EdVentures, the investment branch of Nahdet Misr Group, has entered into a five-year partnership with the Mastercard Foundation to introduce the Mastercard Foundation EdTech Fellowship in Egypt.
This initiative aims to transform the African EdTech sector through digital innovation, inclusivity, and youth empowerment, significantly impacting Egypt’s IT, education, and economic sectors.
The selection process for the 2024 program reviewed over 210 EdTech startup applications from across Egyptian governorates.
After a thorough selection process, 12 companies were chosen for an eight-month program offering specialized training, mentorship, workshops, networking opportunities, and course access.
Each company will receive $60,000 in equity-free funding. Over the next three years, the fellowship will support 36 EdTech companies, driving positive changes in the education sector.
This collaboration is crucial for the EdTech industry and aligns with our mission to promote innovation and empower young entrepreneurs.
Together, we aim to develop a strong EdTech ecosystem in Egypt, redefining learning experiences.
We look forward to the upcoming cycles, each contributing to our vision of a brighter future for education.”
Joseph Nsengimana, Director of the Mastercard Foundation Center for Innovative Teaching and Learning, said, “Through our partnership with EdVentures, we are improving access to quality education for underserved learners in Egypt and Africa through local technological solutions. In 2023, our EdTech Fellowship cohorts in South Africa, Nigeria, and Kenya reached 2.6 million learners. We expect even greater impact this year.”
The first cohort of the Mastercard Foundation EdTech Fellowship includes:
– 5 Quarters: a learning application for dental students.
– Armstrong: an interactive STEM e-learning platform.
– Business بالعربي: an Arabic podcast for self-development and business skills.
– Career 180: career development and job placement solutions for youth.
– Deaf Gain: consulting services for the deaf and hard of hearing.
– Fednee: a platform for networking, career development, mentoring, and collaboration.
– iSchool: teaching AI and coding to kids aged 6–17.
– Mharet Tefl: a speech therapy program for children.
– Nafham by Tayro: an online learning application.
– OTO Courses: online one-on-one English and other courses.
– Science Street: promotes science literacy.
– Bayt Alkhyata: fosters social development for women and their communities.
