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Injini/Mastercard Foundation EdTech Fellowship Program for South African edTech Startups 2023
Injini/Mastercard Foundation EdTech Fellowship Program for South African edTech Startups 2023
DEADLINE: 19 March 2023
Injini/Mastercard Foundation EdTech Fellowship Program for South African edTech Startups 2023
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;
- 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.
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