EDHE Entrepreneurship Intervarsity

Competition Documents

Terms and Conditions

By entering the Competition and/or accepting any prize, all contestants and winners agree to be bound by the terms and conditions below (“Rules”).

Conditions related to the definitions of Category 1 – 5

      1. Eligible businesses competing in Category 1: New Business Ideas are defined as (and with consideration of the other terms in this document):
        1. Either formal or informal businesses;
        2. Will be operating with a legal business model (e.g., not pyramid schemes);
        3. Will be trading in legal products or services;
        4. Will be majority owned and operated by registered students at a South African public university;
        5. Are in the idea stage or have been in operation for less than one year on the submitted business model; and
        6. Will be operating within the South African borders.

     

      1. Eligible businesses competing in Categories 2 to 5: Existing businesses are defined as (and with consideration of the other terms in this document):
        1. Either formal or informal businesses;
        2. Operating with a legal business model (e.g., not pyramid schemes);
        3. Trading in legal products or services;
        4. Are majority owned and operated by registered students at a South African public university;
        5. Have been in operation for one year or more based on the submitted business model;
        6. Are already earning target customer-derived revenue; and
        7. Are operating at least within the South African borders.

     

    1. Eligible businesses competing in Categories 5: Research-based businesses are defined as (and with consideration of the other terms in this document):
      1. Must be solving problems that align with the Sustainable Development Goals (SDGs);
      2. Must have a proof of concept;
      3. Entries are open to students in South Africa who are currently studying at the undergraduate or postgraduate level in the year of application, as well as to staff members employed at the 26 public universities;
      4. Entries can be submitted by individuals or groups;
      5. Contestants must own at least 51% of the business;
      6. Businesses are required to ensure that they own, or have sufficient permission to use, any intellectual property that is or will be used by the business or as part of the business idea. Contestants will be responsible for any consequences or losses arising from the business using the intellectual property without permission. The Organiser will not accept responsibility for any such consequences or losses.

