UCT GSB Solution Space

We are an ecosystem for high-impact early-startups, corporate innovation, entrepreneurship & researc

Operating as usual

Timeline photos 30/01/2023

I have not failed. I’ve just found 10,000 ways that won’t work. ~ Thomas Edison, Late American inventor and businessman.

There's no such thing as failure, only lessons. Learn those lessons and remember them so the next try can be successful.

25/01/2023

Starting your own business is an exciting and challenging journey, and as an entrepreneur, you're always looking for ways to cut costs and make the most of your capital. But when it comes to managing your finances, there's one important step you shouldn't overlook: having a separate business bank account.

Here's why:

1. A business bank account makes it easy to keep track of your income and spending. This is crucial for understanding your startup's financial situation and makes filing your tax returns much easier.

2. It creates trust and credibility. Having a business bank account establishes a professional image for your business. Clients will know they're dealing with a real business, not just someone taking chances.

3. You get access to business tools and services. Many banks have dedicated business bankers who can give you advice on growing your business and tell you about other perks they have available to you.

In short, a business bank account is a must-have for any entrepreneur. It makes managing your finances easier, helps establish trust and credibility with clients, and gives you access to valuable tools and services. Don't let it be the last thing on your mind when starting your entrepreneurial journey. Make it the first.

23/01/2023

"If you want to go fast, go alone. If you want to go far, go together." - African Proverb

An African Proverb reminds us that together we can achieve more than we ever could alone. Building a strong team is key to success in entrepreneurship. Remember, it's not about going fast; it's about going far.

Photos from UCT GSB Solution Space's post 20/01/2023

Yesterday we hosted our first international university for 2023 as part of our international immersion programmes that we run.

It was a pleasure hosting the students from NYU Stern School of Business in our space at Philippi Village. The students presented the 3 main topics that they have been working on during the visit to the Graduate School of Business.
The topics included the following:
1. Entrepreneurship in Africa
2. Food Security
3. Sustainable Tourism

It goes without saying that it was a successful day.

Thank you to Mandisa Makubalo from Unlimited Experiences SA and Esethu from the , who shared their experiences of running a business in and for local communities.

16/01/2023

UCT Summer School is back! Join us tomorrow at 9:00am in our space at Philippi Village.

Many UCT courses are on offer, such as Literature, Art & Music, Medicine, IT, Science, Philosophy and more. All courses will be live-streamed at our Philippi space.

Register here: https://bit.ly/3TZZLE4 or visit us to register in person.

Free to attend and open to everyone regardless of educational qualification or age. Education really is everywhere.

A UCT certificate will be awarded to all who attend 80% of the courses.

16/01/2023

“Never miss an opportunity to learn.”

Today marks the start of week 2 of the UCT Summer School 2023 in Philippi Village.

Week 1 was great, and the participants learnt so much in Science, Medicine, Literature, Art and Music.

If you missed out on week 1, you could still join us. Courses this week include Literature, Arts and Music, Medicine, Science, History, Philosophy and Politics.

Simply come to our space in Philippi Village and register.

We can’t wait to welcome you to our space.

09/01/2023

“Don’t worry about being successful but work toward being significant and the success will naturally follow."~ Oprah Winfrey, American talk show host, television producer, actress, author, philanthropist and founder of Harpo Productions and O, The Oprah Magazine.

Start 2023 by focusing on the process and the progress you make. That is true success. Find significance in the little steps you make every day.

Happy 2023!



Image credit: unsplash.com

Photos from UCT GSB Solution Space's post 14/12/2022

On Thursday 8 December, 12 RAA GESS students pitched their businesses for funding from the Raymond Ackerman Foundation. This successful event marked the end of the RAA GESS Programme.

The RAA Graduate Entrepreneur Support Service (GESS) was a programme for RAA graduate entrepreneurs who, on completing the 6 month RAA course, would like to start a business, or who required assistance with their existing businesses.

It was a programme that the Solution Space was proud to be a part of and help support entrepreneurs in the start-up phase.



Raymond Ackerman Academy of Entrepreneurial Development

Photos from UCT GSB Solution Space's post 13/12/2022

Photos from UCT GSB Solution Space's post

Photos from UCT GSB Solution Space's post 12/12/2022

Photos from UCT GSB Solution Space's post

Photos from UCT GSB Solution Space's post 12/12/2022

Our comes with a twist.

