Patrick Schofield

1 Aug

Founder, Thundafund


“I have always believed that successful entrepreneurship is reflected in what a company contributes to society alongside the profits it makes. For me success is when both contribution and profit are in the positive. Because of this the businesses I have started have had a community focus, from community magazine Billboard to Streetwires bead and wire enterprise, for which I was honoured to be named Schwab/E&Y Social entrepreneur of the year for South Africa & Africa in 2009/10. Looking for business that had scope across Africa, and the power to deliver powerful positive change, I have become passionate about Crowdsourcing and crowdfinancing. In 2014 was established, South Africa's most successful Crowdfunding platform, focusing on entrepreneurial ideas, and in 2015 we had the relaunch of Backabuddy, a sister platform focusing on causes and activism. Technology innovations are shifting the business landscape, and our group of platforms will play a part in a dynamic and exciting South African landscape.”


Why do you want to be part of UCT Upstarts?
“Groundbreakig, hell yes. It's allowing students to test their metal in practical play. Taking theory learnt, ideas thought and putting them together into something that gets pushed out into the wild, but through an incubated, mentored ecosystem. It's a great way to get in touch with real world challenges for ideation within a supportive, team driven ecosystem.”