Edugild, India’s first edtech startup accelerator has signed a collaborative Memorandum of Understanding with Cambridge University Press (CUP) India to jointly support the development of an edtech startup ecosystem in the country.

Rishi Kapal, CEO, Edugild said, “Edtech is core to Edugild, with MIT PUNE being the core founding and knowledge partner. It is our belief that Edugild and CUP joining hands to strengthen this ecosystem is with the right meeting of minds and critical for a successful amalgamation of technology and industry expertise. I believe it is critical for us to nurture this ecosystem.”

The MoU will enable Edugild and CUP to bring in key stakeholders on a single platform. These would be the startups, mentors, early stage investors, publishing houses and other partners.

The strategic intent of both companies is to offer most critical resources like strong assessment and evaluation of startups to be accelerated, devising mentorship programs under joint guidance, knowledge management and success enhancement programs, facilitating institutional partnership for potential testing/test bedding of solutions in CUP ecosystem, to name a few.

Ratnesh Kumar Jha, Managing Director, Cambridge University Press, South Asia said: “The partnership with Edugild reinstates our support and vision towards contributing to the government’s Digital India vision, and our commitment to spark innovation. We intend to evaluate entities and provide mentorship to start ups with interest in the field of education training, skill development and knowledge management. I am sure this is a step forward to empower innovation in digital education and provide a structured ecosystem to aspiring startups.”

Edugild is currently hosting its first batch of startups and has started receiving applications for the second batch. It is collaborating with partners across industry segments to build a network that would be conducive to edtech startups.

Source: The Economic Times