Co-Creation Hub (CcHUB), the largest innovation hub in Africa, is creating a $15 million accelerator program that will be known as The Edtech Fellowship Program.
The goal of this program is to back and support 72 startups based in Nigeria and Kenya over the next three years.
The accelerator program will help boost the effect of edtech businesses across Africa, according to a statement released by the company. It will also support entrepreneurs who are presenting tech solutions to solve learning innovation in a sector of education rife with several problems.
The selected startups will receive professional assistance from the accelerator in the areas of product development, government relations, pedagogy and learning science, portfolio management, communication, instructional design, and community building.
The CEO of CcHUB, Bosun Tijani, stated, “We will establish 72 edtech startups during the next three years. Since you can be very certain that half of them—or 20–30%—would survive for an additional three–four years, we think this will jump-start the ecosystem and restart it. And that will enable us to determine whether technology can actually benefit African education.
Tijani says that there is also a provision for a follow-on investment of $50 million, towards which an anchor investor has already put $5 million, to support the seed and Series A phases of the firms.
After acceptance into the program, the startups would receive an initial $100,000 check from the program.
Visit the website to learn more about the program.
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by www.techgistafrica.com
EduTimes Africa, a product of Education Times Africa, is a magazine publication that aims to lend its support to close the yawning gap in Africa's educational development.