The latest news and information about startups and innovations in education.
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Even with huge government and school edtech spending in the U.S., results can be criticized when it comes to the efficiency these investments have. Other areas of the globe are making particularly significant efforts towards integrating technology in education, creating new market opportunities for companies. For instance:
- European Nordic countries and the UK represent more than half of Europe’s edtech investment growth,
- Israel with a unique focus on R&D about the way students learn,
- Latin America will have invested about $3 billion by 2023 for edtech, in order to accompany a high consumption of edtech (4th area in terms of edtech consumption worldwide),
- China and India showcase massive investments (in 2016, Chinese investment reached $1.2 billion in edtech investments and India predicted to reach about double of this figure in a couple of years).
When the dust settles, it’s likely that the usage sparked by COVID-19 will not return to the status quo ante. We may see half, or even more, of all U.S. students enrolling in online courses much sooner than anticipated. This may be even more true if an economic downturn leaves millions more Americans out of work and seeking training.
What does this mean for institutions and investors? The novel coronavirus could be “more of a catalyst for online education and other ed-tech tools than decades of punditry and self-serving corporate exhortations”.
Institutions (and companies and their investors) are rushing out online “content” and “learning” in a COVID-19-inspired hard shift to online environments. What virtually every school has done amounts to buying a Zoom license and asking teachers and faculty to lead synchronous, talking-head online lectures. They haven’t had the time, much less the resources, to implement the most basic best practices of online learning – like incorporating asynchronous learning tasks in with their lessons.
Between January 2014 and September 2019, more than 4,450 edtech startups have been launched in India. However, 25% of startups have shut shop while only 4.17% of startups have raised funds. As of now, it will not be wrong to say that edtech is yet to gain mass traction.
[From 2:30 to 4:55] “Game-based learning is the future of Education”, Bill Gates said. This resource digs into the video games components that can serve Education. Engagement loops (based on a reward system) are particularly important and useful as they allow to fail in a safe environment. The virtual context also help learners to overcome their fears or preconceived ideas about a subject or the skill they are learning about.
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. firstname.lastname@example.org
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