Mastercard Foundation extends edtech fellowship to Egypt
TLDR
- Mastercard Foundation EdTech Fellowship expands to Egypt, selecting 12 startups for 8-month program with $60,000 funding per startup.
- Collaboration with EdVentures offers specialized training, mentorship, and networking for selected participants.
- Fellowship aims to support a total of 36 ed-tech startups over the next three years in Egypt.
The Mastercard Foundation EdTech Fellowship, originally launched in 2019 and previously operational in South Africa, Kenya, and Nigeria, has expanded to Egypt.
In collaboration with EdVentures, the investment arm of Nahdet Misr Group and a prominent ed-tech venture capital firm in the MENA region, the fellowship has selected 12 startups for an initial eight-month program.
Participants will benefit from specialized training, mentorship, workshops, networking opportunities, and access to courses, alongside $60,000 in equity-free funding per startup. Over the next three years, the fellowship plans to support a total of 36 ed-tech startups.
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.
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