PALF-Village Capital: Edupreneurs
EDUPRENEURS IN A SNAPSHOT
In 2013, PALF and Village Capital (VilCap) partnered to recruit education start-ups for their co-created incubator business programme, Edupreneurs.
Edupreneurs isn’t your average incubator programme. Rather than asking analysts, panels, and prize committees to deem which innovations are worthwhile, the innovators themselves choose the ventures that receive funding.
Building on the success of our India programme, we are pleased to announce that our second programme will be in held in the autumn of 2014 in South Africa.
- Minimal away time: participation only requires 4 days a month in person. The remaining work can be done remotely, alongside normal responsibilities
- Sector-specific curriculum: Pearson has leveraged their global education expertise to create modules targeting the challenges of the education industry in conjunction with VilCap’s entrepreneur-created and approved start-up boot camp curriculum
- Tailored mentorships: given Pearson’s sector expertise, this incubator will only select mentors after we have selected our participants, ensuring we fit our cohort’s unique needs
- Standardized and unbiased ranking: the ranking system has been refined based on ground-breaking Pearson research into a robust, 24-point rubric. The lowest and highest scores are discarded to reduce the influence of outliers
- Cooperative and transparent: companies do not rank themselves and all rankings are public. 70% of our participants describe the process as more “cooperative” than “competitive”
Pearson Affordable Learning Fund
The Pearson Affordable Learning Fund (PALF) makes minority equity investments in for-profit companies to meet a burgeoning demand for affordable education services in Africa, Asia and Latin America. The fund was launched in July 2012 with $15 million of initial Pearson capital. PALF improves learner outcomes for millions of low-income students by increasing the scale and effectiveness of private sector companies serving them.
Village Capital (VilCap)
VilCap uses the power of peer support to enable entrepreneurs to solve the world's largest problems. Over the past four years, VilCap’s partner programmes across the world – in the US, UK, Kenya, China, India, and Brazil – have recruited over 400 entrepreneurs solving pressing problems in education, health, energy, agriculture, financial inclusion and more. Read more at www.vilcap.com.
Pearson is the world’s leading education company, present in over 70 countries and educating more than 150 million people worldwide, providing educational content, materials, technologies, assessments and related services to institutions, educators and learners of all ages.