Our clients can access any or all of our services which are Facility Based Services and Direct Business Development Assistance
FACILITY BASED SERVICES
- 24-Hour Operating Co-working space. Our startups need not to worry about where to house their enterprises since we offer them space.
- Meeting/Conference room access
- Access to Equipment (laptops, color printing/scanning, etc.)
- High Speed Internet Connectivity
- Administrative Secretary
DIRECT BUSINESS DEVELOPMENT ASSISTANCE
Our team will provide business support to the startups that are being incubated directly through the provision of business idea evaluations, coaching, and advisory sessions.
- Business Idea Assessment
During the evaluation stage, the employees at Prep and Pave consult with and discuss prospective concepts with entrepreneurs. This consultation centers around appraising the potential of each idea and the entrepreneurial teams in order to enhance the likelihood of achieving success during and after the incubation period. If the idea passes this evaluation, admission to the Incubation Program is granted. This proves especially valuable for entrepreneurs who have business ideas but have not previously had the opportunity or means to conduct market research or develop prototypes. Entrepreneurs present their proposed ventures and Prep and Pave staff guide them on focusing and cultivating the overarching vision for their business concept.
- Coaching, Mentoring and Administrative Support
When required, Prep and Pave staff will convene with startup entrepreneurs to mentor them on specific responsibilities that present challenges. This may encompass hands-on tutelage for certain tasks, adhering to agree upon schedules, and guidance on proactive steps to cultivate ideas. Team members are available as needed to coach startup founders through areas of difficulty on an individual basis. The goal is to support entrepreneurs throughout the incubation period as they work to effectively organize, strategize, and achieve planned milestones. Mentorship from Prep and Pave aims to help maximize each venture’s trajectory of success. Please let me know if any part of this revised text would benefit from additional clarification or refinement.
- Startup Advice Sessions:
Our Entrepreneurial Guidance Consultations offer free counsel to founders who are exploring or have recently embarked on their entrepreneurial path. Through these sessions, individuals with nascent business ventures are able to access advisory support at no cost. The goal is to aid aspiring entrepreneurs in the initial stages of their journey as they work to establish and develop innovative concepts. Entrepreneurs are encouraged to make use of this resource to help inform next steps and strategize how to successfully initiate their startup efforts. - Financial Access
To persuade prospective investors, entrepreneurs necessitate proficiency in delivery of presentations. Therefore, Prep and Pave schedules diverse mock presentations for startups to rehearse and refine their pitch materials. Participation in these practice opportunities enables founders to receive feedback on how to optimally convey their venture’s value proposition, goals, and competitive edge. With guidance from Prep and Pave staff and peers, entrepreneurs can strengthen their elevator pitch and presentation skills in a low-stakes environment. This helps ensure ventures approaching investors are well-prepared to clearly and confidently articulate their business strategy and vision.
Furthermore, on an annual basis Prep and Pave organizes and oversees pitch tournaments in which startups compete for financial awards to fund crucial aspects of business development as articulated. During these events, emerging entrepreneurs present before a panel of investors and specialists. A committee is then formed to appraise the ideas and presentations.
Prep and Pave will constitute a judging board comprising five experts representing diverse domains of evaluation. Potential specialists may have experience or expertise in: a) finance, b) product creation, c) marketing and sales, d) legality, and e) technology or other applicable focus areas. The varied backgrounds of committee members allow for well-rounded vetting of startup proposals from different perspectives. Participation in these competitions offers founders constructive feedback to strengthen their businesses while also providing potential funding resources.
- Capital and Financing Networking Events
As the startups develop their concepts, their requirements for funding tend to escalate sharply. Prep and Pave recognizes that in such circumstances, it can be difficult indeed for novice entrepreneurs to connect with and approach potential investors due lack of access to pertinent information and resources to interact directly.
Therefore, on an annual basis Prep and Pave arranges networking occasions bringing together Investors and Donors to showcase startup products and advancement during the development phase. These events take place at suitable venues across Ghana, such as hotels and restaurants. The startups are provided booths to demonstrate their offerings or business models. Prep and Pave covers the requisite promotional materials, presentation stations, and other supplies needed for the startups to effectively engage attendees. The goal is to bridge this gap and foster productive relationships that could lead to securing valuable financial support for the startups.