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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

South Africans can be first movers
2014-04-29

 
Dr Liz Lange, Prof Hussein Solomon, Minister Naledi Pandor and Prof Nicky Morgan
Photo: Johan Roux
Minister of Home Affairs, Naledi Pandor, recently addressed staff, students and members of the community at the CR Swart Auditorium, UFS.

During a public lecture hosted by the Department of Political Studies and Governance, in collaboration with the Free State Legislature, Pandor spoke about The Role of Intellectuals and Academics in moving South Africa forward. She challenged young minds to become the innovative game changers of tomorrow and stressed the importance of tertiary education and its impact on national developments.

“Our country and the world need large quantities of undergraduate institutions,” said Pandor. “We need new innovative partnerships. Private sector research and public sector research need to be married. And we as government should promote private sector development.”

Referring to the breakthrough for South Africa on Africa Day 2012, Pandor made it clear that South Africans have the potential to be first movers, although it has not always been the case. It was announced on Africa Day 2012 that Africa had been named as the preferred site for the Square Kilometre Array (SKA) radio telescope (http://www.ska.ac.za/releases/20120525.php). This undertaking contributed immensely in fuelling the interest in science and technology among South Africans.

“We cannot rely on the same things always. We as South Africans are not usually the first movers. We tend to adopt innovations from elsewhere. But, we need to do more to initiate innovative start-ups … especially in the fields of IT and high-tech innovations.”

Conclusively, this leads to the question of whether we as South African are doing enough to further build a new generation of intellectuals?

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