Twelve Ethiopian education technology startups have been selected for the third cohort of the Mastercard Foundation EdTech Fellowship, with each company receiving $60,000 in funding to scale its operations and impact.
Announced during Ethiopia’s second EdTech Week in Addis Ababa, this selection represents a continued strategic investment in Ethiopia's technology sector, specifically targeting solutions for critical educational gaps. The initiative provides equity-free capital and structured support to improve learning outcomes. This equity-free funding allows founders to retain full ownership while developing their platforms, fostering local innovation.
What We Know So Far
- Twelve Ethiopian EdTech startups were selected for the third Mastercard Foundation EdTech Fellowship cohort, as reported by Shega and The Next Africa.
- Each startup receives $60,000 in equity-free funding for growth and development.
- The new cohort was announced during Ethiopia’s second EdTech Week, March 25–26, in Addis Ababa, according to The Next Africa.
- Implemented by non-profit Reach for Change, the three-year fellowship has now supported 36 ventures across all cohorts.
- Beyond funding, each startup receives one year of dedicated support to refine business models and scale educational solutions.
