Each selected EdTech company, or “Fellow”, will receive Injini’s specialised acceleration support valued at over R2,500,000, in partnership with the Mastercard Foundation.
Benefits include:
- Equity-free venture funding of over R1,000,000;
- Hands-on support from specialists in education innovation, fundraising, impact M&E, commerce and more;
- Pedagogical evaluation and certification by EdTech Impact and Education Alliance Finland;Advertisement
- Bespoke market research support by the Injini Think Tank’s team of education innovation researchers;
- “Sponsored skills” to temporarily fill identified gaps in each team with the intention to build capacity for long-term success;
- Exposure and growth in new markets, including travel and speaking opportunities at ecosystem events;
- Training and personalised coaching from faculty members of Carnegie Mellon University – a global leader in education technology and applied learning sciences; and
- Contributing to a growing body of evidence documenting “what works” in African EdTech.
The typical participating EdTech company in the Mastercard Foundation EdTech Fellowship Program fits the following profile:
- Has a tech-enabled solution designed to improve educational outcomes in South Africa, preferably supporting learners in pre-primary education (ages 0-5), primary and secondary education (ages 5-18) and/or teacher training and professional development;
- Post-revenue (annual turnover likely exceeding R1,000,000);
- Has the potential to reach 8,000 direct learners within one year of program participation;
- Addresses a substantial market opportunity, with a focus on South Africa;
- Characterised by a great potential for creating positive social impact on educational outcomes;
- Has recently raised or is in the midst of raising a seed round of funding or has demonstrated that their maturity is at a comparable level;
- Led by a diverse team with a strong understanding of the context in which they operate – we’re especially excited to support inspiring female founders and leadership teams.
DEADLINE: 19 March 2023
