Faculty of Commerce and Administration

About the Centre

The Centre for Entrepreneurship Rapid Incubators (CFERI) is a new phenomenon in scholarship and student development in South African colleges and universities.

The CFERI was founded through a partnership between the Department of Small Business Development (DSBD) and Small Enterprise Development Agency (SEDA).

The programme seeks to accelerate the growth and success of entrepreneurial enterprises and allowing for a culture of entrepreneurship among graduates.

This is done through a number of business and technology support not limited to physical space, business infrastructure, coaching, common services, and market access.

The CFERI accelerate economic growth, job creation and poverty eradication. Secondly, the CFERI promotes research and development within the business incubation ecosystem.

SEDA plays a key role in monitoring the CFERIs.

Vision Statement

To be the leading innovative CFERI in South Africa

Mission Statement

In pursuit of the vision, the centre will:

  • Identify and nurture entrepreneurial culture and ability
  • Assist students, alumni and the community to develop sustainable businesses within Africa.
  • Commit to providing and maintaining the highest standards of entrepreneurial and research development skills.
  • Create a new generation of entrepreneurs

Core Values of WSU-CFERI

  • Quality: WSU-CFERI will be committed to provide quality standards of entrepreneurial skills, research and development, functions and services
  • Access and Success: to create an environment that empowers students, alumni and clients in developing sustainable business
  • Transformation: To equip our targeted individuals with entrepreneurial skills that are responsive to the needs of the community and that will promote community economies.
  • People Development: to develop students, alumni and clients to adapt and apply appropriate technology
  • Innovation and Caring: To promote entrepreneurial development and welfare
  • Resource Consciousness: To promote efficient and effective management of resources.