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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

Good practice discussed during workshop of the ACU Benchmarking Programme
2012-09-10

 From the left are: Prof. John Brennan, assessor from the Open University in the UK; Prof. Driekie Hay, Vice-Rector: Academic, UFS; Mr Cliff Wragg, ACU Benchmarking Programme Manager; Prof. Ellen Hazelkorn, assessor from Dublin Institute of Technology in Ireland; and Mr Mike Gallagher, Executive Director of Go8 in Australia.
Photo: Johan Roux
10 September 2012

The ACU University Management Benchmarking Programme presented a workshop on the Bloemfontein Campus of the University of the Free State (UFS) from 27 to 29 August 2012.

The programme offers a unique and cost-effective opportunity for participating universities to compare their key management processes with those in a range of other universities. This helps to identify areas for change and assists in setting targets for improvement and identifying techniques for managing change. The outcomes of the programme provide models of good practice. It creates the opportunity for networking and a workshop, guided by internationally acknowledged subject experts. This year representatives from universities in among others Australia, the South Pacific, Canada, the United Kingdom (UK) and South Africa attended the workshop. The topics discussed were financial management, managing league tables and ranking and managing graduate outcomes.
 

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