The Mastercard Foundation EdTech Fellowship Program is an EdTech specialised venture support program uniquely designed for high-growth and high-impact companies addressing pressing challenges in education in South Africa through technology and innovation.
The EdTech Fellowship Program specifically focuses on the following three key objectives:
- Facilitate market access with a lens to increase reach to beneficiaries at the “bottom of the pyramid”;
- Design and implement, or refine, impact measurement, monitoring, and evaluation systems; and
- Improve financial sustainability, including investment readiness support, where appropriate.
WORTH
- 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.
ELIGIBILITY
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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;
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Post-revenue (annual turnover likely exceeding R1,000,000) *If you do not meet this revenue, we will still accept your application should you have a great EdTech solution/product;
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Has the potential to reach 8,000 direct learners within one year of program participation;
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Addresses a substantial market opportunity, with a focus on South Africa;
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Characterised by a great potential for creating positive social impact on educational outcomes;
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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;
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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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Your startup does not have to be South African, however it is necessary that the majority of your beneficiaries (ie. the users benefiting from your EdTech solution) are South African
DEADLINE: March 19, 2023
To apply and for more information, visit here
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