General conditions related to the competition

  1. The EDHE and Universities South Africa (USAf) is the owner and Organiser of the Competition.
  2. The Student Entrepreneurship Coordinator from each university is responsible for conducting due diligence on contestants proceeding to the regionals, including obtaining necessary company registration documents and proof of majority shareholding.
  3. All Contestants must be undergraduate or postgraduate students registered at one of the 26 public universities in South Africa, and submissions can be made by individuals or groups.
  4. Category 3: Existing Business – Social Impact is the only category that accepts submissions from both non-profit and for-profit entities.
  5. Employees of the Universities may only participate in Category 5: Research-Based Businesses are not eligible to enter the competition in any other category.
  6. Contestants must confirm that they are a majority shareholder of the business, alternatively, the combined student shareholding must be at least 51% or more.
  7. Contestants are responsible for ensuring that their submission is complete, complies with the competition criteria, is legible, and is submitted on time. The Organiser cannot be held responsible for any disqualification resulting from incomplete, non-compliant, illegible, or late submissions. Entries received at any time outside of the period stipulated herein will be disregarded. The Organiser will not be liable for any technical failure that may result in an entry not being successfully submitted.
  8. There is no entry fee payable for the competition. No payment to the Organiser or any third party is required for purposes of entering the competition.
  9. Contestants must confirm that all intellectual property used in their entry is owned by the business or used with permission and indemnify the Organiser and the South African Government against any third-party claims related to the unauthorised use of intellectual property. Contestants must confirm that all information provided is true and accurate.
  10. Any contestant who willfully and/or negligently misrepresents information will immediately be disqualified. Any contestant, after winning a prize is identified as having misrepresented any information, will be required to return any prizes so won and may be subjected to the Disciplinary Code for his/her university.
  11. All contestants must be at least 18 years old or turning 18 years of age within the year of the competition. If a registered student at a South African university is younger than 18, parental consent for participation should be provided to the relevant university’s Organiser and to EDHE.
  12. Organiser’s decision is final and binding. No correspondence and/or other forms of communication will be entered into by the Organiser in this regard.
  13. The winners will be notified via email and/or SMS, by the latest seven days after the competition.
  14. Each business must appoint one representative to participate in the competition who will be the main point of contact with the Organiser. While all team members will be featured in marketing materials, only the designated representative may present the business throughout the competition. In the event of an emergency where the designated representative cannot participate, another team member may be allowed to take their place with prior approval from the Organiser. The Organiser reserves the right to remove entries from the competition if the designated representative is not adhered to.
  15. Business ideas relating to or existing businesses operating in the tobacco, firearms (excluding for sporting use), alcohol, adult (sex), and gambling/wagering industries are not eligible for the competition due to potential harm associated with these substances and regulatory considerations. The competition does not endorse or condone substance abuse of any kind, and businesses that promote these industries are also prohibited.
  16. The Organiser may require the winner (at no payable fee to such winner) to be identified, photographed, filmed, and or the foregoing to be used in EDHE advertising campaigns and/or published in any media including but not limited to brochures, marketing material, social media site(s)/platform(s). By entering into the Competition, the contestant provides consent that EDHE may use his/her names and images in any and all such EDHE-related publicity material. The contestant understands that he/she may withdraw consent at any time, although it may not be possible to remove images or videos from certain types of publications, for instance, pamphlets or newsletters that have already been distributed. The contestant cannot withdraw consent retroactively. This means that the EDHE is authorised to use the contestant’s image or recording as indicated above until consent is withdrawn.
  17. The Organiser will make reasonable efforts to respect and protect any clearly labeled confidential information provided by contestants; however, due to the nature of the competition, they cannot guarantee the confidentiality or be held responsible for any confidential information submitted. Contestants should use their discretion when deciding what information to provide to EDHE.
  18. Personal data of contestants and winners will be used in accordance with data protection legislation and will not be disclosed to third parties without their prior consent. Any personal data relating to the winner(s), or any other contestant(s) will be used solely in accordance with the Protection of Personal Information Act, No. 4 of 2013, as amended. By entering and participating in the competition, the contestant(s) agrees that the Organiser may collect and process his/her personal information for the purposes of this competition and for communication or statistical purposes.
  19. EDHE reserves the right to withdraw any submission to the competition at any time if it is found to be in breach of any of the pre-established conditions and/or Rules laid out in this document.
  20. The Organiser reserves the right to modify, without prior or any notice other than on the competition website the competition’s entry forms and requirements, dates, criteria, categories, adjudication process, or any other aspect of the competition as deemed necessary in the interest of fairness, transparency, or operational circumstances, after consultation with the university coordinators of the competition.
  21. The prizes will be paid by way of electronic transmission into a bank account nominated by the winners in writing, within 60 (sixty) working days of having notified the contestant(s) that he/she has won.
  22. If EDHE is unable to contact the winner; alternatively, should the winner not provide EDHE with banking details within 14 (fourteen) days of having been notified thereof. EDHE reserves the right to withdraw the prize and elect a replacement winner.
  23. The judges’ decision is final. However, if it is discovered that the winner has breached any of the terms and conditions, the competition Organiser reserves the right to reconsider the judge’s decision. Should a majority consensus not be reached among the judges, the Director: Entrepreneurship at USAf will have the deciding vote.
  24. The use or reference to EDHE by contestants for commercial or promotional purposes is prohibited unless EDHE has provided prior written consent.
  25. Contestants must ensure that any reference to the Organiser is factually accurate and no defamatory statements about the Organiser or the competition may be made public.
  26. The competition and its terms and conditions are subject to South African law.
  27. By participating in this competition, contestant(s) agree to be bound by these terms and conditions.
  28. Prizes will be awarded based on merit and the Organiser and adjudicators do not prescribe how the prize money should be spent.
  29. The prizes awarded in the competition are non-negotiable.
  30. The Organiser reserves the right to withdraw any submission from the competition if it is found to be in violation of the pre-established conditions and rules outlined in this document.
  31. Entries in Category 1: New Business Ideas will only be able to proceed from the internal rounds to the regional rounds. Only Existing Business Categories will be eligible for participation in the national finals, i.e., categories 2 to 5.
  32. The winning entry will be publicly accessible and will be publicly associated with the winner’s name. The contact information of the winners will be available upon request by contacting the Senior Student Engagement Officer at EDHE, Mr Sandile Shabalala at sandile@usaf.ac.za.
  33. The university Student Entrepreneurship Coordinator responsible for coordinating this competition at the winner’s university will facilitate and monitor the interaction between the winner and the requester. The information will only be provided to requesters with legitimate reasons, such as follow-up interviews, potential investment opportunities, and other relevant matters related to the competition. This measure is in place to ensure the privacy and personal information of the winners are protected, and that the interaction is professional and appropriate.
  34. EDHE reserves the right to terminate the competition with immediate effect; alternatively, to amend the competition and/or the Rules out of convenience or in the event of circumstances beyond its control, including but not limited to an act of God, civil of military disturbance, a catastrophe, the Covid-19 pandemic, or any actual or anticipated break of any applicable law or regulation. EDHE will notify contestants of any changes to the competition and/or the Rules as soon as reasonably possible.
  35. Should the competition be terminated; alternatively, should the competition and the Rules be amended by EDHE, all contestants hereby waive any rights which they may have against EDHE and/or its employees and acknowledge that they will have no resource or claim of any nature against EDHE and/or its employees. The Period of the competition may also be extended or curtailed at the sole discretion of EDHE.

