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 very proud to announce that EAF EdTech Evaluation & Certification service has been nominated for the 2020 Klaus J. Jacobs Best Practice Prize.
"The Zurich based Jacobs Foundation, a globally leading foundation in the field of child and youth development, will honor outstanding achievements in advancing quality education in an awards ceremony in November 2020. It will bestow three awards to recognize three of the best education organizations globally. Each award will come with an amount of CHF 200,000."
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.
