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02 August 2024 | Story Martinette Brits | Photo Martinette Brits
Business Incubator Launch 2024
Members of the team involved in the new business incubator, from the left: Prof Philippe Burger (Dean of the Faculty of Economics and Management Sciences), Prof Johan van Niekerk (Vice-Dean of Agriculture in the Faculty of Natural and Agricultural Sciences), Chipo Matambo (Business Coach at the business incubator), Prof Peter Rosseel (Managing Director of Management Consulting and Research, a spinoff of the University of Leuven), Tebogo Machethe (Director for Innovation and Contracts in the Directorate of Research Development), and Prof Eugene Cloete (Chief Executive Officer of the Cape Higher Education Consortium).

The Faculty of Economics and Management Sciences (EMS) at the University of the Free State (UFS) has launched an exciting new initiative aimed at empowering entrepreneurs and generating third-stream income: a business incubator.

“There are countless wonderful ideas stored in computers and gathering dust on shelves, brimming with potential. If we can unleash and harness these ideas - package them effectively and put them to use - they could serve as valuable university assets, helping us generate additional income streams,” says Prof Philippe Burger, Dean of the Faculty of EMS.

Chipo Matambo, Business Coach at the incubator, highlights that this initiative will create a comprehensive entrepreneurship ecosystem. It aims to foster the development of an entrepreneurial mindset and skills while encouraging collaboration within the UFS community. Matambo explains, "The incubator brings together like-minded individuals and provides access to cutting-edge research, industry experts, mentors, potential funders, partners, and networking opportunities."

Currently referred to as "The UFS StartUp, ScaleUp, and SpinOff Hub," the incubator’s official name is pending finalisation. While spearheaded by the EMS Faculty, this initiative spans multiple faculties, uniting projects from across the university. "It serves as an incubator for all of us," remarks Prof Burger.

Key pillars of the incubator 

The incubator is built on three pillars: 

1. Commercialisation of Research: This pillar focuses on transforming university research into spinoff companies. “There is a lot of research at this university that can be channelled into potential commercialised projects and startups,” notes Prof Burger.

Matambo emphasises the importance of transferring UFS-developed innovation and technology to society to create an impact and generate revenue. This involves forming commercial links between the UFS and private or non-profit organisations to develop and commercialise UFS-created and owned technology. Key mechanisms for technology transfer include patented inventions, licensed technologies, partnerships, and new ventures. The Directorate of Research Development (DRD), along with various faculties, will be crucial partners in this endeavour.

2. Strengthening Student Entrepreneurship: UFS is dedicated to cultivating students' entrepreneurial mindsets and skills to empower graduates to become job creators. Key components include experiential learning, entrepreneurial support, mentorship, and access to industry experts and networks to foster innovative student startups.

3. Supporting Community Entrepreneurship: The incubator aims to help local communities develop their ideas into viable business ventures and establish enterprises within their communities.

Support services for entrepreneurs and startups

The incubator offers a range of services to support entrepreneurs and startups, including:

Feasibility Studies: Assistance with feasibility studies for potential candidates.

Advisory Services: Business coaching and mentoring provided by business coaches, DRD experts, and EMS faculty members specialising in various domains. 

Business Matchmaking:  Connecting startups with angel investors and potential clients through events like matchmaking events, trade fairs, and one-to-one introductions.

Consultation Services: Linking startups with external partners such as banks, auditors, lawyers, and business mentors.

Office Space: Providing office space equipped with WiFi, meeting facilities, collaborative workspaces, individual workspaces, and communal meeting areas to foster a conducive working environment.

Prof Burger mentioned that the building on South Campus designated for the incubator will be completed by the first half of 2025. In the interim, the incubator will operate virtually, although Matambo and the university team will conduct real meetings and interactions to drive its activities.

News Archive

UFS releases draft charter to accelerate transformation
2007-02-02

The University of the Free State (UFS) today released a draft Institutional Charter which is intended to enhance and accelerate the ongoing transformation of the institution towards a non-racial, non-sexist future.

Speaking at the official opening of the university today, the Rector and Vice-chancellor, Prof Frederick Fourie, said the draft Institutional Charter, was an important milestone in the transformation debate for the university and the country.

“The draft charter acknowledges that black people, women and people with disabilities have been marginalised from job and developmental opportunities, within the higher education sector and at this university,” Prof Fourie said.

The charter commits the university to meeting the challenges of a transforming higher education institution in a developing society, in particular the challenges of nation-building, reconciliation, redress, non-racialism and non-sexism – and ultimately normalisation – within a high-quality academic institution.

The principles of the draft charter firmly signal the university’s commitment to diversity – attaining and maintaining substantive and sufficient diversity (including multiculturalism and multilingualism) – in its quest for quality and excellence. 
Prof Fourie said the draft charter seeks to build consensus among staff and students at the UFS about the ultimate goals of transformation at a higher education institution.

The charter proposes several basic values and principles that should guide the transformation process and at the same time serve as a basis for a future, normalised university - a promised land to transform towards.

The discussion document says academic quality is intrinsically linked to transformation and it commits the university to strengthening the core competencies of research, teaching and learning as well as community service so as to ensure a robust university for future generations.

“Indeed the thousands of matriculants, black and white, who apply to study at the UFS want to study at a good university, and a good university wants to attract the best black and white students and the best black and white staff, male and female,“ Prof Fourie said.

He said the draft charter also seeks to safeguard academic freedom and institutional autonomy as the foundation of critical inquiry and scholarship.

Regarding the critical issue of creating a new institutional culture, the draft charter commits the UFS to creating a sense of belonging for all members of the university – black and white, male and female, of whatever language, religious, cultural or economic background, as well as people with disabilities.

Media release
Issued by: Lacea Loader
Media Representative
Tel:  (051) 401-2584
Cell:  083 645 2454
E-mail:  loaderl@mail.uovs.ac.za
02 February 2007

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