Entrepreneurs Pitch Their Ideas to Investors at CUT

Entrepreneurs Pitch Their Ideas to Investors at CUT. Central University of Technology, Free State (CUT), in collaboration with the provincial Department of Economic, Small Business Development, Tourism and Environmental Affairs (DESTEA) and Tabalaza, recently hosted a pitching program for aspiring entrepreneurs. This initiative aimed to foster a culture of entrepreneurship among students, staff, and the wider community, ultimately contributing to economic development.

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CUT Empowering Graduates

Universities of Technology (UoTs) are increasingly focusing on innovation and entrepreneurship education to equip graduates with the skills needed to become job creators rather than job seekers. CUT is at the forefront of this movement, integrating practices that encourage innovation and entrepreneurship among its students and the broader society.

CUT Pitching for Success

The pitching program, held on 01-02 March 2018 at CUT, provided a platform for aspiring entrepreneurs to pitch their innovative business ideas to potential investors. The event was supported by various CUT units, including PDTS, CRPM, RGEMS, and the Technology Transfer Office, known for their expertise in prototyping, research, and business development.

The Winners At CUT

Seventeen entrepreneurs from around the Free State participated in the program, with three aspiring entrepreneurs from CUT pitching their ideas to investors. The top three winners were KN Studios, Batho Pele Innovations from CUT’s incubator, and Nkidi Manufacturing. These winners received prizes totaling R150,000, which they could invest in their businesses to fuel growth and innovation.

CUT Building Networks

Dr. Mauritz Venter, co-founder, and CEO of AZARGEN, conducted a workshop for CUT students and staff on effective pitching techniques and building successful networks. This session aimed to equip participants with the skills needed to attract potential funders and partners.

CUT Driving Economic Transformation

Ms. Gadija Brown, Head of DESTEA, emphasized the importance of supporting small, medium, and micro-enterprises (SMMEs) as drivers of economic growth and job creation. DESTEA aims to be a catalyst for economic transformation and sustainability, supporting initiatives that benefit the people of the Free State.

Conclusion

The pitching program at CUT highlights the university’s commitment to fostering entrepreneurship and innovation. By providing a platform for aspiring entrepreneurs to pitch their ideas and access funding, CUT is playing a crucial role in driving economic growth and empowering the next generation of business leaders.