It comes in the form of congratulations. A huge congratulations to our 16 students who graduated from the ayoba Developers Programme on Wednesday, 7 December. Graduands presented the micro-apps they developed and received their certificates at the event.

The four-month programme aims to reduce the global shortage of digital skills by developing tech talent. It has been running since 2021 and, to date, has had 40 young people walk through its doors.

Thank you to ayoba for funding this programme, The Digital Academy for drawing up and running the curriculum and Azabenathi Pupumaupuma for walking this journey with the students from day 1 as their facilitator.



Ayoba Instant Messaging

Photos from UCT GSB Solution Space's post 10/12/2022

Photos from UCT GSB Solution Space's post

07/12/2022

Do you know the difference between an advisor, a coach and a mentor?

Advisors impart their own experience and wisdom. They help in the alignment of individual and organizational goals.

Due to their focus on tasks and performance, coaches will always give feedback on performance and ensure they help their learners establish goals and work towards achieving them.

Mentors focus on building capability by helping their mentees discover their own knowledge and experience. They usually work with the mentees' own goals. Mentees and mentors tend to develop strong friendships over time.

Do you agree with this? What can you add?

Photos from UCT GSB Solution Space's post 05/12/2022

Photos from UCT GSB Solution Space's post

Photos from UCT GSB Solution Space's post 05/12/2022

Photos from UCT GSB Solution Space's post

Photos from UCT GSB Solution Space's post 05/12/2022

Photos from UCT GSB Solution Space's post

Photos from UCT GSB Solution Space's post 05/12/2022

Photos from UCT GSB Solution Space's post

Photos from UCT GSB Solution Space's post 05/12/2022

Photos from UCT GSB Solution Space's post

05/12/2022

“The best way of learning about anything is by doing.” ~ Richard Branson, British entrepreneur, business magnate and founder of the Virgin Group.

Taking the time to study the field that you are in is important and necessary, but it can't stop there. It can't be the only thing you do. You have to get your hands dirty and apply everything you have been studying. Don't let the fear of failure hold you back. You can only learn how to swim by going into the water.



Image credit: pexels.com

02/12/2022



Following the e-Track Demo Day, we asked our startups to vote for their peers for two awards: The most progressed startup and the peer award.

The votes are in, and the winners are (as voted for by cohort 6 Venture Exploitation ventures):
Sleep Science for Most Progressed Startup and Flushh for the Peer Award!

Each award is valued at R20 000. Congratulations to Sleep Science and Flushh.

Thank you to all the ventures for voting.

Read all about Sleep Science, Flushh and our other startups here: https://bit.ly/DemoDayC6



Ayoba Instant Messaging

30/11/2022

UCT Summer School is back! If you reside in Philippi or the surrounding areas, register today and join us in January 2023!

Many UCT courses are on offer, such as Literature, Art & Music, Medicine, IT, Science, Philosophy and more. These will be live-streamed at our Philippi space.

Register here: https://bit.ly/3TZZLE4

Free to attend and open to everyone regardless of educational qualification or age. Education really is everywhere.

Photos from UCT GSB Solution Space's post 29/11/2022

A huge congratulations to our ayoba Developers Programme students who recently participated in Injini - Africa's EdTech Accelerator & Think Tank's first edtech hackathon.

The hackathon was held over 72 hours, and the participants had to address problem statements ranging from addressing Africa's shortage of qualified teachers to building skills for the future of work to raising data costs and supporting students with learning disabilities.

Our team may not have won, yet all teams did exceptionally well, and we are proud of everyone. The ideas they came up with are bound to change the landscape of some of the problems stated.

We hope you all take your ideas beyond ideas to actual products that will serve the community.

Congratulations to the team that won the R25 000 grand prize. We trust your solution will truly address the shortage of qualified teachers in Africa.



Ayoba Instant Messaging

28/11/2022

“Remember why you started.” ~ Unknown

With this being the last Monday of November, we bring you a simple word... remember why you started. A lot has happened this year in your entrepreneurial journey. You may have started a business, and it may have failed or may be taking longer to get off the ground than expected. You may be on the brink of giving up but don't. Don't give up. Entrepreneurship is a marathon, not a sprint. Keep going, and remember why you started.



