Pearson, a learning company, has announced its partnership with funding firm Village Capital to support and invest in education entrepreneurs in India. Funding is mainly for people serving the less privileged students.
The Pearson Affordable Learning Fund, set up last year to invest in low-cost private schools and other affordable educational solutions, will work with Village Capital to offer Indian entrepreneurs the chance to receive seed investment.
Selected education entrepreneurs are to get up to $75,000 funding and will be selected through peer review by fellow entrepreneurs.
The release said: “Up to 16 start-up companies are expected to participate in workshops this autumn in which they will be offered mentoring advice from other entrepreneurs, investors and professionals.”
The programme is restricted to ‘Edupreneurs’ operating in India who serve students at the bottom-of-the-pyramid.
“Seeking market-based solutions to major problems facing education for the poor, Edupreneurs is open to for-profit startup firms, both technology and non-technology companies,” the release said.