Matriculant entrepreneur initiative launched

2020-04-01 06:00
Prof. Henk de Jager, Vice-Chancellor and Principal during the competition launch.

Prof. Henk de Jager, Vice-Chancellor and Principal during the competition launch.

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The Central University of Technology, Free State (CUT) has teamed up with private two entities to foster entrepreneurship among Grade 12 learners.

To attain this goal the university launched the Entrepreneurial Matriculant of the Year Competition, recently (12/03) in Bloemfontein.

The competition aims at inspiring Grade 12 pupils to consider entrepreneurship which is deemed key to address South Africa’s high youth unemployment standing at 58.84% and strengthen business skills.

The competition is envisaged to generate the learners interest to develop and describe a business idea, enhance entrepreneurial skills with the aim of encouraging self-learning, instil basic research skills and to provide real-life experiences to learners in developing business plans and pitching to investors.

It also aims at enabling the learners’ problem-solving, financial management and decision-making abilities.

Entries will open for all matriculants in the central region of South Africa which include the Free State, Northern Cape and North West.

It will also be extended to learners in neighbouring provinces such as Gauteng who attend quintile 1,2,3 and former Model C schools.

The schools will conduct their internal competitions and then select their most promising business descriptions for a provincial-level competition.

From the schools’ submissions, a panel will select and award prizes to the top five entries.

Each award recipient will have the opportunity to play CUT’s VALU-E game set, which will introduce them to the vagaries of setting up and running an actual business. The game set will culminate with players designing a real business plan. Participating learners will have enough time to work through their ideas and bring their best to the table.

The competition closes in August and more information will be posted on the CUT webpage.


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