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03 October 2024
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Story Ansie Barnard
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Photo Supplied
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!
Economic students taken outside comfort zone
2010-08-13
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At the recent launch of the annual competition for third-year Economics students were, from left: Deon Beck, Vincent Ramorara and Limakatso Majoro.
Photo: Stephen Collett
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| The Research Cluster on Sustainable Development and the Department of Economics at the University of the Free State (UFS) recently launched an annual competition for third-year Economics students. This interdisciplinary competition, called “Economics at the grassroots”, is led by Prof. Doreen Atkinson, the Cluster Coordinator and Dr Karen Thomas, a Senior Lecturer of Economics in the Department of Economics.
Students were randomly divided into groups by Dr Thomas. As part of an ice-breaker exercise, the groups had to answer ten questions, which ranged from “What is the Rector of the UFS's second name?” to “What is the currency of Honduras and what is the value of it in Rands?”
According to Prof. Atkinson, this type of competition unleashes a new wave of creativity, as students work together on practical problems, which take the students outside their comfort zone.
The top three groups will win cash prizes, sponsored by the Afrikaanse Handelsinstituut (AHI) and Sanlam.
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