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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!
Centre for Financial Planning Law and INSETA making a difference
2014-07-16
The Centre for Financial Planning Law (CFPL) in the Faculty of Law at the University of the Free State and the Insurance Sector Education and Training Authority (INSETA) has established a hugely-beneficial collaboration. Due to this partnership, students at CFPL has access to bursaries of R950 000. These bursaries are available to students studying towards a undergraduate BIuris degree, a postgraduate diploma in Financial Planning, or an advanced postgraduate diploma in Financial Planning.
The CFPL handles the recruitment and selection process for the bursary fund, which will cover up to R68 040.95 for tuition, accommodation and book fees. In addition, the bursaries also cover other fees such as equipment and registration.
According to Shirly Hyland, Director of the Centre for Financial Planning Law, the centre recognises the financial strain some students undergo. The bursaries will therefor enable many of these students – who considered discontinuing their studies because of financial constraints – to continue studying, making a tremendous difference in their lives.