April 2, 2015: The Seattle and Banglore based company Unitus Seed Fund is holding a series of competition for Indian Edtech Startups, in collabration with a Banglore based accelerator Sylvant Advisors. There will be two winners for each compeitition, and the winner will get chance to pitch their idea for seed funding of US$160,000 from Unitus.
There will be three competitions, the first competition was concluded on 27th March, which was an online pitchfest with viewers in the US and India. Over 100 Edtech startups participated, and LabInApp and Math Adventures emerged as the winners of the first competition.
The winner LabInApp is a real time 3D virtual laboratory to help students and teachers perform or demonstrate their science experiment online. And the runner up Math Adventures is an activity based learning platform for mathematics.
Will Poole, Managing Partner of Unitus Seed Fund, says: "India has a US$100 billion for-profit education market. A huge number of firms have launched in the past 10 years, yet the quality and longetivity of their products or service is far from uniform. We believe that upcoming "edupreneurs" need expert mentoring, and a dynamic network community."
The next round of competition is scheduled on 15 May and the last one will be held on september 2015.
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