Stellenbosch University (SU) considers an entrepreneurial university to be much more than just a university that supports entrepreneurship. It is an institution that strives towards an entrepreneurial mindset in throughout its anatomy - reflecting in the institution’s processes, procurement, policies, teaching, research, etc.
Several highly integrated and complementing structures and platforms were established at SU creating a highly agile and effective environment with transparent and efficient corporate governance ensuring the best entrepreneurial support and environment. SU’s comprehensive Entrepreneurship Support Ecosystem has four structures, established to develop and support campus-based entrepreneurs, and providing a number of supportive platforms, initiatives and funding mechanisms to potential entrepreneurs.
SU’s services to entrepreneurs include basic incubation services (in an award winning campus based incubator), but it also provides company establishment, free company secretarial services well beyond setting up the company, a concierge service for spinout companies, discounted rates (negotiated on behalf of the group of companies) at legal firms, for administrative services, trade mark services, etc and even a discount on gym membership. A detailed manual explains the process, legal agreements, benefits, expectations, etc for a prospective entrepreneur wishing to work with the university to establish a company.
As a result, spinout activity at SU is flourishing with resulting increase in number of staff employed in spinouts, dividend income for the university and successful commercialisation of university inventions.
SU’s leadership supports an entrepreneurial university and identified and adopted Innovation and Entrepreneurship as a Game Changer Strategy for the institution.