Image credit: unsplash.com

Metro FM radio interview with Ayabonga Cawe 25/11/2022

Metro FM radio interview with Ayabonga Cawe



So exciting to see alumni on platforms such as Metro FM talking about their work.

ABCD Concepts, part of the Venture Incubation Programme (VIP), is a lifestyle marketing and tourism business based in Khayelitsha founded by Ayanda Cuba and Buntu Matole. Over the past 7 years have moved from organising monthly sporting events to organising township immersive experiences.

Listen to their interview with Metro FM here: https://soundcloud.com/culturearchitects/metro-fm-radio-interview-with-ayabonga-cawe?si=c8a830222b534503b1cad304c89edb38&utm_campaign=social_sharing&utm_source=clipboard&utm_medium=text

Visit their website: https://www.abcd-concepts.co.za

Keep going ABCD Concepts, UCT GSB Solution Space is behind you and wishes you the best.



Ayoba Instant Messaging

Metro FM radio interview with Ayabonga Cawe ABCD Concepts co-founder Buntu Matole joins Metro FMs Ayabonga Cawe, to talk about tourism in Khayelitsha.

23/11/2022

Do you live in Philippi or the surrounding areas? Looking for an opportunity to learn something new? Then UCT Summer School is for you.

UCT Summer School 2023 registrations are open!

University of Cape Town Summer School courses ranging from Literature, Art & Music, Medicine, IT, Science, Philosophy and more will be live-streamed at our Philippi space.

Free to attend and open to everyone regardless of educational qualification or age, this is a great opportunity for learning.

Please do share this opportunity with your networks!

To register here: https://bit.ly/3TZZLE4

Photos from UCT GSB Solution Space's post 23/11/2022

It was a pleasure hosting the students from Heinrich Heine Universität Düsseldorf, Stellenbosch Business School and Lagos Business School at our Waterfront space last week.

They came to learn more about our work and gain insight into our e-Track programme's impact.

Thank you to Electricity, who shared their experience of the e-track programme and the opportunities it afforded them. You can learn more about them and our other startups here: https://bit.ly/DemoDayC6

21/11/2022

“There is nothing more beautiful than someone who goes out of their way to make life beautiful for others.” Mandy Hale, New York Times best-selling author

Some of the most successful businesses were started with other people in mind. These businesses were started to serve others and make other people's lives easier. While making more is a great reason to start a business, think deeper. Aim to serve others and watch your business grow.



Image credit: unsplash.com

Photos from UCT GSB Solution Space's post 18/11/2022



Planning year-end functions or hosting events? Want something different on the plate? How about some braai meat, burgers, chips and more?

Our next alumnus specialises in just that. Estratweni Mobile Foods were part of the Impact Venture Incubation Programme (IVIP), and they provide a unique local flavour and experience through their food.

Contact them and see how they can tickle your tastebuds.

Well done Estratweni Mobile Foods on the great work you are doing.



Ayoba Instant Messaging

17/11/2022

We are in the last few weeks of cohort 2 of the ayoba Developer Programme, a four-month programme coordinated by the UCT GSB Solution Space, run by The Digital Academy and funded by ayoba.

The programme aims to identify motivated young people with a raw talent for web and software development, offering them an opportunity to take their skills to the next level.

So happy to see our students doing so well. We look forward to seeing the apps they have developed by the end of the programme.



Ayoba Instant Messaging

Photos from UCT GSB Solution Space's post 16/11/2022

Our Demo Day event on Friday was a huge success! This event showcased start-up ventures from this year’s e-Track Programme and served as an opportunity to evidence learnings, celebrate progress and engage a wider audience about their future plans.

It was amazing to hear from our top 15 startups and see how far they've come! We were very impressed. Read more about our start-ups here: https://bit.ly/DemoDayC6

This programme is proudly funded by ayoba because .

Read about how ayoba supports entrepreneurs through the e-track programme here: https://www.ayoba.me/channels/?card=124587



Ayoba Instant Messaging

15/11/2022

Tips for entrepreneurs: Fail early, often and cheaply

Everyone wants to be successful and do well. The fear of failure is completely natural and 100% human. Yet when it comes to entrepreneurship - Failure is something you embrace because you learn valuable lessons that will make you a successful entrepreneur later.

