Funding to education-technology companies is booming from $259M in 2010 to over $1563M in 2014. Overall, there is more than a 503% growth rate in educational investment during the period from 2010 to 2014. In first quarter of 2015, there is a new high record with a total of $641M investment. However, the amount of deal has fallen from 194 in 2014 to 158 in 2015, which probably indicates that investors has reconsider the investment decisions in the field of education, they are more inclined to invest in the later stage instead of investing in early stage. Continue reading
The globalized economy demands cross-cultural communication for promoting cultural exchange, international business trade or political negotiation. Therefore, people nowadays pay more attention on multi-language learning. However, the problem is that there are inadequate qualified bilingual teachers to meet this rapid increasing demand. Having a good command of a certain language requires time commitment and huge amount of money investment as well. Thus a large number of education commercial companies regard language learning as a business opportunity to explore, what’s more, technology has been used in this field to bridge the gap between teachers and students as well as raise more intellectuals. Therefore, entrepreneurs began to combine technology and language learning to create innovative pedagogy. Here is the introduction of three education technology firms which concentrate on language training. Continue reading
Economic Development Board, one of departments of Singapore Ministry of Trade and Industry announced on October 29th that they have participated in series C financing of the education technology giant, Coursera. In August, Coursera has raised almost half billion dollars financing which led by New Enterprise Associates, KPCN, International Finance Corporation and Times Internet Limited. Now investment from the government of Singapore has bringing the series C funding to US$61.1 million. The amount Singapore government has invested in Coursera has not been disclosed. Including this round, Coursera’s total funding so far is around US$146.1 million. Continue reading
“Rich Lyons, dean of UC-Berkeley’s Haas School of Business, has publicly predicted that as many as half the business schools in the U.S. could shutter in as little as five years or as many as 10. How disruptive do you think this is going to be?”
— Fortune, “Colleges will survive the online education revolution”
In the past ten years, Venture Capital and Private Equity firms have gradually grow interest in internet educational companies and invested in thousands of educational startups in a global wide. As a major part of internet educational firms, online education companies make people have chance to receive education as long as they have access to Internet. Besides, online education startups not only focus on early childhood education, K12 education system, college education, also involve continuing education and vocational training.
‘Their data driven, tech-enabled system, currently serves more than 100,000 students in three countries, and we are continually looking for ways to improve and to expand access to high-quality education for all children’.
When it comes to educational innovation and technology, people are inclined to think about internet applications even robot learning, however, innovation and technology is not restricted to wealthy people. The 2015 World Innovation Summit for Education awarded 6 educational programs winners, all of them focus on improving education, providing advanced education resources for underprivileged people within global scale. Continue reading