In line with the Vice-Chancellor's "1 Department 1 Startup Entrepreneurship Initiative," KNUST organized a workshop aimed at providing departmental entrepreneurs with practical skills to develop comprehensive business plans for new ventures and strategic plans for existing businesses.

Pro-Vice Chancellor, Professor David Asamoah, explained that the initiative, which began with idea compilation and business plan sharing, now focuses on key business aspects. "It serves as a guide to where we want to be," he said.

He was hopeful that participants would gain a clearer understanding of viable business ideas and essential plan components.

Mr. Samuel Atuobi Twum, former General Manager of Investments at SSNIT, led a session on strategic plans, differentiating them from business plans.

"Business plans are for startups. They structure ideas to start a venture, primarily for funding and operational guidance," he explained, emphasizing the need for well-presented business concepts to attract investors.

He also stressed financial discipline and debt management.

Mr. Percival Ofori Amponsah, GM of the Venture Capital Trust Fund (VCTF), highlighted the importance of an entrepreneurial mindset, citing accidental discoveries like penicillin. He emphasized the need for robust startup ecosystems, including access to facilities, collaboration, and regulatory compliance.