Conditions relating to business feedback and commentary from adjudicators.

  1. I/we understand and agree that the competition and its authorised adjudicators may provide me/us with certain comments and feedback on certain parts of my/our entry and acknowledge and agree that:
  2. Feedback and comments on presentations will be provided by the authorised adjudicators, in their personal capacities, and not those of the Organiser or the South African Government or its agents;
  3. The feedback and comments are based on the information provided and are given in good faith to assist contestants in improving their business concept, model, performance, processes, and competitiveness;
  4. The feedback and comments do not constitute professional financial, legal, or technical advice;
  5. I/we should not under any circumstances make any decisions, or take any action, whether legal, financial, technical or of any other kind, without full and thorough consideration and without first obtaining appropriate financial, legal, technical, and other professional advice.
  6. In view of the fact that business models, plans, processes, and performance are dynamic and subjective, no correspondence will be entered into regarding the adjudicators’ comments and the adjudicators will not be identified individually.
  7. I warrant that I am authorised to represent the business or entity that is entered. I understand, accept and agree to abide by the Rules, terms, and conditions of the Intervarsity

Competition prizes

Category Prizes:

  • Category 1: New Business Ideas – certificates of participation for the 6 regional round winners
  • Category 2: Existing Business – Tech – R20 000, 00
  • Category 3: Existing Business – Social Impact – R20 000, 00
  • Category 3: Existing Business – Social Impact 1st Runner Up – R10 000, 00
  • Category 3: Existing Business – Social Impact 2nd Runner Up – R10 000, 00
  • Category 4: Existing Business – General – R20 000, 00
  • Category 5: Research-Based Businesses – R20 000, 00

Other Prizes:

  • Studentpreneur of The Year 2023 – R100 000, 00
  • New Business Idea of The Year 2023 – R20 000, 00
  • Programme-Based Recognition – Trophy only
  • Entrepreneurial University of The Year – Trophy only

Judging criteria for the competition categories

Refer to the Terms and Conditions related to the definitions of Category 1 – 5 when reading this document.

Category 1: New Business Ideas

This category is open to students who are registered in 26 public universities in South Africa in the year of application, and who are still considering entrepreneurship with promising business idea. New ideas that are patented outside South Africa are also accepted in the competition if they are customised for the South African market. The business should produce a Minimum Viable Product at the Regional Rounds. Considering the new focus on attracting investors, this category will be available in the internal rounds and regional rounds only, while only “existing business” categories will be eligible for the national finals.

Judging Criteria:

  1. Business description: How clear and comprehensive was the description of the business idea?
  2. Innovation: To what extent does the business idea represent a breakthrough new concept (50%), improvement over current methods (30%), and level of sustainability (20%)?
  3. Market analysis: How well-defined is the target market, what is the size and growth of the market, is there a genuine need for the product or service, and how is consumers’ willingness to pay?
  4. Product or service analysis: How clear is the description of the product or service, and is it feasible? How easily can it be duplicated, and are there potential substitutes for the product?
  5. Competition: How well-defined are the current and potential competitors, and has an analysis of their strengths and weaknesses been adequately provided?
  6. Marketing strategy: To what extent is the marketing plan realistic and well-defined?
  7. Operations: What is the procedure for the business operations, including inputs, processes, and outputs?
  8. Finances: How well are the startup costs, expenses, price per unit, break-even point, and declaration of profit or loss explained?
  9. Management/technical complexity: How has the individual/team identified the necessary resources, knowledge, and skills to successfully implement the solution, and what measures have been taken to demonstrate their expertise for operating the business, thus justifying their ability to solve any complex management or technical challenges that may arise?
  10. Presentation: Evaluate the following aspects of the pitch in terms of presentation skills:
  • How well-prepared was the presenter?
  • Did the presenter engage and maintain the audience’s attention?
  • Did the presenter speak confidently and authoritatively?
  • Were visual aids effective in supporting the presentation?
  • Was the pitch exciting and compelling?

