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03 October 2024 | Story Ansie Barnard | Photo Supplied
Amrut Foundation 2024
From left to right: Londeka Mkhwanazi, Semither Mkhize, Salima van Schalkwyk, Slindokuhle Ndlovu, Asanda Mpinga, Mantombi Molefe, Ntombinkulu Khumalo, Mosebjadi Chauke and Thembinkosi Mkhwanazi.

The Amrut Foundation, in partnership with the University of the Free State (UFS), successfully hosted its Inaugural Innovathon at the UFS Qwaqwa Campus. This competition is designed to identify and support innovative products and services that not only generate profit but also contribute to the public good, with a strong emphasis on ethical business practices. Through this collaboration, students gain national exposure for their businesses and receive support to create sustainable social enterprises.

Five teams of student social entrepreneurs from the Qwaqwa campus were shortlisted to participate in the regional finals. Their selection was based on ventures that adhered to a social entrepreneurship model and demonstrated plans for long-term profitability and sustainability.

During the Innovathon, a panel of judges from the UFS, the Amrut Foundation, and the Small Enterprise Development Agency (SEDA) selected two outstanding teams to represent the UFS at the national finals, which will take place in October. The winning ventures, Biofly-Pro and Root Rescue were each awarded R20,000 to further develop and expand their initiatives.

Hemang Desai, Executive Director of the Amrut Foundation, expressed his enthusiasm for the event: "Amrut is proud to co-host the Free State leg of the inaugural Innovation Challenge with the UFS. Supporting students with entrepreneurial ambitions that align with societal care is one of our key focus areas."

Dr Grey Magaiza, Senior Lecturer and Deputy Director for the Centre for Gender and Africa Studies at the UFS, highlighted the importance of social entrepreneurship: “Social entrepreneurship is a collaborative effort towards creating sustainable and ethical business processes. The two winning projects embody these principles, and we look forward to their continued growth. In line with our Vision 130, social entrepreneurship can serve as a critical lever for university-community engagement.”

Congratulations to Biofly-Pro and Root Rescue on their well-deserved achievements! 

News Archive

Kovsie-Alumni Trust provides financial support to gifted young persons
2009-07-08

 
Kovsie-Alumni Trust of the University of the Free State (UFS) provides financial support to gifted young persons. This year, the Trust has already granted R24 000 to students with disabilities and R28 500 to ad hoc applications for financial support. Amongst others, financial support of R224 888 was given to students from the Alumni Donation Funds. The contributions of generous donators to the Trust Fund are used to award academic, cultural and sport bursaries to deserving prospective as well as current Kovsie students. Here are, from the left: PK Nkate, a blind honours student in Business Management, who received R6 000 from the Trust, Ralph de Kramer, who received R3 500 for his ad hoc application; back: Adv Seef Hefer, Chairperson of the Trust, Ms Francis Hoexter, member of the Trust, Leendert Kramer, who received R60000 for his ad hoc application and Mr Ryno Opperman, member of the Trust. Other bursaries were awarded to Eleanor Bernard and Nandi Venter, Master’s students from the Department of Afrikaans and Dutch, French and German, who each received half of the NNP bursaries with the total value of R20 000 and Magteld Smith, a blind Ph.D. student in BA to whom the Sapcor Bursary was awarded. Carien Gordon, Geoff Bezuidenhout and Ilana van der Merwe received R6 000, R3 500 and R3 500 respectively, according to their ad hoc applications.
Photo: Dries Myburgh

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