This week has been marked by decisions to close schools all over Europe, but the teaching is still continuing, albeit virtually. This has created an urgent need for online teaching tools - and many companies are offering free EdTech products for affected schools.
Annual VC investments in the EdTech sector grew 14-fold from 2010 to 2019 (according to HolonIQ). The EdTech market size is currently $152 billion (2018) and estimated to grow into $432 billion by 2025 (HolonIQ). As the growth continues, more startups look at how to get edtech funding and how to sell to schools. But also EdTech investors have tough competition in finding the best EdTech startups to invest in.
We are happy to announce two new partnerships with top-notch EdTech accelerators in Singapore and Qatar. The partnerships are based on our work in helping accelerated companies to improve their product-market fit through evaluating product's pedagogy, usability and retention. Cooperation consists of on-site pedagogical impact workshops, mentoring and conducting pedagogical impact evaluations of the EdTech products.
“Fail fast” is a famous philosophy among startup entrepreneurs. For product developers, it means rapid testing and re-development to determine whether an idea has value. This philosophy is useful also for education technology startups. Testing EdTech app as early as possible can be very valuable when evaluating the product-market fit. And fast product iterations can save lots of time and money.
Education Alliance Finland's EdTech product evaluations are based on peer-reviews, made by Finnish teachers who have been trained to use our science-based impact evaluation method. Before a product gets issued the EAF's EdTech certificate, several teacher-evaluators have conducted a product audit and evaluation. By having teachers as evaluators our aim is to get their voice better heard when learning solutions are being created.