Category 2: Existing Business – Tech

This category is intended for existing businesses that are technology-based. These businesses should demonstrate the reliance on the use of technology in their product or service, or in their operations. However, businesses that use technology as an add-on, such as delivery apps, e-commerce platforms, website development, or digital media services, are not considered.

Judging Criteria:

  1. Business description: How is technology incorporated into the business and which industry does it belong to (e.g., fintech, agritech, biotech, etc.)?
  2. Innovation: How directly is the business model linked to technology, the extent to which it represents an improvement over current methods or introduces a new product or service (30%), and the level of scalability of the business (20%)?
  3. Market analysis: How well-defined is the target market, what is the size and growth of the market, has a prototype been demonstrated in a relevant environment or context, and is there a genuine need for the technology-based product or service?
  4. Product or service analysis: How clearly is the functioning and use of the technology-based product or service defined?
  5. Competition: How well-defined are the direct and indirect competitors, and what is the unique competitive advantage that the technology-based business has over its competitors?
  6. Marketing strategy: How clearly defined is the go-to-market plan and the tools that will be used to capture the target market?
  7. Operations: What is the procedure for the business operations, including inputs(resources), processes, and outputs (products or services)?
  8. Management/technical complexity: How has the team identified the necessary resources, knowledge, and skills to successfully implement the solution, and what measures have they taken to demonstrate their expertise for operating the business, thus justifying their ability to solve any complex management or technical challenges that may arise?
  9. Finances: Has a detailed explanation been provided on the following financial aspects:
    • Opex: Explain the operational expenses involved in running the business.
    • Capex: Define the capital expenditures, such as assets, required to operate the business.
    • Sales: Provide information on the number of products sold and the cost per product.
    • Business model: Describe how the business generates revenue or collects payment from its clients.
    • Profitability: Explain whether the business is profitable, and if so, how much. If not,
    • provide a projection for when the business is expected to become profitable.
  1. Presentation: Evaluate the following aspects of the pitch in terms of presentation skills:
  • How well-prepared was the presenter?
  • Did the presenter engage and maintain the audience’s attention?
  • Did the presenter speak confidently and authoritatively?
  • Were visual aids effective in supporting the presentation?
  • Was the pitch exciting and compelling?
  • How effectively did the presenter manage their time during the pitch?

Category 3: Existing Business – Social Impact

This category is for entrepreneurs and social innovators who have developed innovative products, services, and processes that solve social problems. The focus is on existing businesses with a clearly defined mission and demonstrating a commitment to making a positive change in the world while making a profit. Contestants should be passionate and committed entrepreneurs who have a deep understanding of the social issues they aim to address and are dedicated to creating positive change in the world. Existing Business – Social Impact is the only category that accepts submissions from both non-profit and for-profit entities.

Judging Criteria:

