EdTech Booster Capital
We help EdTech startups with investments, marketing and sales!
Game-based learning
Game-based learning is one of the most popular emerging trends in educational technology. With game-based learning, students play (digital or non-digital) games that teach or reinforce specific concepts and skills. This active learning technique helps promote critical thinking, and can be a great way to keep students engaged. Because of the benefits, game-based learning platforms like EdApp, Kahoot!, and Hoopla are gaining popularity. ResearchandMarkets projects the game-based learning market will achieve a compound annual growth rate (CAGR) of just over 20% from 2019-2026.
The network challenge
Digital learning games can create several network challenges. In addition to the complexities of monitoring, endpoint and license management, and potentially increased bandwidth requirements, IT needs to ensure that teachers have the access and visibility required to assess learner performance.
mmersive learning and digital textbooks
Immersive learning is an approach that leverages augmented reality (AR), virtual reality (VR), mixed reality (MR), and 3D simulations to create highly interactive, virtual learning environments. In recent years, VR solutions from vendors like ClassVR, Oculus, and RobotLAB have become more common in classrooms for lessons in everything from STEM to history. And the market growth isn’t expected to stop anytime soon. A Fortune Business Insights report projects that VR in the education market will grow to over $13 billion by 2026 (up from less than $700 million in 2018).
Digital textbooks are also playing a similar role in changing how education is delivered. Physical textbooks are expensive, hard to distribute and collect from remote students, impossible to update, and, as we saw in 2021, subject to supply chain challenges. Digital textbooks address these challenges, can integrate with e-learning platforms, and help create an interactive learning experience.
And because it’s 2022… a National Literary Trust survey has shown (unsurprisingly) that most students prefer ebooks.
The Hottest Topics in Edtech for 2022
When you have a monumental event like a global pandemic, it’s really easy to focus on the negative disruptions and miss the positive impacts.
And no one would argue that COVID-19 has had a devastating effect on learning. But there are also promising trends happening in education — many of which are the result of innovation spurred by necessity during remote and hybrid learning.
Last year, after many months of remote learning under their belts, educators were eager to share their best practices about online learning, as well as how to build equity and boost social emotional learning, which were three of the hottest topics going into 2021.
While those topics made the list again this year, there were some surprises at the top of the list. Here are the eight hottest topics for 2022, starting with No 8.
8. Augmented, mixed and virtual reality
7. Social-emotional learning
6. Equity and inclusion
5. Online tools and apps
4. Distance, online, blended learning
3. Computer science and computational thinking
2. Instructional design and delivery
1. Project-based learning
Starting your own edtech business is not that scary as it seems!
The stories of Duolingo, MasterClass, and Chegg show us that the education sector offers endless opportunities for building digital products which will surely find its target audience.
If you want to launch your own edtech startup, you need to think about how your company will share knowledge in an entertaining manner, how it will differ from the other services, and whether it can offer more benefits in the long run.
Now with so many new insights about starting an edtech business, a technical aspect of edtech product development is another thing to take care of. That’s why you need a vetted IT company who can develop a solution according to your business idea.
31 EDTECH UNICORNS WORLDWIDE
Unicorns are young startups that were able to reach a capitalization of $1 billion in a short time. The term itself was coined by the founder of the American fund Cowboy Ventures Aileen Lee to underscore the rarity of the phenomenon in 2013.
Note: while this overview was being composed, the world got richer for one more unicorn.
Among over 800 unicorn companies, 31 are from the EdTech sector with a collective valuation of $91 billion, which shows the big time for the undertaking. The latest members of “the nine zeros club” are Emeritus with certified education from top-tier universities, upGrad global online higher ed to accelerate career, and GoGuardian for schools’ management.
Tutoring, language learning, corporate learning, test preparation, online post-secondary and curriculum, and career planning are impressive but far from the full list of clusters where you can find yourself to hit the unicorn list.
INVESTORS ADORE EDTECH
$10.76 billion is a figure of record-breaking venture capital investments that took off at an unprecedented clip by 2020.
Yet on a pre-seed round, figures count $2.1 million to support Maqsad, a startup from Pakistan, aiming “to make education more accessible to 100 million Pakistani students.” It is a good ground for R&D and growth activities, isn’t it?
Leap, a US-Indian two-year-old startup focused on helping students with abroad education issues, raised $75 million in total in 2021 in Series B and C. Apart from intensive investors Sequoia Capital India and Jungle Ventures, Owl Ventures and Harvard Management Company joined the forces to supported EdTech undertaking, finding it promising.
Another example, Panorama Education, serves 25% of American schools, having backed with $60 million funding to provide an education software platform helping educational institutions to understand their K-12 students with surveys. In its turn, NoRedInk, a San Francisco-based startup, got a $50 million Series B support to help students get back on track with writing skills, which demonstrates the renewed interest of investors in the sector.
Advantages Offered by EdTech
Educational technology offers numerous significant advantages. Educators believe that different students learn at different paces and learn best in diverse ways.
For example, while some students learn information best from reading, others benefit more from audio-visual presentations of information. EdTech offers students the flexibility to access learning from the sources they find most helpful and effective.
A major benefit hailed by online learning students is that of being able to access teaching and training at their own individual pace and time. The flexibility to access online learning at whatever time is most convenient for the student makes education and ongoing professional training much more available to all types of people, in all types of situations.
It is particularly helpful to people with a full-time job and, therefore, would find it extremely difficult to attend regular courses at a university.
An obvious and substantial benefit of EdTech is the massive potential cost savings in education. Online e-learning can be provided at a fraction of the cost of attending a major university or even a small community college.
The reduced cost of online learning makes obtaining a degree or additional professional certification much more affordable for anyone interested in expanding their knowledge and skills.
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