Unitus Seed Fund and Sylvant Launch “StartEdu” Startup Competition
Rs. 10 lakhs cash, expert mentoring, and up to 3 crore in investments to be distributed to winners of two startup competitions in 2015, starting on March 27th
16 December, 2014 – Bangalore. Today Unitus Seed Fund and Sylvant announced the StartEdu Competition, a nationwide program looking to identify, mentor, incubate, and ultimately invest in the most promising early-stage education startups that are serving India’s masses – the 20 crore families living on under 20,000 rupees per month. StartEdu includes two nationwide education-sector startup competitions in 2015, with cash prizes and mentoring for the winners of each, and gives the first and second place winners of each competition the opportunity to pitch for an up to one crore seed investment from Unitus Seed Fund. Participants for the competition will be selected by incubators participating in Unitus’ previously announced Incubator Accelerator Program, which is made possible in part through a global development agreement with USAID. Education-focused accelerator Sylvant is a co-convener of the competition, a preferred provider of expert mentoring and incubation services for participants in the competition, and is a founding member of Unitus’ Incubator Accelerator Program.