After previous programs in South Africa, Kenya, and Nigeria, the Mastercard Foundation EdTech Fellowship has extended to Egypt.
The Mastercard Foundation EdTech Fellowship is an entrepreneurship acceleration program that was introduced in 2019 and provides support to promising ed-tech businesses in Africa. It offers vital business, monetary, and educational support to assist ed-tech companies in growing, becoming sustainable, and making a bigger impact.
In collaboration with EdVentures, the investment branch of Nahdet Misr Group and a top ed-tech venture capital firm in the MENA area, the fellowship, which has already assisted numerous companies in nations like Nigeria, South Africa, and Kenya, has now extended to Egypt.
For the first eight months of the program, which includes courses, workshops, mentoring, networking opportunities, and specialized training, twelve startups have been selected. US $60,000 in equity-free funding will be given to each startup. The fellowship will provide support to 36 ed-tech startups over the course of the next three years, resulting in positive change within the education sector.
“We are honoured to collaborate with Mastercard Foundation, a testament of our impact in Egypt’s ed-tech sector,” said Dalia Ibrahim, founder and CEO of EdVentures. “This collaboration is pivotal for the ed-tech industry, aligning with our mission to foster innovation and empower young entrepreneurs. Together, we will continue to shape a robust ed-tech ecosystem in Egypt, redefining learning experiences. We eagerly anticipate the forthcoming cycles, each contributing to our shared vision of a brighter future for education.”
Armstrong is an interactive STEM e-learning platform; 5 Quarters is a dental student learning application. These are the members of the first cohort of the Mastercard Foundation EdTech Fellowship. Arabic podcast on business skills and self-development called Business بالعربي; Career 180, solutions for youth job placement and career development; Fednee is a networking, career development, mentoring, and collaborative platform; Deaf Gain provides consulting services for the deaf and hard of hearing.
iSchool, which teaches coding and AI to children aged 6 to 17, Mharet Tefl, a children’s speech therapy program, and iSchool round out the cohort. The online learning platform Nafham by Tayro; the online one-on-one English and other course platform OTO Courses; the science literacy-promoting Science Street; and the social development program Bayt Alkhyata, which supports women and their communities.
