EdVentures, the investment arm of Nahdet Misr Group, has partnered with the Mastercard Foundation to launch the Mastercard Foundation EdTech Fellowship in Egypt, according to the “Zawya” website.
The selection process for the inaugural 2024 cohort began in April 2024, drawing over 210 EdTech startup applicants.
This five-year initiative aligns with Egypt’s Vision 2030, focusing on digital innovation, inclusivity, and youth empowerment in the MENA EdTech sector.
After a meticulous and comprehensive evaluation, 12 startups were meticulously chosen for an eight-month program that will feature specialized training, mentorship, industry workshops, networking events, and courses.
Each startup will receive a substantial $60,000 in equity-free funding, a testament to our commitment to their success. Over the next three years, the fellowship will support 36 EdTech startups.
The 12 startups selected for the first cohort of the Mastercard EdTech Fellowship include Armstrong, an interactive STEM e-learning platform, and 5 Quarters, a learning application for dental students. Nafham by Tayro, an application for online individual or group learning, and Bayt Alkhyata, a platform for learning tailoring skills, also made the list.
Businessبالعربي, an Arabic podcast for self-development and business skills, and Science Street, a platform promoting science literacy, are part of the cohort. Additionally, Mahart Tafl مهارة طفل, an application aiding parents and speech therapists in improving children’s speech and language skills, is included.