  1. Societal impact description: What social problem does the innovation solve, and how significant is the impact of the solution on the targeted community?
  2. Innovation: How innovative is the proposed solution? Does it represent a significantly new approach to addressing social problems through a new business model, technology, product, service, or production method?
  3. Feasibility: How feasible is the implementation of the solution in terms of creating a significant social impact and addressing the targeted social problem?
  4. Sustainability: To what extent is the solution commercially viable and financially sustainable to ensure long-term social impact and success?
  5. Accessibility: Is the solution accessible and affordable to the target population, ensuring that it can reach and benefit the intended beneficiaries in a sustainable manner?
  6. Operations: How does the business operate to ensure efficient and effective use of resources to achieve the desired social impact? What inputs and processes are necessary to produce the outputs (products or services) that address the targeted social problem?
  7. Scalability: How does the business plan to scale and expand its impact to reach a larger audience?
  8. Finances: Has a detailed explanation been provided on the following financial aspects:
    • Opex: Explain the operational expenses involved in running the business.
    • Capex: Define the capital expenditures, such as assets, required to operate the business.
    • Sales: Provide information on the number of products sold and the cost per product.
    • Business model: Describe how the business generates revenue or collects payment from its clients.
    • Profitability: Explain whether the business is profitable, and if so, how much. If not,
    • provide a projection for when the business is expected to become profitable.
  9. Management/technical complexity: How has the team identified the necessary resources, knowledge, and skills to successfully implement the solution, and what measures have they taken to demonstrate their expertise for operating the business, thus justifying their ability to solve any complex management or technical challenges that may arise?
  10. Presentation: Evaluate the following aspects of the pitch in terms of presentation skills:
  • How well-prepared was the presenter?
  • Did the presenter engage and maintain the audience’s attention?
  • Did the presenter speak confidently and authoritatively?
  • Were visual aids effective in supporting the presentation?
  • Was the pitch exciting and compelling?
  • How effectively did the presenter manage their time during the pitch?

Category 4: Existing Business – General

This category is open to all types of existing businesses that meet the competition’s Terms and Conditions, with a focus on businesses that have demonstrated a track record of success and proven products or services, and a clear understanding of their market. The judges will be looking for businesses with a strong value proposition, a sustainable business model, and a competitive advantage. This category is open to existing businesses that are not focused on technology, social impact, or research-based.

Judging Criteria:

  1. Business description: How clear and comprehensive is the description of the business and its activities provided in the application?
  2. Innovation and differentiation: How innovative and unique is the approach of the business in terms of representing an improvement over current methods or introducing a new product or service, and how well does the business differentiate itself from competitors?
  3. Market analysis: How well-defined is the target market, what is the size and growth of the market, and is there a genuine need for the products or services offered by the business? Additionally, has the solution been demonstrated in a relevant environment or context?
  4. Product or service analysis: How clearly is the product or service offered by the business defined, and how well does it meet the needs of the target market? Are the features and benefits of the product or service effectively communicated, and does it have a competitive advantage over other similar offerings in the market?
  5. Marketing strategy: How well-defined is the marketing strategy, including its go-to-market plan and the tools used to capture the target market?
  6. Operations and resources: What is the procedure for the business operations, including inputs (resources), processes, and outputs (products or services)? How efficient and effective is the business in utilizing its resources to achieve its goals and objectives?
  7. Management and team: How well have the business identified and acquired the necessary resources, knowledge, and skills to successfully operate the business, and what measures have they taken to demonstrate their expertise in managing any complex technical or operational challenges that may arise? How capable is the management team?
  8. Financial planning and performance: Have the business provided a detailed explanation of its financial aspects, including operational expenses (Opex), capital expenditures (Capex), sales data, and its business model? Is there a clear understanding of the profitability of the business, including current financial performance and projected future profitability?
  9. Customer focus and feedback: How well does the business understand its customers’ needs and preferences, and how does it incorporate customer feedback into its operations and product/service development?
  10. Presentation: Evaluate the following aspects of the pitch in terms of presentation skills:
    • How well-prepared was the presenter?
    • Did the presenter engage and maintain the audience’s attention?
    • Did the presenter speak confidently and authoritatively?
    • Were visual aids effective in supporting the presentation?
    • Was the pitch exciting and compelling?
    • How effectively did the presenter manage their time during the pitch?

Category 5: Research-Based Business

This category is designed to encourage the commercialisation of research by both students and university staff. It seeks to foster innovation and support the development of research-based startups with proof of concept in any field. The judges will be looking for individuals or teams who have made significant contributions to scientific- and technology research through the collection, analysis, and interpretation of data, as well as businesses that have developed innovative products or services that have not yet been commercialised or have been commercialised. This category is also open to businesses that have developed innovative products or services that address social or environmental challenges.

