Injini/Mastercard Foundation EdTech Fellowship Program for South African edTech Startups 2023

Posted on Wed 8th Mar 2023 - Dailysynch

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


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