WHY DO WE HOLD AN EDTECH STARTUP EUROPE AWARDS?
For the past 150 years or so, most learning models — especially regarding children — have barely changed: A teacher or lecturer stands at the front of the classroom explaining ideas or introducing facts while students sit and listen with the learning materials being mostly physical textbooks or printouts.
From free e-learning platforms that democratize higher education to online homework help communities, edtech startups of all stripes are popping up across the Europe and pushing the ecosystem to the next level. Even the European Commission has noticed developments in this area and is keen on tapping into the movement.
The E.C.’s Entrepreneurship 2020 Action Plan is generally focused on three areas: education and training; creating a pro-entrepreneur environment; and developing role models and doing outreach to reach groups whose entrepreneurial potential is not being fully tapped.
Technology is changing the job market, and it’s only natural that we find new ways of determining who the right fit for those jobs is. Edtech is poised to be the biggest and possibly most profitable digitalized sector yet, according with David Bainbridge, CEO and founder of Knowledgemotion.
The objective of the Edtech category is to award the startups that bring innovative products or services for educative sector, from online certification platforms to websites that offer interactive learning apps. In general, projects those help to improve and advance in education and not only in training.
The most important eligibility criteria are the following:
- Business Model
- Customer Value Proposition
- Scalability and Market Reach
- Social Clauses: job generated, gender policy, social inclusion, collaboration with NGOs, trainees program.
- European Dimension: participation in European funded projects, partnership or agreements with other European partners.