Sunday, March 18, 2018

EdTech is having a renaissance, powered by the emerging world

So-called ‘EdTech’ has seen many false dawns over the years. After being lauded as the teaching platforms of the future, most MOOCs (Massive Open Online Course platforms) have not quite lived up to the superlatives made for them, and the sector has had trouble coming up with more innovative ideas for a while.

But that appears to be changing if a new wave of startups is any indication. In Dubai this weekend I was invited to judge a number of education startups which are really trying to move the need on EdTech, and in particular on a sector with almost unlimited potential. That is, education platforms aimed at the emerging world, where the hunger for scalable education is almost incalculable.

Consider this: Ethopia, now a far more stable country that it once was, contains more people under 25 than almost anywhere else, and it has a population of over 100 million people. And consider the potential for EdTech to transform countries like India, for instance. This is going to be a very interesting market in the future, as well as being an urgent issue. According to UNESCO, 264 million children do not have access to schooling, while at least 600 million more are “in school but not learning”. These are children who are not achieving even basic skills in maths and reading, which the World Bank calls a “learning crisis”.

A taste of what is to be found in this sector was showcased today at the “Next Billion Edtech Prize,” launched at the Global Education & Skills Forum (think: Davos/WEF for Education) by the Varkey Foundation to recognize the most innovative technology startups destined to have a radical impact on education in low income and emerging world countries.

The overall winner in the competition was Chatterbox, an online language school powered by refugees

This web platform harnesses the wasted talent of unemployed professionals who are refugees, offering them work as online and in-person language tutors. Based in the UK, where there is a language skills shortage estimated to cost the economy £48bn every year, Chatterbox has now signed up several UK universities and major non-profits and corporations to use its services. Having raised a seed round from impact-fund Bethnal Green Ventures, it’s now looking for further funding to expand.

Co-founder and CEO Mursal Hedayat was three years old when she arrived in the UK as a refugee from Afghanistan with her mother, a civil engineer who spoke English and three other languages fluently. “I watched her become unemployed in the UK for more than a decade. Refugees with degrees and valuable skills still face shockingly high levels of underemployment. An idea like Chatterbox has never been more urgently needed,” she says. (Indeed, the conference later heard from Al Gore who quoted research that showed millions of people will become refugees due to climate change in the next few decades).

Chatterbox’s fellow finalists for the $25,000 prize on offer were equally interesting.

Dot Learn was almost literally the same as ‘Silicon Valley’s PiedPiper. It makes online video e-learning far more accessible on slow connections for users in low-income countries, especially because it compresses educational video so making it cheaper to access. Its technology reduces the file-size of learning videos, requiring 1/100th of the bandwidth to watch. At current data prices in Kenya and Nigeria, this means a student or learner can access 5 hrs of online learning for about the cost of sending a single text message ($0.014). The startup was a notable finalist during TechCrunch’s Battlefield Africa.

TeachMeNow is a gig-economy platform for teachers. This marketplace connects teachers, experts, and mentors to students. The technology combines scheduling, payments and live virtual sessions that can connect on any device allows tens of thousands of teachers to create their own online businesses, with some earning over $100,000 last year. In addition, schools and companies including Microsoft use TeachMeNow software to create their own-branded online learning communities.

Sunny Varkey, Founder of the Varkey Foundation and the Next Billion Prize says he launched the prize because “over a billion young people – a number growing every day – are being denied what should be the birthright of every single child. The prize will highlight technology’s potential to tackle the problems that have proven too difficult for successive generations of politicians to solve.”

Other notable finalists included Learning Machine. This using the blockchain as a secure anchor of trust makes verifying the authenticity of a document instantaneously, specifically education documents like university degrees. They are now working to put all the educational records of Malta online.

Localized is a new platform for college students and aspiring professionals in emerging economies to find career guidance, role models and expertise from global professionals who share language and roots (think Slack meets Quora for college students in emerging markets, drawing on diaspora expertise).

The Biz Nation is an EdTech startup focused on empowering youth with technology skills, soft skills, entrepreneurship and financial intelligence through a methodology that improves user’s learning about creating a business.



from Microsoft – TechCrunch https://techcrunch.com/2018/03/18/edtech-is-having-a-renaissance-powered-by-the-emerging-world/

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