Universities are evolving beyond academic learning and becoming “dynamic hubs of innovation and entrepreneurship”, according to Professor Mzubanzi Bismark Tyobeka, vice-chancellor of the North-West University (NWU).
He was speaking at the official handover ceremony for the North West Entrepreneurship and Innovation Hub site, held at the Mahikeng Campus on 19 March 2025 and marking the start of a development aimed at fostering business growth and innovation in the province.
The event, held in collaboration with the North West Department of Economic Development, Environment, Conservation and Tourism (DEDECT) and the Young African Entrepreneurs Institute (YAEI), formalised the transfer of the site and the province’s financial commitment to the project.
Reshaping the future of the province
“This initiative represents more than a project; it embodies a vision, a promise, and the collective ambition to reshape the future of our province, country and its people,” Prof Tyobeka said. “It is a symbol of hope and a catalyst for transformation, born from the collective strength of minds and hearts united with a shared vision and strategic intent.”
He highlighted the importance of providing aspiring entrepreneurs with access to knowledge, resources and mentorship to develop sustainable businesses, and noted that entrepreneurship is a driver of economic growth and a solution to unemployment, particularly among the youth.
Citing research from the Global Entrepreneurship Monitor, Prof Tyobeka pointed out that while many South Africans recognise business opportunities, fear of failure prevents them from taking the first step. “This hub is crucial in ensuring the emergence and success of entrepreneurs who can serve as catalysts for innovation and economic progress.”
Beacon for young entrepreneurs
The MEC for DEDECT, Bitsa Lenkopane, reaffirmed the provincial government’s commitment to supporting entrepreneurship through structured support systems and funding. She described the handover as a transition from “concept to concrete”, laying the groundwork for an environment where innovation and business development can thrive.
“The hub will be a beacon for young entrepreneurs, offering access to skills development, mentorship and financial opportunities necessary for business success,” said MEC Lenkopane. She also outlined the provincial government’s expectations for the hub, which include fostering innovation, enhancing youth skills, supporting sustainable businesses and driving digital transformation in the province.
The CEO of YAEI, Risuna Maluleke, echoed the sentiments shared by the Vice-Chancellor and MEC, emphasising that the hub represents more than just a physical space. “This is a symbol of our collective belief in the potential of young people in the North West. YAEI is committed to ensuring that this vision materialises and that young entrepreneurs are provided with the tools and networks they need to succeed,” he said.
The provincial government, through DEDECT, has committed financial resources to support the development of the Entrepreneurship and Innovation Hub. It is expected to complement existing efforts to reduce unemployment by creating opportunities for youth not only to seek employment but also to generate it.
Professor Tyobeka concluded by urging aspiring entrepreneurs to take advantage of the hub, describing it as a platform to nurture talent and encourage business development. “Although the journey will not always be easy, with the right mindset, mentorship and perseverance, there are no limits to what one can achieve.”
A symbolic site handover ceremony marked the official commencement of the hub’s development, generating a shared sense of excitement and optimism among stakeholders.
