After three months of application and selection process, Africa’s largest innovation hub Co-Creation Hub (CcHUB) has selected 12 startups for its inaugural Mastercard Foundation-backed edtech Fellowship Program.
In February, CcHUB announced its plan to improve funding into the African edtech sector, which raised 0.72% of the total venture capital on the continent in 2022, according to BD Funding Tracker. The innovation hub launched a $15 million fund with a plan to invest in 72 Nigerian and Kenyan edtech startups in the next three years.
“We believe this will kickstart the ecosystem and reboot it afresh because out of that number, at least you’re sure about half or 20-30% of them would live for another three to four years. And that will allow us to know if technology can truly work for education in Africa,” Bosun Tijani, the co-founder and CEO of CcHUB, said at the launch.
The 12 startups will receive up to $100,000 in equity-free funding. After the program,…
