The Durban University of Technology (DUT) has taken a monumental step in promoting entrepreneurial growth by partnering with the Technological Higher Education Network South Africa (THENSA) and six other universities to launch the Entrepreneurship Venture Builder (EVB). This pioneering initiative is set to revolutionise the entrepreneurial landscape in Southern Africa by providing a robust support system for innovators and entrepreneurs from Universities of Technology, Historically Disadvantaged Institutions and marginalised communities.

The EVB aims to transform innovative business ideas into thriving enterprises through a comprehensive framework of mentorship, incubation and empowerment. Speaking at the launch, Professor Michael Twum-Darko, EVB Manager, highlighted the programme’s inclusive mission, “We are dedicated to breaking down barriers and creating pathways for entrepreneurs to flourish in the African market.”

Key Features of the Entrepreneurship Venture Builder include:

• Mentor-in-Residence Programme: Access to expert guidance from university staff with specialisations in technology transfer, innovation and entrepreneurship.

• Incubation and Acceleration: Tailored support to navigate the journey from Minimum Viable Product (MVP) to successful commercialisation.
• Focus on Inclusion: Targeted support for student entrepreneurs and individuals from historically disadvantaged communities.
• Regional Impact: With its initial base at the CPUT’s Business Innovation and Incubation Centre, the EVB will evolve into a decentralised model across multiple universities.

DUT joins an impressive network of founding members, including the Cape Peninsula University of Technology, University of Venda, Tshwane University of Technology, Namibia University of Science and Technology, Central University of Technology and Walter Sisulu University. Together, these universities represent a cohesive effort to bolster campus-based and community innovation systems.

Funded by the Research and Innovation Systems for Africa (RISA) initiative under the UK’s International Development initiative, the EVB marks a transformative chapter in entrepreneurship and innovation.

This collaboration underscores DUT’s commitment to empowering adaptive graduates and supporting the economic and social upliftment of Southern Africa. With the EVB, DUT continues to lead in nurturing adaptive graduates equipped to drive impactful change.

Dr Pinkie Ntola