Trust is one of the main reasons why people choose to buy a certain product. Product testing and piloting are crucial when school district decision-makers evaluate differences between solutions. Moreover, reliable industry quality standards are helpful in recognizing trustworthy solutions. These quality standards are normally scientifically-backed, based on professional product audits which are done by trained evaluation experts.
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.
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.
