Comments
An education technology startup accelerator, EDUGILD, has teamed up with the Vellore Institute of Technology to support innovative edu-tech start-ups.
The collaboration aims to help start-ups combine their edu-tech know-how, design, business acumen and technology to leap frog and scale up. EDUGILD is to also partner with VIT’s Tech Business Incubator (TBI).
Sekar Viswanathan, Vice-President, VIT, said in a statement: “VIT has been at the forefront in implementing many innovations in higher education. The association with EDUGILD will provide an opportunity to interact with new-age edu-tech start-ups for mutual benefits.”
In due course, the collaboration model is expected to be replicable with multiple entities and institutes in the network.
An initiative of the Maharashtra Institute of Technology, Pune-based EDUGILD aims to empower learning and offers a 16-week intensive mentorship and product-realisation programme to any edu-tech start-up.
In its first year, the programme received applications from 300 entrepreneurs focussed on the education sector from all over India. Of these, EDUGILD selected four companies for its accelerator programme. The start-ups have undergone a four-month accelerator programme and received seed funding of around ₹10-15 lakh in exchange for a minority stake of up to 10 per cent, and access to mentors and testing facilities.
The four start-ups are Pune-based ClassBoat, which offers classes and courses in Pune; Bengaluru-based Instafeez, which provides a platform for fee payment; Delhi-based Simulanis that uses 3D gaming, augmented reality and e-learning-based tools; and Gradopedia, a Mumbai-based career discovery and assessment platform.
Cisco tie-upEDUGILD had also teamed up with network company Cisco to support edu-tech start-ups in the country. As part of the MoU signed between the two, Cisco will guide the start-ups accelerated at EDUGILD with technology roadmaps and beta testing, and said it is also open to investing and acquiring the start-ups if it suited their mission.
Edugild had also signed a similar collaborative MoU with the Cambridge University Press.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.