technology that supports education excites edtech entrepreneurs, and with good
industry is poised for launch on a high-arcing trajectory of success. Teachers
need edtech solutions because of the demands that have been placed on them to
meet the needs of every student.
response to student need is both innovative and agile, making this an exciting
field for entrepreneurs, especially in Europe, where boldness and collaboration
investors have been taking notice of the opportunity Europe offers. In a
three-year period (2014-2017), European edtech growth
Investors have shown an eagerness to get in on innovation technology startups
in their earliest stages.
in particular, have the highest concentration of funds:
European edtech startups are filling the
need for learners and their time-strapped instructors.
One of the
most exciting edtech accelerators in Europe is xEdu, which occurs in Spring and Fall. The three-month long Finnish
accelerator helps with funding, collaboration, publicity, and other support.
entrepreneurs accepted at xEdu are immersed in ample opportunity to launch a
product. The concerted effort catapults edtech entrepreneurs into a superior
position in the edtech market.
accelerators in the European edtech industry include Founders Factory in London and Learnspace in Paris. These accelerators take hopeful entrepreneurs
step by step through the process of putting their product on the market.
synergy is real
Known for a
superior education program, Finland uses edtech less than any other nation in
Europe, and far less than schools in the United States. Less than a third of
students say they use a computer once a week; most
learning is done the old fashioned way: with note-taking.
to note that the frequency in which a student uses a computer is far less
important than the reasons for using it. Edtech in Finland is a tool, not a
panacea. Edtech use grows with the child. Finnish schools
don’t compartmentalize education; instead, it’s treated as a collaborative
process, and edtech is one of the tools used.
urgency for collaboration has made Helsinki a favorite location for edtech
entrepreneurs. Edtech centers also have taken root in London, Paris, and Oslo,
for similar reasons. In doing so, these hubs are leading the way in edtech
innovation. Other incubators have popped up in Berlin, Krakow, and
begun to look favorably on startups, and edtech is an industry that appeals to
many, from entrepreneurs to investors. Angel investors are more than willing to
drop seed money for startup-ups, but the real draw is the collaboration and
mentoring that takes place during the incubation period.
in edtech won’t solve all of the world’s problems, but the students using these
digital initiatives will be our next generation of problem-solvers. European
edtech accelerators and incubators are already putting the tools in the hands
of today’s students.