Edventures And Mastercard Foundation Partner To Boost Egypt's Edtech Startup Scene

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EdVentures, a prominent EdTech venture capital firm in the MENA region and the investment arm of Nahdet Misr Group, has recently announced a strategic five-year partnership with the Mastercard Foundation. This collaboration aims to launch the Mastercard Foundation EdTech Fellowship in Egypt, with the goal of revolutionizing the African EdTech sector through digital innovation, inclusivity, and youth empowerment. The impact of this initiative is expected to be significant, not only in Egypt's educational, IT, and economic landscapes but also in the overall development of the region.

The selection process for the 2024 program was rigorous, involving the evaluation of more than 210 applicants from EdTech startups across various governorates in Egypt. After a meticulous assessment, 12 startups were chosen to participate in an intensive 8-month program. This program will provide them with specialized training, mentorship, workshops, networking opportunities, and access to valuable courses. Additionally, each selected startup will receive $60,000 in equity-free funding. Over the course of the next three years, a total of 36 ...
... EdTech startups will be supported by the fellowship, driving positive change and innovation in the education sector.

Dalia Ibrahim, the Founder and CEO of EdVentures, expressed her gratitude for the collaboration with the Mastercard Foundation, emphasizing the significant impact they have made in Egypt's EdTech sector. She highlighted the alignment of this partnership with their mission to foster innovation and empower young entrepreneurs. Together, they aim to create a robust EdTech ecosystem in Egypt, revolutionizing the way people learn and shaping a brighter future for education. The anticipation for the forthcoming cycles is high, as each one contributes to their shared vision.

Joseph Nsengimana, the Director for the Mastercard Foundation Centre for Innovative Teaching and Learning, emphasized the importance of this partnership in enhancing access to quality learning for underserved learners in Egypt and Africa. Through local technological solutions, they are making a difference in the lives of millions of learners. In 2023 alone, their EdTech Fellowship cohorts in South Africa, Nigeria, and Kenya reached an impressive 2.6 million learners. With the collaboration with EdVentures, they anticipate an even greater impact this year.

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