Judging Criteria:

  1. Identified problem/need: What is the identified problem/need, how does it align with Sustainable Development Goals (SDGs), how was it validated, and what is its significance?
  2. Technology readiness level (TRL): What is the current level of technology readiness and development of the proposed solution?
  3. Proposed solution: What is the uniqueness and benefits of the proposed solution (product/process/service) to customers?
  4. Market analysis: Who are the groups of people (market) who have this problem/need and are likely to pay to have it solved? What is the detailed analysis of the market segmentation (in terms of size, structure, geography, growth, market need and/or unmet need)?
  5. Route to market: What is the likely route to market for the proposed solution? Who are the competitors with the same or similar offerings?
  6. Intellectual Property (IP): What is the existing intellectual property that underpins the product/process/service that is registered? Have any IP searches been conducted in relation to the proposed product/process/service?
  7. Project plan and associated budget: What are the grand purpose and deliverables of the project? How will it assist in addressing the identified need? What is the summary of the results of work already conducted?
  8. Investor potential: What is the attractiveness of the business model and viability, returns potential for investors, team quality and competencies, market opportunity/size, realistic implementation and sustainability opportunities, and completeness of plan and attention to detail?
  9. Achievements: What achievements have been made by the innovation nationally and internationally? Have any awards/recognition been received from this innovation?

Studentpreneur of The Year

Judging criteria:

  1. Judges’ overall score: The Studentpreneur of the Year award will be presented to the student entrepreneur who earns the highest score from the judges among the winners of the Existing Business categories. This category carries the most weight in the evaluation process.
  2. Financial performance: The student entrepreneur must have presented a business that demonstrates exceptional financial performance in the past year. This category evaluates the student’s ability to manage finances effectively and generate revenue.
  3. Growth potential: The business presented by the student entrepreneur should demonstrate long-term profitability and sustainability. This category assesses the student’s ability to scale their business and adapt to changing market conditions.
  4. Impact: Finally, the Studentpreneur of the Year should be creating a positive impact in the economy by solving economic or socio issues in a unique way.
  5. Personal attributes: the student entrepreneur must show passion, resilience, perseverance, and commitment to their business. The student must have shown dedication, hard work, the ability to overcome challenges, demonstrate exceptional business acumen, creativity, leadership, commitment to creating a positive impact, and show the ability to be a role model amongst other aspiring studentpreneurs.

New Business Idea of The Year

Judging criteria:

  1. Uniqueness and innovation: How innovative and unique is the product or service provided by the student entrepreneur, and how well does it differentiate itself from existing solutions in the market?
  2. Impact: Is the student entrepreneur creating positive change or solving economic, social or environmental issues in a unique and innovative way?
  3. Scalability and growth potential: How scalable is the business idea, and what is its growth potential in terms of market size, market growth, and customer demand?
  4. Business model: How sustainable and profitable is the business model, and how effectively does it address customer needs and preferences?
  5. Execution and traction: How effectively has the student entrepreneur executed the business idea and gained traction in the market, as demonstrated by customer feedback, sales, and partnerships?

Programme-Based Recognition

Judging criteria:

  1. Impact on entrepreneurship development: The program should have a clear and measurable impact on entrepreneurship development in higher education for students, academia, learning and teaching, research, or the broader entrepreneurial university ecosystem at large.
  2. Innovation and creativity: The program should demonstrate innovation and creativity in its approach to promoting entrepreneurship development, such as through the use of new technologies, partnerships with industry, or unique training methods.
  3. Sustainability: The program should demonstrate a commitment to sustainability in its efforts to promote entrepreneurship development.
  4. Engagement and outreach: The program should demonstrate a commitment to engaging and outreach to the wider community, such as through partnerships with local businesses or community organisations, or by providing mentorship opportunities to students.
  5. Evaluation and improvement: The program should have a clear process for evaluating its impact and improving its effectiveness over time, such as through regular feedback from students, faculty, and industry partners.
  6. Entrepreneurial Leadership: A university program that demonstrates initiative and accountability in proactively developing and implementing entrepreneurship support programs that meet the needs of students, without external prompting.

Adjudication Process

The adjudication process will consider several factors, including the feasibility of the business model, the target market, and the level of investment made in the business thus far. The adjudicators will be carefully selected and will meet specific criteria. The process will ensure consistency and fairness throughout. The regional and final rounds will be monitored by qualified auditors.

Adjudication rules and processes will be submitted soon!

