The EdTech incubator, Injini, has opened applications for its fourth-cohort program. The program is opened for African startups and will be closed on December 10th, 2019. Meanwhile, a final screening round will be decided in January where only 12 applicants will be selected to pitch their ideas to a panel of judges during the same month.
In a statement made on Wednesday, October 23rd, Injani said that it will support up to 8 EdTech startups with financing and advisory resources during the program. The program itself will run from March to August next year.
The program will be run by the Cape Innovation and Technology Initiative (CiTi) incubator in partnership with the UBS Optimus Foundation, the Southern Africa Innovation Support Program, as well as the Michael and Susan Dell Foundation.
Furthermore, Injani said that it is seeking solutions that address key problems facing Africa’s education sector. Additionally, the solutions must at least have a minimum of viable products or prototypes. More importantly, selected startups have had previous work experience whose members have strong backgrounds in education or technology.
However, mature EdTech startups that have post-revenue solidified business models, or are in the beginning of scaling, are also encouraged to apply for the program.
To be selected to take part in the program, startups must have been registered with at least one full-time founder who is fluent in English and able to travel to South Africa during the program’s particular phases.
Selected startups will each get access to R100,000 in grant funding. In addition to the grant funding, they will also get the opportunity to follow-on equity investment from Injani up to R1 million.
The program will allow participants to engage with Injani’s team and network of mentors and coaches in different sectors, including edtech, education, business and technology, as well as access to receive a series of customized research and data insights.