Call for Applications: Injini/Mastercard Foundation EdTech Fellowship Program 2024
The Injini EdTech Fellowship Program, in collaboration with the Mastercard Foundation, presents a transformative 6-month equity-free venture support initiative, spanning from May to October 2024. The program takes a partnership-driven approach to business acceleration, focusing on three core objectives:
- Facilitate market access to extend the reach to learners at the ‘bottom of the pyramid.’
- Design, implement, or refine impact measurement, monitoring, and evaluation systems.
- Enhance financial sustainability, including investment readiness support where applicable.
Benefits:
Selected EdTech companies, known as “Fellows,” will receive specialized acceleration support valued at over R2,500,000, courtesy of Injini and the Mastercard Foundation.
Program benefits include:
- Hands-on support from experts in education innovation, fundraising, impact M&E, commerce, and more.
- Pedagogical evaluation and certification by EdTech Impact and Education Alliance Finland.
- Customized market research support by Injini’s team of education innovation researchers.
- Sponsored Skills to address team needs, produce targeted outputs, and enhance overall capacity.
- Networking and knowledge-sharing opportunities with ecosystem players and industry experts.
- Access to courses and office hours from faculty members at Carnegie Mellon University, a global leader in education technology.
- Contribution to a growing body of evidence documenting effective practices in African EdTech.
- Equity-free venture funding exceeding R1,000,000.
Eligibility:
The ideal EdTech company for the Fellowship Program should:
- Target a significant market opportunity, with a focus on South Africa.
- Offer a tech-enabled solution to increase access and enhance educational outcomes, preferably supporting learners in pre-primary education, primary and secondary education, and/or teacher training.
- Be a post-revenue, growth-stage startup (annual revenue likely exceeding R1,000,000) or a non-profit entity with grant funding constituting annual revenue.
- Have the potential to reach 8,000 direct learners within one year of program participation.
- Be led by a diverse team with a strong understanding of their operational context.
Application Process:
Applications open on January 22, 2024, and close on February 13, 2024. The selection process involves:
- Application Form Submission
- Virtual Interviews
- Due Diligence
- Pitches (in Cape Town on March 26 and 27, 2024)
Successful candidates will be notified by March 28, 2024, and the program kicks off on April 1, 2024, culminating in a Cohort Kick-off Event in Cape Town on April 11, 2024.
Don’t miss the opportunity to propel your EdTech venture. Apply now for the Injini EdTech Fellowship Program.