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Adult Learners, Educational AI and More - Startup Digest Education - Issue #71

Welcome Fall! Hope all of our educator readers are feeling refreshed and ready to dive back into the
Issue #71  •  September 10  •  view online
Startup Digest Education
Startup Digest Education
The latest news and information about startups and innovations in education.
Welcome Fall! Hope all of our educator readers are feeling refreshed and ready to dive back into the school year. Please enjoy this week’s selection of readings.

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During the Techstars Virtual Meet and Greet you will learn more about our mentorship-driven accelerators and community programs, receive info on the accelerator application process, be able to ask questions, and figure out if Techstars can help accelerate your startup.
Edtech tools aren’t just for college kids and children, increasingly they are also needed and utilized for adult education. However, adult learners have different needs and “While grown-ups may be able to adapt children’s resources, these may not adequately address adult circumstances, like the competing time demands of education, job duties and family obligations.” Thus, research titled “Changing the Equation: Empowering Adult Learners with Edtech,” was commissioned by the Office of Career, Technical, and Adult Education through its Power in Numbers initiative.

EdTech offers an alternative to ‘traditional’ classroom learning methods, engaging students which new, innovative formats, and the ability to tailor approaches to fit the individual student.
According to a forecast laid out by Boclips’ (formerly Knowledgemotion) CEO David Bainbridge in Forbes, the EdTech industry will reach a global value of US$252 billion by 2020. In the UK, there are more than 1,000 startups focused on providing EdTech technology.
The booming EdTech market is a testament to the impact of technology now broadly accessible to schools willing to take a leap of faith.   •   Share

The adoption of AI in is increasing across many industries, and especially in K-12 education, where it may lead to a revolution in the education sector. The key question is whether the increased adoption of AI in classrooms will have an authentic impact on educational practices and outcomes. Whether or not AI does indeed have such an impact will crucially depend on the specific targeting of AI solutions to address existing shortcomings faced by educational institutions.

“Will students instructed in ethics get better at both recognizing technological bias and deploying the tools of code to fix it? Do squishy notions of empathy and conflict in narrative fiction make comp-sci students more sensitive programmers?”. With this article, explore the famous debate about how to teach ethics to engineering students and if they should even learn about it.   •   Share

This report details some of the major changes in EdTech investment since 2016.
  • From 2016 to 2018, funding for K-12 products remained flat at around $318M. At the same time, funding for postsecondary and informal learning took off.
  • In k-12 there have been fewer investments made, but the average size of those deals has grown from $3.5M in 2016 to $5.4M in 2018.
  • Investors told us that they used to invest in companies that showed user growth. Now they look for companies that demonstrate growth in sales, revenue and renewals.
  • Funding for curriculum products is down—to just 25 percent of the K-12 sector, while funding for tools supporting classroom teachers and products for streamlining school operations has grown.

According to the results of 2018, the size of the Russian edtech market is 30 billion rubles. A third of the above-mentioned amount was earned by the largest 35 players. The top spot in the rating of largest Russian edtech companies is occupied by Skyeng, an online school with 1.1 billion rubles in revenue last year. The second and third spots are occupied by “Netologiya grupp” and “iSpring” respectively. The rating does not include multinational companies.

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Register to join us on Thursday, April 9th at 10am ET!

Techstars Startup Digest Startup Digest Education is curated by:
Hrvoje Morić Hrvoje Morić - Educator at the Nazarbayev Intellectual School, Host of The Geopolitics & Empire Podcast
Jemma Israyelyan Jemma Israyelyan - Director at CEED
Raphaëlle Houdot Raphaëlle Houdot - - 🇨🇦🇫🇷 COO at Voilà Learning (language learning disruption)
Laura Truncellito Laura Truncellito - Laura is the founder and CEO of Language Scholars, LLC, a company which seeks to utilize cutting edge technology to enhance global learning and communication.
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