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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

UFS students part of winning team in international competition
2006-06-12

The South African team, consisting of students from the Universities of the Free State (UFS), Stellenbosch and Pretoria won a student competition during a conference of the International Food and Agribusiness Management Association (IAMA) that was held in Buenos Aires, Argentina.

Six student teams from across the world took part in the competition.  The teams had to develop a business strategy for an Italian company that is threatened by the dreaded bird flu epidemic.  Two heats were held and the South African team walked away with the laurels.

The South African team that won the competition were, from the left: Prof André Jooste (Departmental Chairperson:  Department of Agricultural Economics at the UFS), Prof Kobus Laubscher (team advisor and lecturer at the UFS Department of Agricultural Economics), Bonani Nyhodo (student at the University of Stellenbosch), Dr Dirk Esterhuizen (Manager:  Agricultural Information of the Agricultural Chamber of Business and student at the University of Pretoria), Prof Herman van Schalkwyk (Dean: Faculty of Natural and Agricultural Sciences at the UFS), Olubukola Oyewumi (UFS student), Hilton Madevu (student at the University of Pretoria) and Lindie Botha (UFS student).

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