Co-Creation Hub (CcHUB), which has a presence in Nigeria and Kenya, is launching an accelerator with a focus on ed-tech to help solve the education problem in Africa. The accelerator, called the EdTech Fellowship Program, will commit $15 million to support 72 startups in Nigeria and Kenya over the next three years. The program will give the startups an initial $100,000 check after being accepted into the program.
“We will have 72 edtech companies launched into the market. 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,” said Bosun Tijani, CcHUB’s CEO.
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The accelerator will provide expert support across product development, government relations, pedagogy and learning science, portfolio management, communication, instructional design, and community building to the selected startups. CcHUB plans to go beyond backing the startups financially and ensure that the startups drive learning outcomes with the help of an in-house research team that will work with the startups and test their products from launch to scale. According to Tijani, there is also a provision for follow-on investment to the tune of $50 million that will cater to the seed and Series A stages for the startups, to which an anchor investor has already contributed $5 million.
