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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!
Achievement for the UFS School of Management
2007-10-04
(Translated from an article that appeared in Volksblad of 27 September 2007)
The School of Management at the University of the Free State (UFS) obtained an achievement in various areas of an annual survey done by the Financial Mail. In the survey the opinion of MBA students was asked on various aspects of schools of management at South African universities.
The UFS School of Management obtained second place in terms of the quality of its curriculum and its administrative support. The teaching of two subjects, namely human resource management and marketing, achieved the top position in the division on subject standard. Leadership achieved the second position.
Students were also asked how much the schools of management contributed to the development of certain competencies such as decision making, creative thinking, problem solving, team work, leadership, communication and ethics. The UFS School of Management was rated first in terms of communication and second in terms problem solving.
The school came third in terms of business connections in the division on the expectations of students about what the schools of management can offer them.
This year 15 of the 16 registered schools of management in South Africa took part in the survey.