EduGrowth, backed by Deakin University, La Trobe University, Monash University, Charles Sturt University and Griffith University, has welcomed its first cohort.

EduGrowth, a non-profit platform founded by Deakin University, La Trobe University, Monash University, Charles Sturt University and Griffith University as well as education company Navitas, has launched an accelerator, Australian Financial Review wrote on Sunday.

The six-month program has welcomed a first cohort of five businesses that focus on the edtech sector. The startups will have access to workspace, mentoring and a network of schools, universities and Navitas.

Each participating company will receive A$50,000 ($38,000) in funding in return for…