The Mastercard Foundation is a Canadian Foundation and one of the world’s largest foundations, with a mission to advance education and financial inclusion. It works with visionary organizations to enable young people in Africa and in Indigenous communities in Canada to access dignified and fulfilling work. The Foundation was established in 2006 through the generosity of Mastercard when it became a public company. The Foundation is an independent organization and separate from the company. Its policies, operations and programs are determined by the Foundation’s Board of Directors and leadership.
THE MASTERCARD FOUNDATION CENTRE FOR INNOVATIVE TEACHING AND LEARNING
The Mastercard Foundation Centre for Innovative Teaching and Learning drives the innovative use of technology to improve access to quality education, particularly for the most underserved communities. The Centre works with a range of actors—including innovation hubs, EdTech entrepreneurs, policymakers, researchers, educators, and learners—to support the effective and impactful integration of technology in education, including the development, deployment and scale-up of promising EdTech innovations that boost learning and strengthen the education system.
You can download and read the Centre’s three-year strategic roadmap here.
THE MASTERCARD FOUNDATION EDTECH FELLOWSHIP
The Mastercard Foundation EdTech Fellowship is an entrepreneurship acceleration program designed to support promising, African EdTech ventures. Implemented in partnership with innovation hubs and EdTech accelerators across Africa, the Fellowship provides select EdTech companies with critical business and financial support, as well as insight into the science of learning, preparing them for scale, sustainability, and impact. The Mastercard Foundation EdTech Fellowship was launched in 2019 by the Mastercard Foundation Centre for Innovative Teaching and Learning and supported 12 African EdTech companies from seven countries in its first year, reaching over 800,000 learners. The goal of the Centre is to partner with 12 Tech Hubs to support over 400 EdTech companies and reach at least 1.8 million young people by 2025.
The Mastercard Foundation Centre for Innovative Teaching and Learning is seeking to partner with African Tech Hubs that have demonstrated the ability to incubate and accelerate startup companies, preferably EdTech companies. The Tech Hubs will work with the Foundation to identify and scale high-potential African EdTech companies focused on improving education at all levels, particularly for the most underserved communities, including out-of-school learners. In addition, the Tech Hubs will serve as centres of excellence bringing together EdTech stakeholders to advance EdTech products and solutions. It’s therefore important that the Hubs have an already established and healthy relationship with the Ministry of Education and other education stakeholders in their respective countries of operation.
The key objectives of the Mastercard Foundation EdTech Fellowship are to:
Any hub/accelerator interested in partnering with the Mastercard Foundation to implement the Mastercard Foundation EdTech Fellowship must meet the following eligibility criteria:
Interested organizations are asked to submit an Expression of Interest that is no more than five pages long and that articulates how your organization will meet the goals of the Fellowship detailed above and contribute to the work of the Mastercard Foundation Centre for Innovative Teaching and Learning described in the Strategic Roadmap Briefing Note, which can be found here.
Expressions of interest should meet the mandatory requirements listed below:
Interested organizations are invited to submit the following documents by August 27, 2023, here.
For inquiries or clarifications, please write to email@example.com
o Deadline for application submission: 27 Aug 2023
o Applications review and shortlisting: 28 Aug – 5 Sep 2023
o Interview of twenty (20) shortlisted tech hubs: 11-22 Sep 2023
o Notification to the six (6) finalist tech hubs: 25 Sep 2023
o Provision of program proposal templates to the selected six (6) tech hubs: 25 Sep 2023
o Deadline for submission of full program proposals from selected tech hubs: 25 Oct 2023
o Review & co-design process of full proposals with the selected tech hubs: 26 Oct – 30 Nov 2023
o Final proposal approval by Mastercard Foundation: 4 Dec 2023
o Contract begins first quarter of 2024
Step 1: Expression of Interest
Step 2: Foundation Review & Approval
Evaluation Criteria (see below):
Step 3: Proposal Development
Responses will be evaluated based on the following criteria:
Evidence of alignment with the values of the Mastercard Foundation and the Strategic Roadmap Briefing Note with a clear plan for achieving the intended outcomes and impact.
The organization has the expertise and experience to support program delivery. Relevant partnerships are proposed, and there is a demonstration of value-add for all partners included.
The program design is clear and coherent, responding to all the questions articulated in the Request for Expression of Interest. The design includes a clear understanding of the needs of the target group(s), operating context, and principles of diversity and inclusion.
Partner has the capacity to deliver results to achieve the impact. Foundation due diligence requirements have been satisfied.
Budget items are clearly aligned with activities and are in line with Foundation’s internal expectations as well as the specific country context. Efforts made to demonstrate value for money.
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