You learn much more from failure than , so if you are an entrepreneur, embrace failure.

Failing early, often and cheaply refers to your business failing within the first months of running and at a rapid speed. This will ensure you don't waste valuable time on a business that will not last in the first place. You quickly learn your lessons and move into the next venture with a better chance of success since you've learnt valuable lessons from the failed business. Also, you would have spent less money on a business that failed quickly compared to one that fails much later.

14/11/2022

“Nineteen people may love your work, but the twentieth one will hate it and will tell you so; you cannot allow that to affect you. That may sound trite, but there is a huge risk in letting criticism get you down. ~ Carrol Boyes, late South African artist, businesswoman, and former teacher and founder of the Carrol Boyes Kitchen and eating utensil design company

Your product or service is not for everyone. And that is perfectly fine. Focus on the people your products and services are for, and let that fuel you.



Image credit: pexels.com

11/11/2022

Kurhula Baloyi | Sum1 Investments



Our next feature shares the best entrepreneurial advice she's ever received.

Sum1 Investments, led by Kurhula Baloyi, was part of cohort 5 of the e-track programme. This start-up offers affordable, accessible and appropriate investment products and financial education to low and middle-income consumers in South Africa. They collectively invest in income-generating assets that have the potential to create an impact in rural and township markets whilst providing a high return.​

Well done, Sum1 Investments, for making sure no one gets left out.

Follow them: Sum1 Investments



Ayoba Instant Messaging

10/11/2022

What kind of entrepreneur are you?

Entrepreneurs have one thing in common: they all seek survival and growth. How they go about growth, opportunity and expansion sets them apart.

Being honest with yourself about the kind of entrepreneur you are will allow you to open doors to:
• Choosing the right opportunities
• Choosing the right clients to best serve
• Choosing the right partners, and
• Knowing your next step up the ladder (if your current choice isn’t getting you the results in enough quantity and quality to satisfy your objectives)

So let’s explore the four types of entrepreneurs.
1. The Coaster
The coasters don't look for opportunity, things kind of "happen", and for some, that works. It is more focused on right now what's in front of us.

2. The Conservative
The conservative entrepreneur operates on the principle that "resources are limited"; thus, we have "be cautious." This is slightly focused on the future, but conservatively so, since "you never know."

3. The Proactive
The proactive entrepreneur operates more on the idea that there are many opportunities and uses whatever resources are there to achieve those objectives. This is more focused on what’s next, what more can be achieved and generating growth through personal action and conviction.

4. The Innovator
The innovator not only seeks out opportunities that can be seized but also looks for opportunities that, with some refinement, can be the best of all worlds. This is the rebel, the artist, the non-conformist embracing all that’s possible in the future (even at the sacrifice of the present).

Innovation through Collaboration

The Solution Space is an ecosystem for founders and a research and development platform for corporates. Our founders build innovation-driven businesses that are viable and scalable.

The Solution Space was founded in 2014 at the University of Cape Town Graduate School of Business. The university's Vice Chancellors Strategic Award provided initial capital, and our Founding Partner, the MTN Group, provided significant support from 2015.

Our vision is to be known and recognized for pioneering ideas that impact and shape the future of Africa. Our mission is to inspire, nurture and equip the next generation of leaders to build a better future on the continent.

We believe that behind all great companies are reliable founders. We support entrepreneurs to learn and grow, providing them with access to resources, corporate partners, mentors, advisory services, co-working space, speakers, and partnerships.

Videos (show all)

Kurhula Baloyi | Sum1 Investments
It's always great hearing from our e-Track Alumni! In this video Kurhula Baloyi (Founder and CEO of local startup ventur...
E-Track Programme Phase One: Venture Launch
Global Entrepreneurship Week
Saturated
E-Track Programme Participant
E-Track Programme Participant
E-Track Programme Participant

Location

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Address


8 Portswood Road, V&A Waterfront
Cape Town
8001

Opening Hours

Monday 08:00 - 17:30
Tuesday 08:00 - 17:30
Wednesday 08:00 - 17:30
Thursday 08:00 - 17:30
Friday 08:00 - 16:30

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