Startup Founders Raise 40 Cr To Create Model Schools

Starting with 105 schools across Karnataka, the startup founders at YIPP signed a 3-year MoU with the Government of Karnataka to accelerate NEP adoption

Startup founders have collectively raised 40 crore for a public project. Startup founders from the Young Indian Philanthropic Pledge (YIPP), spearheaded by philanthropist Nikhil Kamath and Prashanth Prakash signed a 3-year memorandum of understanding (MoU) with the Department of School Education and Literacy (DoSEL), Government of Karnataka, in presence of the Chief Minister and Education Minister of the state, as part of the Karnataka Model Schools Pathways Programme (KMSPP).

The initiative will undertake the task of incorporating advancements from ed-tech companies to utilise their techniques beyond urban areas to be more socially accessible for rural communities impacting learning outcomes, enrollment and retention of students by building capacities of teachers, augmenting physical and digital school infrastructure, holistic learning, employment readiness skills and community engagement across Government schools.

The aim of the program is to transform 105 schools and its co-located anganwadis/preschools as 'Model Schools' in 4 districts (Haveri (50), Tumkur (25), Yadgir (25), Davangere (5) by 2025.

This initiative is driven on a mission mode to accelerate NEP adoption in the state. The USP is the coming together of the startup ecosystem in India as part of the Young India Philanthropic Pledge, led by Nikhil Kamath (Co-founder Zerodha and True Beacon) and Prashanth Prakash (Founder, Accel) who will be joining hands with global philanthropic foundation, Bill and Melinda Gates Foundation, to provide funding of Rs 50 crore over a period of 3 years.

The first project in a series that YIPP will undertake where signatories, all under 45 years of age, will pledge 25 percent of their wealth with a minimum spend of Rs 1 crore per year.

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Startup Founders fund raise Model Schools

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