystal Water of Namibia Business School and Team Mini Solar Plant of Botswana International University of Science and Technology, came fourth and fifth respectively.
The members of the team include Joseph Henry Nyarko (Communications Design student and Millennium Fellow), Mary Acheampong Ghartey (Materials Science and Engineering Student), Georgina Y.K Boamah (Biochemistry Student and Millennium Fellow) and Nana Osei Sarpong (Economics student and 2020 IMF Fund Challenge finalist).
Wellfed is an agricbusiness enterprise that empowers farmers through education on appropriate farming methods, provides an effective means of preservation and connects farmers to buyers.
In their bid to restore Akumadan, a tomato farming community in Kumasi facing issues with the storage and preservation of farm produce, Team Wellfed, empowered farmers through education on appropriate farming methods, provided effective means for tomato preservation and connected farmers to buyers.
Speaking on Team Wellfed’s journey in the competition, the President of Enactus-KNUST, William Abrefa stated: “The Go-Getters, that’s how I call them. Why? Because of the extraordinary teamwork, perseverance, and persistence, they exhibited in all rounds of the inaugural GSBN Africa Business Concept Challenge”
“It was a wonderful journey and I am very excited to be part of it. Though we couldn’t win this time around, the team and I enjoyed the experiences and all the lessons learned on this journey and we are grateful for that,” added.
William went on to congratulate the team members and stated that they have made themselves, Enactus KNUST and the KNUST community proud. “Also a big thank you to our Faculty Mentor, Professor Nat Boso, for this wonderful opportunity and the support throughout this competition,” he added.
GSBN Africa Business Concept Challenge
The GSBN Africa Business Concept Challenge is a virtual business concept competition for African undergraduate and graduate students sponsored by Stanford Seed and AACSB International and supported by Peaqs and Em lyon business school.
The Africa Business Concept Challenge intends to assist young people from the African continent who have an entrepreneurial orientation, a desire to serve their community, and demonstrate the values outlined below. With a focus on promoting responsible capitalism, the competition will identify high potential young people for mentorship and investment.
The competition challenges student teams to design a viable business concept that addresses a locally relevant challenge or problem related to sustainable development and Agenda 2063.
Watch Team Wellfed’s final pitch presentation:
Click on the comment box below and leave us your thoughts. Thank you