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.
Shoot

Trending News

Why Amazon’s Flipkart bid is just not high enough

Selling without MRP, expiry dates to cost etailers

TCS hits $100Bn market cap: A new phase for India Inc?

Snapdeal posts Rs 4,647 crore net loss in 2016-17

Flipkart-Walmart deal: What it means for the etailer and the whole industry

NCLAT stays CCI penalty of Rs 136cr on Google in search bias case

Walmart may rope in Google parent Alphabet for the Flipkart deal

Internet shutdown cost Indian economy $3 billion from 2012-17: Study

Flipkart and Amazon plan mega summer sales in May

International sales now account for 48% of Twitter's revenues

70% of mobile phones buyers in India opt for non-cash payments

Amazon India expects groceries & household products to account for 50% of business in 5 yrs

India to come out with a E-commerce policy framework in 6 months

Online learning platform Career Anna raises Rs 3 Cr funding

Wal-Mart will offer to buy up to 86% of Flipkart

Agritech startups Sabziwala and LivLush merge their business under new entity Kamatan

Avail Finance lands $17.2M from Matrix Partners & Ola, Freecharge and Flipkart founders

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

Qualcomm rejects Broadcom's $103 billion offer

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