UIncept launches incubation program for edtech startups
According to reports by Google and KPMG, online education sector in India is expected to have 8x growth in the next five years. Today, India has more than 3500 edtech startups with innovative teaching methods like AR/VR, gamification AI etc. UIncept, a Gurgaon based company has launched an Incubation program for edtech startups. It is a 11 month program with the objective to identify 20 startups and help them building their cutting edge solutions through a scalable business model. UIncept is inviting application for the program till 15th June. Manish Gupta, Founder, UIncept, said “Edtech is bustling with opportunities in India, owing to rapid internet penetration and growing smartphone usage. The time is just right for the country to have a robust ecosystem of ed-tech entrepreneurs and investors supporting them to bridge the gaps in the learning sector”. The startups will be shortlisted on the parameters of uniqueness, viability competency, and scalability. UIncept would help these startups to raise funds more frequently and expand their operation in the education market of India.