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