“I am super excited about startup energy, tech & product capabilities focusing on challenging social problems. I am hoping that this problem centric, non-siloed approach of working with for profits & nonprofits, can enable a way of problem solving & collaboration that create meaningful & sustainable impact.”
Founder, Udhyam Learning Foundation
ACT-EdTech Ambition Fund will fund innovation with core goals of reducing learning poverty and preparing learners for life
The COVID-19 pandemic has deepened the learning divide and aggravated the learning crisis in India, where learning levels in school education have been low and stagnant for over a decade. But, at the same time, it has also helped build muscle around the use of technology for continuous learning, both in and out of the classroom. This is a ‘Sputnik moment’ for India’s EdTech ecosystem, which has hitherto left the low income segments untapped. Education Technology has the potential to leapfrog the learning crisis, by overcoming key traditional constraints in the classroom and at home.
The ACT Education Fund aims to achieve the following goals through catalytic investments in EdTech products and platforms that can improve access to and uptake of quality learning for the bottom three economic quartiles of India’s population –
I. Reducing Learning Poverty
Building foundational skills in literacy and numeracy in primary school is critical to unlock the benefit of every additional year of schooling – children need to learn to read before they can learn to read. The fund will aim to reduce learning poverty to 15% (down from 55% presently) in India over the next ten years
II. Preparing Learners for Life
Relevance of curriculum in secondary school and undergraduate colleges in India is low for the majority of learners and is disconnected from the realities of opportunities that exist. The fund will aim to ensure that 60% of India’s children are ready for the real world by building social-emotional and work readiness skills.