Last Few days to Apply for the Education Innovation Mentorship Program


Last Few days to Apply for the Education Innovation Mentorship Program

FAQs

What is the Education Innovation Mentorship Program?

The Education Innovation Mentorship Program is an initiative of USAID and Center for Knowledge Societies under the READ Alliance Project to help, support and inspire social entrepreneurs with innovative solutions to address the early grade reading needs of low cost primary school going children in India.

The program aims to provide seed grants and continuous mentoring to early stage education innovators and entrepreneurs to grow and scale their products or services.

Am I eligible?

Yes, if you meet the following eligibility criteria:

  •        You are 18 years old or above
  •        You are an early stage startup somewhere between ideas with a plan to pre-scale stage (typically 0-3 yrs old)
  •        You have registered or intend to register your business
  •        At least one founder is working or committed to working full time on the idea
  •        You idea is aligned to the Program objective

I am not registered as either for-profit or not-for-profit. Can I apply?

Yes, but you will need to register your company as a for profit or not-for-profit entity within three months of incubation in order to receive the innovation grant

At this stage i only have an idea, can i apply?

We do work with founders at as early as idea stage. however, we look for unique insights that you have about the problem you aim to solve. thus, we encourage you to apply once you have done a first-hand on-the ground research and have a plan around your idea.

I don’t live in India, can i apply?

Yes, you can. However, we will look at solutions that have an impact in India.

I am part of another incubator and/or received grants from other sources, can in apply?

Yes, you can, provided you honour the time commitment and are available for training/orientation

How do you select?

Our selection process begins with an online application. We review online applications on a regular basis and request applicants who are selected for round 1 to tell us more about their ideas and startup plan. Following that, selected applicants are invited for in-person interviews and pitch sessions with our jury members. The most impactful solutions are then selected for the program immediately.

What happens during the program?

The program is designed keeping the needs of an early stage entrepreneur in mind. The selected ideas will be supported with an innovation seed grant of up to INR 10 lakhs and mentoring support for 4 months. The program will also give you access to a network of influencers and funding sources who can support your growth.

The 4 months of incubation include:

  •        Access to co-working space in Delhi 
  •        12 Training and Orientation sessions spread over 3 weeks which you are required to attend in person
  •        3 Months of mentoring by program partners (these interactions can be virtual as well)
  •        A concluding event that you are required to attend in person

What can I use the fund for?

Innovation fund is to help you build a minimum viable product for your idea. this involves creation of the execution model, putting a registered organisation in place, a pilot run and refining your model based on the interaction with your first users and the impact it caused. if you have already started working on your idea, the fund will help you reach further milestones taking away some of your funding worries.

Will I be able to choose my mentor?

While the process does not allow for you to choose your mentor unilaterally, we will put in best effort to understand your preference and ensure that the mentor you are paired with is best aligned to your mission and needs.

About the Author
Author: Editorial TeamWebsite: http://edtechreview.in
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