Description of Business Terms

Business terms in the Business Details section of the application form

  1. Barriers to market entry: Obstacles that make it difficult for new businesses to enter a market, such as high start-up costs or existing competition. Regulatory barriers, such as licensing requirements, can also pose a significant challenge to new businesses attempting to enter a market.
  2. Business entity name: The legal name that a business uses to identify itself, which is registered with the relevant authorities.
  3. Business entity: A legal structure through which a business operates and can include private company, sole proprietorships, partnerships, corporations, and other types of legal entities.
  4. Business industry: A broader category that includes multiple related sectors, often defined by the type of product or service being provided.
  5. Business model: A plan that outlines how a business intends to generate money and make a profit.
  6. Business product and services: The goods or services that a business provides to its customers. Services can also refer to intangible services, such as consulting or software development.
  7. Business scaling: The process of increasing a revenue and profit of the business by expanding its operations or customer base.
  8. Competitor: A business that provides similar products or services in the same market.
  9. Consumer: An individual who purchases and uses products or services.
  10. Core offerings: The primary products or services that a business provides to its customers.
  11. Customer base: The group of customers who regularly buy a business’s products or services.
  12. Customer: An individual or organisation that purchases or uses a business’s products or services.
  13. Distinct features: Unique characteristics or attributes of a product or service that differentiate it from competitors in the market.
  14. Entrepreneur: An individual who starts and operates a business, taking on financial risks in the hope of making a profit.
  15. Ideation: The process of generating and developing new ideas for a business, product, or service.
  16. Market: A group of potential customers who share similar needs or characteristics and are willing to pay for a particular product or service.
  17. Marketing and sales strategy: A plan that outlines how a business intends to attract and retain customers, generate revenue, and grow its business. Marketing and sales strategy should also include a plan for distribution, such as online sales, physical retail locations, or partnerships with other businesses.
  18. Operating business: A business that is currently active and providing products or services to customers.
  19. Operational: The day-to-day activities and processes that a business uses to deliver its products or services.
  20. Permanent jobs: Jobs that are offered on a permanent basis, typically with a regular salary and benefits.
  21. Probable outputs: The expected outcomes of a business venture, including revenue, profit, and growth.
  22. Product replicable: A product that can be easily reproduced or copied by competitors in the market.
  23. Profit: The amount of money a business earns after deducting all its expenses from its revenue.
  24. Registered business: A business that has been formally registered with the relevant authorities in the country where it operates.
  25. Revenue: The total income generated by a business from the sale of its products or services, before deducting any expenses or taxes.
  26. Sector: A specific area of economic activity that includes businesses that produce similar products or services, and/or operate within similar market environments. Sectors can also be defined by the type of consumer or industry being served.
  27. Temporary employment: Jobs that are offered for a limited duration or for a specific project, often without the same benefits as permanent positions.
  28. Turnover: The total amount of revenue a business generates from sales of products or services during a specific period.

Business terms in the Investment Requirements section of the application form

  1. Copyright: A legal right granted to a creator of original artistic or literary works, which gives them exclusive rights to reproduce, distribute, and sell their works.
  2. Funding: Money or other resources that are provided to a business to help it start up, operate, or expand.
  3. Patent: A legal right granted to an inventor or business owner that gives them exclusive rights to use, manufacture, and sell an invention or product for a certain period.

University Coordinators

Contact list of University student Entrepreneurship Coordinators:

