SkillEd

ENABLER FOR TOMORROW'S WORKFORCE

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SkillEd

Apply now to be a part of SkillEd, an initiative by CIIE.CO supported by MUFG and implemented by Startup Oasis. Selected Startups get Incubation and Funding support. SkillEd supports early stage edtech and skilltech startups, with impactful and innovative tech based solutions for the youth. If you are enabling tomorrow’s workforce for India, SkillEd will empower you.



Pre MVP/ MVP Stage - Incubation & Funding of INR 35 lacs




Early Stage - Incubation & Funding of INR 35 Lac


ABOUT THE SECTOR

Youth (15-24 years) in India constitutes one-fifth of the country’s total population, largest youth population across the globe. To leverage this demographic dividend, India must ensure that its young population is empowered to create a sustainable impact on the country’s future.

We are witnessing disruptions in this sphere that are impacting human capabilities substantially. These interventions are to reduce the quality gap in public and private education; while skilling for more meaningful employability. Technology is both challenging and facilitating the skills that people need: technological knowhow, problem solving, critical-thinking, as well as soft skills such as adaptability and collaboration.

Passionate entrepreneurs are leveraging this opportunity in favour of social tech-innovations, to drive a virtuous cycle of change in the education space. Their effective models and tech driven scalable solutions in the edskill arena are catalysing transformation.

Our SkillEd initiative fosters such tech enabled enterprises that catalyse intelligent solutions for the youth, towards "affordable quality education" for all and “meaningful employable skills”.


ABOUT SkillEd

SkillEd is to accelerate development of tech entrepreneurial solutions targeting:

  • Quality gap reduction in public and private education in India
  • Skilling Gap in employment of youth

SkillEd catalyzes longer-term benefits with seed support, hand holding and portfolio interventions. This is to build a strong tie with mettlesome entrepreneurs, who are on their journey to making sustainable social businesses, in edtech and skilltech domains.


Eligibility Criteria

Startup should possess:

  1. Sectoral Alignment - Focused on Edtech & SkillTech solutions
  2. Social Impact - Clear sustainable social impact while working as For-profit enterprise
  3. Stage Fitness - Pre MVP/ Developed MVP/ Early stage
  4. Techno-Economic Viability - of the solution proposed
  5. Team Strength - Committed and passionate Full-time team
  6. Innovative Solution - Potential for IP for process/product/technology, etc.

Program Offerings

Catalytic Support

Seed Support for an Innovative Startup upto INR 35 lacs

Incubation Support

Strategic Advisory and Mentoring for nine months

Portfolio Support

Portfolio, Networking & Follow-on Funding facilitation

Program Timeline

Applications Open
15th August 2020

Applications Close
27th September 2020

Evaluation & Due Diligence
28th Sept - 20th October 2020

Final Selection
30th October 2020

Program Initiation
November 2020



Anchor Partner

MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,700 locations in more than 50 markets. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares are traded on the Tokyo, Nagoya, and New York stock exchanges.

With a presence in India dating back to the 1800s, MUFG has since established itself as a leading global bank in the Indian markets, having led most of the marquee financing deals in the country over the last five years. It has five branches in Mumbai, New Delhi, Chennai (including Sri Lanka’s representative office), Bengaluru and Neemrana, partnering large Indian, Japanese and multi-national corporates and financial institutions as they expand their businesses in India and across the world. The regional executive’s office is located in Mumbai and oversees all of the bank’s operations in India.

For more information, visit www.mufg.jp/english

Program Partners

Reach Us

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