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Mastercard Foundation EdTech Fellowship in partnership with EdVentures

Scaling EdTech Startups

Impacting Learners

Mastercard Foundation EdTech Fellowship program
Mastercard Foundation EdTech Fellowship, in partnership with EdVentures, aims to revolutionize the MENA EdTech sector. Focused on digital innovation, inclusivity, and youth empowerment, this program is set to drive sustainable growth and employment, aligning with the strategic visions of both organizations to impact education profoundly.
The  fellowship empowers diverse Growth Stage EdTech start-ups to scale their businesses and increase access to technology enabled learning with a specific focus on women and young people.

Duration: 7-8 months

Open to founders of African origin or residing in Africa (based in Egypt).

Focused on Growth Stage EdTech Startups.

Free equity participation. 

Specifically empowering youth and women (18 – 35) entrepreneurs.

Accelerating EdTech startups to scale within the 7-month timeframe.

Aimed at educating Egyptian society with an African focus.

Equity-free acceleration program by EdVentures.

The Program’s Journey

Application Open Call (April 1st)

Assessing the overall impact of the acceleration program on participating startups and the EdTech sector in Egypt.

Application Deadline (April 30th)

Tracking the growth metrics and milestones achieved by participating startups during the program.

Interviews

Gathering feedback from participants to evaluate their satisfaction levels with program components such as mentorship, training, and networking opportunities.

Bootcamp (19-21 May)

Evaluating the effectiveness of program activities in achieving objectives and fostering the growth of startups in the EdTech industry.

Selection of 12 Startups

Monitoring the engagement and collaboration of stakeholders such as mentors, trainers, and partners in supporting program outcomes.

Launch Event (June 7th)

Assessing the sustained impact of the program on the growth and success of participating startups beyond the program duration.

Program Start (July 1st)

Revenue Growth: Tracking the increase in revenue generated by participating startups before and after the program. Investment Attraction: Monitoring the amount of investment secured by startups during and after the program. Cost Savings: Assessing any cost-saving measures implemented by startups as a result of program interventions.

Retreat (December)

Number of Hires: Tracking the number of new hires made by participating startups during and after the program. Job Quality: Evaluating the quality of jobs created, such as full-time positions, benefits offered, etc.

Demo Day (Jan 2025)

Training Participation: Measuring the participation rates of stakeholders (such as mentors, trainers, and partners) in program-related training sessions. Skill Enhancement: Assessing the level of skill enhancement or learning outcomes achieved by stakeholders through program activities.

FELLOWSHIP BENEFITS

Mentorship Opportunities

Knowledge-sharing workshops with experts

Training Sessions

Access to courses including science of learning

Networking Events

Equity-free grant of up to $60,000

The benefits provided throughout the program are tailor-made for Edtech startups hammering down on the pain points and biggest challenges faced by successful Edtech startups.

WHO CAN APPLY

EdTech Startups incorporated in Egypt.

Startups actively working to grow their own business in the EdTech sector.

Startups should have existed for at least 3 years.

Growth-stage EdTech companies with Market Viable Product (MVP) and post revenue.

Market-ready and scalable EdTech solutions.

Frequently Asked Questions

  • Application Screening  
  • Initial interview – where you will present your startup  
  • Bootcamp  
  • Final presentation after the Bootcamp  
  • Joining the program

The criteria used to evaluate applicants typically include factors such as innovation, market potential, team experience and capabilities, scalability, alignment with program goals, and potential for impact on the society at large

Empower diverse Growth Stage EdTech start-ups to scale their businesses and increase access to technology enabled learning with a specific focus on women and young people

  • Startups in the EdTech industry incorporated in Egypt. 
  • Should have existed for at least 3 years. 
  • Market-ready and scalable EdTech solutions 
  • Startups actively working to grow their own business in the EdTech sector. 
  • Growth-stage EdTech companies with Market Viable Product (MVP) and post revenue

  • Mentorship Opportunities 
  • Training Sessions 
  • Networking Events 
  • Knowledge-sharing workshops with experts 
  • In-kind services: 
  • Marketing Services  
  • Legal Services  
  • Cloud Services  
  • Studio Services   
  • Fintech Solutions   
  • Networking and Events   
  • Matchmaking with Partners  
  • Media and Propaganda Support 
  • Equity-free grant of up to $60,000

The program will be structured around workshops, mentorship sessions, networking events, and milestone-driven activities aimed at guiding participants through key stages of business development and growth 

From 7-8 months

Outside Cairo for 3 days in a well reputed Hotel

Growth-stage EdTech companies with Market Viable Product (MVP) and post revenue

We prefer that the startup should at least have 2 main founders and preferably both males and females together