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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

NRF commits R30-million for research at the UFS
2007-02-20

The National Research Foundation (NRF) has committed approximately R30-million for various research projects at the University of the Free State (UFS).
 
According to Prof Frans Swanepoel, Director of Research Development at the UFS, the NRF has also approved all eight research niche areas that were submitted to the NRF, the highest number approved at any university in the country.
 
Prof Swanepoel said the 24 research projects for which funding had been obtained from the NRF ranged from traditional healing and HIV/Aids/tuberculosis management, practices of the paediatric anti-retroviral programme at the UFS to nano-materials synthesis and characterisation.
 
He said the eight research niche areas were part of an initiative at the UFS to establish strategic clusters of academic and research excellence.
 
“There will be six strategic academic clusters at the UFS and the eight NRF-approved research niche areas will form part of them,” Prof Swanepoel said.
 
The six strategic clusters are:
1.         Water management in water-scarce areas
2.         New frontiers in poverty reduction and sustainable development
3.         Social transformation in diverse societies
4.         Ecologically sound value chains for agricultural commodities
5.         Materials and nano sciences
6.         Advanced bio-molecular research
 
Prof Swanepoel said that the UFS had also submitted five proposals in terms of an NRF initiative to establish research chairs at South African universities.
 
“Linked to our intention to establish six strategic academic clusters, five proposals for the South African Research Chair Initiative (SARCHi) were submitted. All five pre-proposals were accepted in the first round of screening, and successful candidates have been invited to submit full proposals by the end of February,” he said.
 
The proposed research chairs are:
 
Petro- and organometallic chemistry
Biocatalytic and biomimetic oxidation-reduction systems
Nano-solid state lighting
People’s health and well-being
Water management
 
Speaking at the official opening of the university earlier this month, the Rector and Vice-Chancellor of the UFS, Prof Frederick Fourie, said: “The cluster initiative represents a strategic initiative to focus our energies in a few key areas, investing in them so that the UFS can become an international leader in those fields.”
 
“A medium sized university such as the UFS with relatively limited human, physical and financial resources has to achieve this kind of ‘critical mass’ and synergy to establish itself in terms of its core functions of teaching/learning, research and community engagement,” said Prof Fourie.
 
Media release
Issued by: Lacea Loader
Media Representative
Tel: 051 401 2584
Cell: 083 645 2454
20 February 2007

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