Infy co-founder Shibulal sets up a offline edtech incubator EduMentum

Infosys cofounder SD Shibulal has set up EduMentum, an incubator being launched in partnership between his Advaith Foundation and Mantra4Change, a Bengaluru-based NGO. 
EduMentum aims to incubate early stage organisations working in the space of offline education transformation. The platform will offer funding of ₹7.5 lakh per annum to each selected organisation along with a series of workshops for the incubatees. It would also offer a network and would connect to the ecosystem for the selected organisations. 
"EduMentum is designed to promote social entrepreneurs who are working to transform the education ecosystem. EduMentum will encourage development and use of indigenous body of knowledge in the area of school education through ShikshaLokam," said Shibulal.
ShikshaLokam is an education leadership platform under Advaith. The Advaith Foundation was set up by Kumari Shibulal and SD Shibulal to promote philanthropic ventures in the field of education and research.
The first cohort of the programme, which has five startups, started in September last year. The startups in this program include Loop Education Foundation, Vidhya Vidhai, Samarthya, Sanjhi Sikhiya and i-Saksham.
"Through EduMentum, we have got a lot to learn that helps enrich our domain knowledge and knowledge on organisational development. Experiences in EduMentum bootcamps have been very rich as we share each other's learnings. Getting good mentorship is usually difficult for startups," said Ram Prakash, cofounder Vidya Vidhai, which aims to bridge the gap between the resourced and underresourced schools.
During the end of the programme, the startups get to pitch to potential investors. The programme aims to incubate 50 organisations across different parts of the country by 2022. The next batch will start in June.

Trending News

Facebook face big challenge to prevent future US election meddling

Intel hit with 32 lawsuits over security flaws

Apple promises fix for serious Telugu character bug

GrabOnRent launches operations in Mumbai and Gurgaon

Crypto fall fails to drown initial coin offerings

Kalpnik uses AR & VR to help people 'go' to any place of worship

SpaceX is launching its broadband satellites into orbit this weekend

Unilever threatens to cut back online ads over 'toxic' content

Google hires former Samsung Mobile CTO to coordinate Internet of Things projects

Go-Jek plans India foray in second half of 2018

Pivoting away from Cube brought us to the right route: PayU's Jitendra Gupta

Ola parent to invest Rs 400 crore to boost Foodpanda India logistics & tech

Alibaba plans tighter integration of Paytm Mall with BigBasket & XpressBees

MakeMyTrip posts wider loss in Q3, may revisit OYO strategy

Google fined Rs 135.86 crore by CCI for 'search bias'

RBI suggests tax sops, self-regulation to build fintech space

Swiggy hires new CEO for its Access Service, gets new CFO

Logistics company Delhivery registers 44% increase in FY17 revenues

WeWork to acquire one of the oldest social networks, Meetup

Toyota, Suzuki to produce electric vehicles for India market by 2020

Qualcomm rejects Broadcom's $103 billion offer

Fashion e-tailer Voonik asks staff to forgo 3 months' salary

EasyRewardz gets $2 million Series-A funding

'Anemic' iPhone 8 demand drags Apple shares lower

Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

On festive sales, Flipkart says 65% clients from Tier-II cities