Pearson has partnered with social investor Village Capital to support and fund education entrepreneurs in India who are focused on serving the bottom-of-the-pyramid market in the country. Select education start-ups will receive up to USD 75,000 (Rs 45 lakh) in funding and 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. Of these, top two ranking companies will receive up to USD 75,000 each drawn from USD 100,000 and USD 50,000 of capital committed by the Pearson Affordable Learning Fund and Village Capital, respectively. The start-ups can be in either tech or non-tech ventures.