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Pearson, Village Capital to fund education ventures

Source : Business Standard
July 18, 2013

Winners of up to $75,000 funding will be selected through peer review by fellow entrepreneurs

 

The Pearson Affordable Learning Fund, set up last year by learning company Pearson Plc, will work with Village Capital to offer Indian entrepreneurs the chance to receive seed investment. Winners of up to $75,000 (Rs 44.5 lakh today) funding will be selected through peer review by fellow entrepreneurs. Up to 16 start-up companies will participate in workshops this year in which they will be offered mentoring advice from other entrepreneurs, investors and professionals.  These entrepreneurs will then assess one another against six criteria, with the top two ranking companies receiving up to $75,000 each drawn from $100,000 and $50,000 of capital committed by the Affordable Learning Fund and Village Capital, respectively.

The programme is restricted to ‘Edupreneurs’ operating in India who serve students at the bottom of the pyramid, a term coined by the late author and Pearson director C K Prahalad.

 


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