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11 October 2018 | Story UFS | Photo Zama Feni
UFS launch student business incubator project
Rector and Vice-Chancellor Francis Peterson cutting the ribbon as the office of Student Business Incubator Project was officially opened last Friday.
The University of Free State has recently launched a Student Business Incubator Project that will provide impetus to students with business ideas.

The initiative, which is under the management of the Directorate for Research and Development (DRD) was conceived a few years ago with objective of untapping the entrepreneurial potential of students. 

And it was on Friday last week that all the energy and efforts that were directed towards the planning of this project culminated into the official launch and opening of the offices where the students will conduct their business operations.

Generate new business ideas

Delivering a brief address at the launch, Rector and Vice-Chancellor, Prof Francis Petersen encouraged students to generate new business ideas that would make them job creators at the end of the day. 

“As a university, we should disseminate our output to society through research, education and technology transfer. The Incubator Project is a good initiative and I would like to see it growing so that more students can benefit from a facility such as this,” he said. 
Professor Petersen encouraged the student innovators to engage society so that they can make quality of life better through new knowledge.

“You must continue to incubate ideas and develop them,” he said adding that one of the great things that a university is measured about is the employability of its graduates.

Business ideas awarded 
On the previous day, DRD hosted a pitching competition for the business ideas that students were invited to submit.

Assistant Research Officer and Project Manager, Ayanda Makhanya said they were excited about the outcome of their call to students as they received an overall total of 60 ideas.

“We screened all the inputs and came up with 14 ideas. We will now be working with these students to provide the necessary support,” she said.

The winner in the pitching competition was an LLB student Mannini Setai whose idea was the production of eco-friendly bricks.

The office are located near the UFS Sasol Library and has computers and a big flat screen.

News Archive

Acting Rector visits USA universities
2009-04-17

 
 Prof. Verschoor (second from the left, front) and the delegation during the visit to the Appalachian State University.
Photo: Supplied
The Acting Rector of the University of the Free State (UFS), Prof. Teuns Verschoor, recently returned from an extensive visit to the United States of America (USA). He was accompanied by Prof. Aldo Stroebel, Director International Affairs, and Mr Arthur Johnson, Coordinator at the International Office. An institutional agreement has been signed between the UFS and Appalachian State University (ASU), which will focus on staff and student exchange, within the ambit of service learning initiatives. Prof; Mabel Erasmus, Head of Service Learning at the university’s Centre for Higher Education Studies and Development (CHESD), joined Prof. Verschoor and the delegation for the ASU part of the visit. Proff. Verchoor and Stroebel also interviewed potential Fulbright Senior Specialists to participate in the conceptualisation of the proposed International Institute for Diversity. They had discussions with Mellon Foundation representatives and it is planned that the UFS will participate in a networking and showcasing event to potential international donors later during 2009 at Princeton University under the auspices of Seton Hall University, New York. Discussions took place with several staff at Cornell University, including Prof. Alice Pell, Vice-Provost for International Affairs, and Prof. Muna Ndulo, Director of the Institute for African Development. It has been agreed that an institutional memorandum of agreement will be signed between the UFS and Cornell early in the second semester following the assumption of duty of the Rector and Vice-Chancellor Designate, Prof. Jonathan Jansen. Prof Jansen is an alumnus of Cornell University

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