CL Educate clears university startup funding

Nov 19, 2019 • Callum Cyrus

The education services provider is set to invest $4.2m in university-based startups in support of open innovation platform Wain Connect.

India-based education services and technology provider CL Educate intends to invest Rs300m ($4.2m) in startups affiliated to universities, the Economic Times has reported.
The company will provide roughly $7,000 to $70,000 for each university campus-based startup, unveiling its initial cohort of portfolio companies in March 2020. It will be allocated through open innovation platform Worldwide Academia Industry Network (Wain) Connect.
Formed in 2016, Wain Connect was formed to help startups collaborate with university and corporate partners. Its sponsors…

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