· A recently launched edtech-focused accelerator will help make home learning accessible to children in low-income communities and improve basic education
· Start accepting applications from non-profit and private organizations
· This initiative was launched by non-profit and philanthropic organizations Reliance Foundation, UBS. Optimus Foundation, British Asian Trust, USAID and by the Central Square Foundation Consortium
· For two years to solve some critical problems in basic education in EdTech sector Rs. 20 crore (US$ 2.5 million) investment
New Delhi/Mumbai EdTech Accelerator, a consortium of leading non-profit and philanthropic organizations, has been launched to help children with basic education at home. The consortium has founding partners Reliance Foundation and “EdTech-focused Accelerator launched to support foundational learning for children from low-income communities in India”.
UBS Implementation by the Central Square Foundation, with the expertise and support of the Optimus Foundation, fund manager of the British Asian Trust and the US. The US through the Agency for International Development (ASAID). Government will benefit in the form of technical assistance in design and management.
Achieving Universal Foundational Literacy and Numeracy (FLN) skills is critical to compensate for the loss of education caused by the Covid-19 pandemic. Edtech solutions that can be used at home have a lot of potential to compensate for this loss.
The accelerator will fund eight high-quality edtech solutions from non-profit and private organizations that aim to generate, pilot, scale and test innovative ideas. Impact center grant funding and mentoring support will be available in the first year and the grant for this work will be increased in the second year, thereby reaching 2.5 million children by 2025. Applications for the EdTech Accelerator are now open.
Accelerator FNL in all children in India. Back-to-School Outcomes Fund is an integral part of the Government of India’s collaboration with Nipun Bharat Mission to achieve the goals.
This program is to support edtech solutions that want to provide affordable and quality education solutions to the low income segment. It will support the education ecosystem to enable institutions to innovate to address challenges and create evidence of learning outcomes, milestones and cost-effectiveness, thereby making access to quality education accessible at scale.
to institutions www.edtechaccelerator.org Applications are invited at The EdTech Accelerator will accept applications until January 8, 2023.
CEO of Central Square Foundation and M.D. Shweta Sharma-Kukreja said, of the more than 9,000 edtech organizations in India, only one percent focuses on basic education, and even fewer have created products for the low-income segment. Nipoon is an ambitious program and home education is very important in helping our children.
CEO of Reliance Foundation Jagannath Kumar said that in the last two years, there has been a huge increase in edtech solutions in India to solve problems. The challenge is to democratize edtech solutions in every home.