False Bay TVET College has pioneered a new way forward for aspiring young entrepreneurs, putting measures in place to combat the high level of youth unemployment ( In April to June 2020, 2.5 million young people aged 15 to 34 were unemployed in South Africa, according to Statistics South Africa) by creating an environment for job seekers to aspire to become job creators. The College is currently the only TVET in the Western Cape with a Centre for Entrepreneurship and Rapid Incubator (CfERI).
The cFERI, despite Covid-19, hosted its 5th Annual Poster and Pitch (P&P) Business Model Canvas (BMC) Competition. Students were encouraged to put their idea on a single page. This included how they can solve a problem, monetize their skills and provide value to customers at a profit. “We are in desperate need of young people to increase their entrepreneurial intention.” Say Abe Oliver, CFERI Programme Manager at False Bay College.
The reason for this focused approach is to ignite the entrepreneurial spirit in young South Africans and power the local economy from the ground up.
With this macro perspective in mind and the reality in our local townships and communities, False Bay College partnered with Future Managers and ZAQ to encourage students to participate in the P&P BMC competition on the 26 November.
Abe Oliver said “I was encouraging to see the business ideas, product samples and the entrepreneurial vision of these young people. They surely carry the torch to flame and ignite township economies. We had students representing five campuses of FBC – Fish Hoek, Muizenberg, Khayelitsha, Westlake and Mitchells Plain. Ideas ranged from skateboarding, a health bakery, laundry service, flipped furniture, organic farming, a coffee shop, recycling, and electrical services to name a few.”
The external adjudicators had a difficult time selecting the top two winners for the R10 000 seed capital category. The adjudicators were represented by external organisations such as FNB, Dream Exchange, Community Lab Businesses Services, and the two funders, Future Managers and ZAQ.
The College Principal, Karin Hendricks, expressed the following: “I was very impressed with the number of current students who are participating. It shows that we are starting to see the influence of the work of the CfERI on the thinking of students. More and more students are thinking entrepreneurship and this is a good sign. What I am also impressed with is the fact that we have all campusesre presented.”
This year we have seen both graduates (alumni) and current students including N6 students who are at host employers, participating. Students from Westlake and Fish Hoek took the top two awards.
|ZI Electrical Services
|Westlake – Graduate
|Fish Hoek –Current
|Bakery & Health Focus
|Muizenberg – N6 student currently at Host Company
|Jqhama Urtsan Growers
|Khayelitsha – Current
|Fish Hoek –N6 –student currently at Host Company
|Sindi van Wyk
|T & T Trading
|Mitchells Plain –Part-Time Students
“What an amazing platform to raise the entrepreneurial intention of our students today so that they can take their place as the entrepreneurial leaders of tomorrow.” Said Oliver.