Mastercard edtech fellowship selects 12 SA startups in second edition

STARTUP VENTURE CAPITALApril 16, 2024 at 4:06 PM UTC

TLDR

Injini Mastercard Foundation EdTech Fellowship selects twelve South African startups for funding and support.
Injini, a UVU Africa Group member, enhances educational outcomes in Sub-Saharan Africa as a non-profit organization.
Fellowship initiative empowers startups with grant funding, product assessment, skill development, coaching, mentorship, and market access facilitation.

Twelve South African startups have been chosen to participate in the second edition of the Injini Mastercard Foundation EdTech Fellowship in South Africa. This fellowship program provides selected companies with access to funding and various forms of support.

Injini, established in 2017 and a member of the UVU Africa Group, operates as a registered non-profit organization dedicated to enhancing educational outcomes in Sub-Saharan Africa.

The fellowship initiative aims to empower eligible startups through direct grant funding, assessment of product quality, intensive skill development, coaching, mentorship, customized market research, and facilitation of market access opportunities.

Key Takeaways

The past few years have seen a rise in the adoption of edtech innovation in Africa. With hundreds of millions of students in primary and secondary schools, technology presents a massive opportunity for improving education access and quality on the continent. Available projections indicate that the African edtech market will grow into a multibillion-dollar industry, driven by increasing demand for online learning solutions, e-books, and educational apps. However, significant challenges remain for players in the space, such as access to funding and route-to-market which incubators like Injini’s can help address.

EdTech Fellowship

Mastercard Foundation

UVU Africa Group

Injini

Education

EdTech

South Africa

Acceleration

Venture Capital