Student Business Competition – Top 15 young entrepreneurs to advance to next round

Annette Willemse -- Thu, 05/21/2015 - 13:34

Student Business Competition – Top 15 young entrepreneurs to advance to next round

“You don’t have to wait until after graduation to run your own business!” This is according to Ms Clarise Mostert, a lecturer within the School of Economic Sciences within the Faculty of Economic Sciences and Information Technology on the Vaal Triangle Campus of the North-West University (NWU Vaal).

Clarise is also a coordinating member of the Campus’s annual Student Business Competition as hosted by the bHive Enterprise Development Centre (bHive EDC). The latter michael kors australia online refers to a dynamic unit on the Campus and when it comes to entrepreneurship and the value thereof – not only for start-up business owners but also for graduates, the Centre is making its impact felt.

Mrs Clarise Mostert, lecturer and coordinator of the Student
Business Competition
Mr Johan Landsberg,Manager of the
bHive EDC

Entrepreneurship represents the heartbeat of the bHive EDC and as such it provides young entrepreneurs with the necessary skills and business support to harness their skill and build their own support network.  The annual Student Business Competition offers students – from both faculties on the Campus, to become future employers and henceforth job creators by embracing the value of michael kors stockists australia entrepreneurship as a career choice. This year saw more than 25 students entering the competition after a rigorous screening process. On Friday, 29 May 2015, these students will each be granted an opportunity to pitch their respective business concepts to a panel of judges after which the Top 15 participants will be announced.

Each pitch need to include an answer to the following question:

  • What is the business?
  •  How does it work?
  • Who is your target market/typical customer?
  • Where will the business be located?
  •  When are you planning to start this business?
  • Why is this the best business idea?

According to Clarise student spinoff companies are of interest to all progressive universities, particularly those that support research and teaching programmes in the field of entrepreneurship – such as the North-West University. “These entrepreneurial ventures provide tangible evidence that students acquire viable entrepreneurial skills while studying at the University,” says Clarise and adds that young entrepreneurs contribute to regional economic development, help to commercialise knowledge that otherwise would go undeveloped and help the University attain and expand its core mission undertaking. In the case of the NWU Vaal, the importance of entrepreneurship is valued as part of the Campus’s mission statement and as such students are encouraged to embrace an entrepreneurial ethos.

More about the Student Business Competition

The competition runs over a period of two semesters to allow participants sufficient time to work on their business pitch whilst benefitting from several workshops aimed at strengthening both the academic and practical understanding of entrepreneurship.

One of the on-Campus partners closely involved with the Student Business Competition is the student affiliated body, Young Entrepreneur Business Organisation – or YEBO as it is better known. As an affiliated body to the Campus’s Student Representative Council, YEBO aims to improve entrepreneurship awareness among students and by doing so influence young people – especially university graduates, into having a positive outlook on business ownership. Apart from marketing the Student Business Competition amongst their peers, the team from YEBO is also pro-actively working towards finding a solution – in the form of entrepreneurship, for graduate unemployment.

The competition will be decided over several rounds during which the participants have the opportunity to view their scorecards in order for them to monitor their performance. The final round will see the top five entrepreneurs competing for a place on the winners’ podium.

Each participant will be assigned a mentor to coach him/her during the course of the competition. These mentors are all knowledgeable experts in their respective fields of focus and will add value to the existing body of knowledge in terms of entrepreneurship. The mentors are: Johann Landsberg, Clarise Mostert, Natanya Meyer, Jani Jooste and Charles van der Vyfer.

For more information, feel free to send an e-mail to Mrs Clarise Mostert at clarise.mostert@nwu.ac.za