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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

Centre for Financial Planning Law and INSETA making a difference
2014-07-16

The Centre for Financial Planning Law (CFPL) in the Faculty of Law at the University of the Free State and the Insurance Sector Education and Training Authority (INSETA) has established a hugely-beneficial collaboration. Due to this partnership, students at CFPL has access to bursaries of R950 000. These bursaries are available to students studying towards a undergraduate BIuris degree, a postgraduate diploma in Financial Planning, or an advanced postgraduate diploma in Financial Planning.

The CFPL handles the recruitment and selection process for the bursary fund, which will cover up to R68 040.95 for tuition, accommodation and book fees. In addition, the bursaries also cover other fees such as equipment and registration.

According to Shirly Hyland, Director of the Centre for Financial Planning Law, the centre recognises the financial strain some students undergo. The bursaries will therefor enable many of these students – who considered discontinuing their studies because of financial constraints – to continue studying, making a tremendous difference in their lives.

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