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19 May 2021
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Story Dr Nitha Ramnath
The University of the Free State (UFS), Standard Bank, and the
Mangaung Chamber of Commerce and Industry (MCCI) are pleased to invite you to a special lunchtime webinar with
Mr Allon Raiz, CEO of
Raizcorp, one of South Africa’s most successful business incubators.
The COVID-19 crisis has affected the operations, cash flow, and debt positions of most businesses, often threatening the sustainability and even the survival of businesses.
Join us for a discussion on how to think about business models that will ensure the survival and even the growth of business in the time of COVID-19.
Date: Thursday, 10 June 2021
Topic: Resilience and business in the time of COVID-19
Time: 12:00-13:30
Platform: Zoom
RSVP to:
Alicia Pienaar
by 7 June 2021
UFS awards its innovative thinkers
2009-11-18
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Here are, from the left: Prof. Van Wyk with first-prize winners Precious Setlaba and Themba Motsoeneng and Prof. Muriel Meiring, the students’ promoter.
Photo: Stephen Collett |
The University of the Free State (UFS) recently announced the winners of the Innovation Fund Competition. This national competition, which is organised by the Department of Science and Technology aims to promote entrepreneurship through the commercialisation of the innovative ideas of young entrepreneurs.
Every participating educational institution first has an in-house competition in which a total prize money of R100 000 is at stake. At the UFS 14 business plans from students were received and evaluated by six external adjudicators. The three winners now have to take part in Phase II of the competition where 60 competitors from 20 universities will compete. The winners of the National Competition will receive prizes of up to R300 000. This money must be used for the development of the innovative idea with which the prize was won.
The first prize in the UFS’s Innovation Fund Competition of R50 000 was won by Themba Motsoeneng and Precious Setlaba from the Department of Haematology for the development of low-cost diagnostic assays for thrombotic diseases and bleeding disorders with the aim of supplying these test assays at a much lower cost to pathology laboratories all over the country. “This exciting idea appealed to many of the judges, especially because it can contribute to low cost health care in the country,” says Prof. Gerrit van Wyk, organiser of the Innovation Fund Competition at the UFS. The second prize of R30 000 was won by Charl Jaftha, MSc student in Physics. He has developed a low-cost hearing aid the size of a cigarette box. It contains a microphone and electronics to amplify the sound. The third prize of R20 000 was won by Adriaan Taylor and Jaco Brink, both MBA students. They designed a two-in-one lawnmower that would enable the average gardener with a bulky garden to shred the garden refuse and recycle it through composting or disposal through the normal disposal system. “One judge called this a novel use of existing technology,” says Prof. Van Wyk.