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Magrid start-up wins EIB social innovation prize

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Published on Wednesday, 13 October 2021

Magrid, a start-up created by former doctoral student Tahereh Pazouki, last week scooped the top prize in a social innovation tournament organised by the European Investment Bank Institute (EIB).

Magrid was developed as part of a doctoral research project and was incubated at the University of Luxembourg Incubator. Its language-free maths training method is tailored for pupils struggling with language barriers or who are hearing-impaired. Such a tool is particularly well designed for Luxembourg, which has a very large non-native speakers’ student body in primary schools.

While language diversity has many positive sides for children, it is a significant challenge for teaching and learning in schools, notably for maths. Magrid was rolled out in Luxembourg schools in 2021.

The start-up competed against 14 other finalists – including medical technology start-ups, start-ups developing sustainable fabrics or working to reduce plastic waste and water wastage – at the 10th Social Innovation Tournament in Lisbon last week. The award carries a cash prize of 75,000 euros in the general category. The EIB Institute initiative aims to reward Europe’s best social entrepreneurs.