The Moses Kotane Institute (MKI), in partnership with the University of Zululand (UNIZULU) held the Innovation Dialogue at UNIZULU on Tuesday, the 30th of April 2019. The purpose of the event was to ‘push entrepreneurs towards innovation, and to push innovators towards entrepreneurship’.
The Chairperson of the Board, Dr Sakhile Ngcobo’s core message was to encourage students to participate in the entrepreneurship space through innovation. He said, “MKI is open to everyone that have ideas to enhance the KwaZulu-Natal economic development.” Dr Ngcobo further spoke to entrepreneurs about Radical Economic Transformation, which he says will be achieved through small businesses that are created by entrepreneurs.
He further encouraged students to seize opportunities presented by KZN government in terms of SME development and entrepreneurship.
The Acting Head of Department in EDTEA, Mr Siza Sibande emphasized the point made by Dr Ngcobo, on government having open arms for Innovators and Entrepreneurs.
Dr Simphiwe Buthelezi, MKI’s Head of Research further elaborated on strategies for sustainable business. Dr Buthelezi said, “collaborative work is key for a sustainable business, if you a computer specialist, and you develop a business professional skill, you will need to collaborate with someone with financial understanding, someone with legal mind and so forth”.
A panellist, Professor Sibusiso Moyo, the deputy Vice Chancellor: Research, Innovation and Engagement from Durban University of Technology- added that, “a sustainable business needs four Ps. People, Plan, Pennies and Product”. It simply re-iterates what Dr Simphiwe Buthelezi said about collaborative work. The first P, which is people, speaks to the principle of knowing how to work with people. Secondly, you always have to have a plan, and of course, you have to have Pennies/monetary and your product have to standout because this is a competitive market.
Professor Lorraine Greyling, Vice Chancellor of UNIZULU, expressed her gratitude to MKI for partnering with them.