A team of Ashesi students have won the Standard Chartered Bank Innovation Incubator competition, held in Accra on November 25, 2005. The Innovation Incubator competition, which forms part of a global effort by the bank to increase its competitive edge, was open to students from Ashesi University and the University of Ghana.

The Ashesi team developed an Information Technology-based banking product which will significantly save time and reduce the costs of banking transactions in the Ghanaian economy. The team comprised Derry Dean Dadzie (Class of 2006), Obinna Chuku (Class of 2006), Patrick Quantson (Class of 2005) and Kofi Ocloo (Class of 2005).