Ms Annelie Steenkamp
Email: annelie.steenkamp@nwu.ac.za

Dr Rita Klonaridis
Email: rita.klonaridis@nwu.ac.za

Ms Mimi Tsosane
Email: mimi@vut.ac.za

Ms Mmatshepo Rathebe
Email: matshepor@vut.ac.za

Ms Gail Motlhaudi
Email: gail.motlhaudi@spu.ac.za

Mr Fattinald Rangongo
Email: fattinald.rangongo@spu.ac.za

Mr Mojaki Mothibi
Email: mothibimj@ufs.ac.za

Ms Mamoya Khotha
Email: khothamr@ufs.ac.za

Mr Bhekumusa Zikhali
Email: zikhalibn@ufs.ac.za

Mr David Kutwane Kareli
Email: kkareli@cut.ac.za

Ms Khanyisile Blaai
Email: nblaai@wsu.ac.za

Mr Sipumelele Ntshebe
Email: sntshebe@wsu.ac.za

Sabelo Malindisa
Email: smalindisa@wsu.ac.za

Prof Tshidi Mohapeloa
Email: t.mohapeloa@ru.ac.za

Ms Carol Dineo Diale
Email: c.diale@ru.ac.za

Ms Nasiphi Faxi
Email: n.faxi@ru.ac.za

Mr Thobani Mesani
Email: t.mesani@ru.ac.za

Karen Snyman
Email: karen.snyman@mandela.ac.za

Lonwabo Myoli
Email: Lonwabo.Myoli@mandela.ac.za

Mr Dzulani Munzhelele
Email: dmunzhelele@ufh.ac.za

Ms Pangomsa Ntonjane
Email: pntonjane@ufh.ac.za

Mr Athenkosi Matshini
Email: amatshini@ufh.ac.za

Adv. Vuyo Zamikhaya Siko
Email: vsiko@ufh.ac.za

Ms Ntombekhaya Ntisa
Email: nntisa@ufh.ac.za

Ms Beverly Seima
Email: beverly@tuksnovation.co.za

Mr Tshegofatso Mogaladi
Email: tshegofatso.mogaladi@wits.ac.za

Ms Neo Tiamo
Email: neo.tiamo@wits.ac.za

Mr Risuna Maluleke
Email: risuna.maluleke@wits.ac.za

Ms Kristan Sharpley
Email: kristan.sharpley@wits.ac.za

Ms Oageng Juliet Mokoka
Email: mokokoj@unisa.ac.za

Nthabeleng Mmako
Email: mmakonm@unisa.ac.za

Ms Elizabeth Masoleng
Email: masolenges@tut.ac.za

Mr Thabang Hangwane
Email: HangwaneTP@tut.ac.za

Ms Caro Buitendag
Email: carob@uj.ac.za

Dr Teboho Tsebe
Email: tebogo.tsebe@smu.ac.za

Ms Naledi Mathole
Email: naledi.mathole@smu.ac.za

Ms Thabile Mtsweni
Email: thabile.mtsweni@smu.ac.za

Ms Dikeledi Thipe
Email: dikeledi.thipe@smu.ac.za

Dr Senoelo Nkhase
Email: senoelo.nkhase@smu.ac.za

Bonolo Kau
Email: bonolo.kau@smu.ac.za

Mr Taurai Hungwe
Email: taurai.hungwe@smu.ac.za

Mrs Simphiwe Sthembile Gumede
Email: mntambos2@ukzn.ac.za

Mr Ntuthuko Ndebele
Email: ndebelen1@ukzn.ac.za

Ms Thabile Ndaba
Email: thabilen2@dut.ac.za

Mr Thintani Mphiliseni
Email: thintanid@dut.ac.za

Dr Ayansola Ayandibu
Email: ayandibua@unizulu.ac.za

Mr Siphesihle Nkonde
Email: NkondeS@unizulu.ac.za

Mrs Ntombifuthi Mthembu
Email: mthembu.ntombi@mut.ac.za

Mr Jimmy Mohale
Email: jimmy.mohale@ul.ac.za

Ms Tokiso Mamabolo
Email: tokimamabolo@gmail.com

Mrs Makole Magoro
Email: makole.magoro@univen.ac.za

Mrs Grace Ramavhona
Email: grace.ramavhona@univen.ac.za

Dr Azwifaneli Nemushungwa
Email: azwifaneli.nemushungwa@univen.ac.za

Dr Ogujiuba Kanayo
Email: kanayo.ogujiuba@ump.ac.za

Ms Ilze Macdonald
Email: ilze.macdonald@ump.ac.za

Mrs Melody Chiume
Email: cferi_bdo@ump.ac.za

Ms Nadia Waggie
Email: nadia.waggie@uct.ac.za

Ms Algeatha Carolus
Email: algeatha.carolus@uct.ac.za

Ms Algeatha Carolus
Email: algeatha.carolus@uct.ac.za

Ms Rethabile Phorie
Email: rphorie@uwc.ac.za

Ms Wendy Mehl
Email: wmehl@uwc.ac.za

Ms Anelisiwe Magadla
Email: magadlaan@cput.ac.za

Mr Daniel Maloba
Email: daniel@launchlab.africa