Dumenyo Theophilus Delali and his teammate Victor Boafo have won the 2021 Circular Economy Competition organized by the European Union in Ghana.
The former Presidential Pitch runner up and his co-founder walked home with Gh₵ 65,000 as seed funding for their business, Ento Farms.
The EU Delegation Ghana organized competition was supported by the Ministry of Finance to reward pioneering circular economy business ideas that seek to reduce the billion tonnes of waste the world is currently grappling with.
Business ideas under the challenge were expected to reflect the concepts of a circular economy and meet the Sustainable Development Goals 12 which promotes responsible consumption and production.All eligible mid-stage scale contestants must be able to show proof of concept and provide financial/management accounts of years in operation where available.
All micro and conception stage applicants were expected to demonstrate pre-revenue or post revenue business model innovations related to the circular economy in Ghana.
All contestants in the competition were required to have a financial and sustainable business model. Contestants were also required to show a good understanding of market dynamics including a marketing plan/strategy.
Theophilus and Victor’s Entofarms which is into the production of low-cost high-quality protein for small-scale livestock farmers emerged as the winner of the competition.
The two startuppers were former students of the Kwame Nkrumah University of Science and Technology, Kumasi.