Investment: $2M unrestricted grant
Portfolio: Scaling Capital
Investment date: April 2019
Region(s) served: Sub-Saharan Africa
Core Impact Metric: Increased graduate income
How a $2 million unrestricted grant is helping pave Educate!’s path towards continental scale
Educate! is working to solve the skills gap for African youth that emerges between secondary school and employment by incorporating entrepreneurship training into standard curriculum in Kenya, Uganda, and Rwanda.
Why Rippleworks Invested:
Educate! graduates have gone on to earn more than twice as much as their peers: $338/year vs. $165/year due to the fact that they are able to start businesses that sustain their livelihoods (and those of their families) after graduation.
In Kenya and Rwanda, for example, Educate! has been working with the government to bring in the program and roll out changes across hundreds of schools simultaneously. Making this possible is Educate!’s Uganda “Center of Excellence” operations, which Educate! uses to demonstrate its impact and effectiveness to other governments that are considering new policy adoption
Our $2 million grant further helps Educate! directly support more than 25,000 new students across 641 total schools in Uganda, helping Educate! move toward its 1,000 school target in Uganda—a tipping point toward attracting wider government buy-in.
Students are 64 percent more likely to start businesses as a result of the Educate! program.
More About Educate!:
Educate! tackles youth unemployment by partnering with schools and governments to reform what schools teach and how they teach it, so that students in Africa have the skills to start businesses, get jobs and drive development in their communities.
Educate! teaches young people the hard skills (planning, budgeting, savings, and research) and soft skills (teamwork, networking) in secondary schools across the country. With the support of a Youth Mentor (a highly trained youth volunteer) and an Educate!-trained teacher, an average of 100 students in each school form business clubs and practice hard and soft skills in a team setting.
In 2019, Educate! partnered with governments to pilot in more than 60 schools in Kenya, worked in more than 175 secondary schools in Rwanda and more than 750 schools in Uganda, reaching more than 44,000 students intensively and 545,000 more broadly.