The Ministry of Education, Yaw Osei Adutwum, has disclosed that the sector has received over $60 million from the World Bank to support Science, Technology, Engineering, and Mathematics (STEM)-centred inventions.
Speaking during a news conference in Accra, he stated that, the ministry accepts proposals from individuals commercialising interventions done by Ghanaian students.
“The Ministry of Education has funds to support innovations through the skills development fund. Over $60 million has been given to us from the World Bank and what we are doing is that we accept proposals from individuals who are commercialising inventions, especially those things that are invented by our students, and they will be able to get a grant to commercialise it”, he added.
He highlighted that the skill development fund is under the commission for TVET at the Ministry of Education, thus, urging Ghanaian inventors to go and verify and apply to receive the allocated amount of money.
“I am using this opportunity for people to check with the Commission for TVET at the Ministry of Education; the Skills Development Fund is under them, and that is the place where inventions can be commercialized. And I hope through that amount of money allocated to us, the challenge that you have brought about will be a thing of the past. We will begin to see Ghanaian innovators being supported to commercialize inventions and ideas brought about by our students,” he said.
