We are delighted to be partners in the Great Tech Expedition – a week long trade mission to the USA for 17 top british tech startups, including 5 edtech startups selected and supported by The Education Foundation team.
Funded by the Mayor of London’s Export team, European Regional Development Fund and UKTI, the Great Tech mission – which is visiting three cities in just one week: Chicago, Boston and New York – seeks to explore commercial opportunities and build relationships with key US enterprises and investors.
Edtech represents a major growth area for the UK economy and a developing priority area for the ‘Britain is Great’ campaign. The Department for Business Innovation and Skills estimates that annual UK education sector exports (including edtech and e-learning) are worth an annual £17.5 bn (Source: BIS Industrial Strategy, 2013) set against a global edtech and e-learning market of $91bn (Source: Ibis Capital 2013). In the US alone, there is close to $400m investment in edtech startups each quarter, which has the potential to leave the UK trailing in investment in education technology and innovation.
The edtech startup companies taking place are:
- Knodium – a network and collaboration tool for higher education students and lecturers
- RefMe – making referencing and citations easy
- Showmyhomework – an award winning school homework scheduler
- Century – a new adaptive learning platform
- Gojimo – an examination revision app
A full list of companies listed here
The Great Tech Expedition has high level support. Mayor of London, Boris Johnson, says:
“London’s innovative approach to the tech sector is the envy of start-ups the world over. We are a city packed with entrepreneurs who are experts in their field and my commitment to them is to provide whatever assistance I can to set them on the path towards international success. The opportunities that this whirlwind tour presents will convert into dollars for the companies and regeneration, jobs and growth back home in London”
Co-founder of The Education Foundation, Ian Fordham says:
“This mission proves that Edtech is coming of age. The development of education technology in London and in clusters across the UK has enormous potential for jobs, skills and growth. We’re delighted that the Mayor of London is backing this mission which is about growing our economy, but also our knowledge of what works. The Education Foundation is proud to be partners in this mission.”
To follow the progress of the co-founder Ian Fordham and the 5 edtech startups, follow our twitter accounts with hashtag and our Facebook page.