understanding the edtech market - tu incubator workshop
TRANSCRIPT
David Muse Photography
Understanding the EdTech MarketMission-Driven, Human- and Technology-Enabled, Critically Important
Early 1900s Classroom: http://goo.gl/FOtIv5
@FrankBonsal [email protected] @TUincubator #BmoreEdTech
Native Baltimorean
Traditional & Experiential Education: MD, OH, NH, UK, TN
14 Years Teaching + Coaching
15+ Years Education Technology Investing
15+ Years Volunteer Education Nonprofit Service
3 Years University Entrepreneurship + Education Innovation Cluster
@TUincubator + #BmoreEdTech
Source: The Industries that are Being Disrupted the Most by Digital, by Rhys Grossman , Harvard Business Review
@TUincubator + #BmoreEdTech
The Edtech Industry: Since ‘2010’
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M.S. in Education Entrepreneurship
SWEDU $2.3B
The Emerging Education Industry: The First DecadeThe Education Industry, 2002-2012: The Era of Resilience
Edtech is the next fintech - TechCrunch
@TUincubator + #BmoreEdTech
In EdTech, Build a Mission-Driven Dragon
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Unicorns vs Dragons, by John Backus, via TechCrunch
N.B. Dragons return the fund, are fund makers. Unicorns are startups that exceed $1B valuation.
Direct Involvement in 40+ Education Companies
Realized
@TUincubator + #BmoreEdTech
Active
EdSurge Product Index
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NewSchools K-12 Market Map
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EdTech Market Maps
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Flybridge Capital Edtech Market Landscape
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BOSTON
NEW YORK CITY
PHILADELPHIA
BALTIMORE(The DMV)
a
Design &Accelerate
Incubate• Build (+ Test)• Grow (+ Test)• Sustain
@TUincubator + #BmoreEdTech
Design, Accelerate, Incubate EdTech…
Incubate
Accelerate
Design
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When you think of Baltimore Startups…
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Think of problem-solving in massive industriesthat leverage regional & institutional core competencies.
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1775-
1850-
1875-
1950-
2000-
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•Resource Allocation Analysis (#edfintech)
•Founded 2013; Founder, TU Incubator Workshop Presenter
Allovue
•Research Curation and Writing
•Founded 2011; moved to BAL, 2013; TU Incubator Member, 2014-
Citelighter
•Next-Gen Teacher Effectiveness & Personalized PD
•Founded 2011; TU Incubator Member, 2014-
Lessoncast
•Massive college entry point cost reduction + learning flexibility
•Founded 2008 (inside Smarthinking, DC); moved to BAL, 2010; Founder, TU Incubator Mentor
StraighterLine
•Low cost, high value LMS built atop open source
•Founded 2005; acquired by Blackboard, 2012; Cofounder & early CEO, TU Incubator Mentors
Moodlerooms
•Quality online, blended, and place-based learning
•Founded 2001; acquired by Pearson, 2010; Founder, TU Alumna
Connections Academy
@TUincubator + #BmoreEdTech
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We are Entrepreneur-Focused
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We are Mapping, Supporting, & Growing an EdTech Ecosystem
When it comes to education, teacher preparation, and pedagogical trends, Towson University is the most networked institution in the Mid-Atlantic.
@TUincubator + #BmoreEdTech
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TU Incubator Strategic Initiatives
EdTech Accelerator Partnerships
Partnerships with leading national accelerators
Proof of Concept Center
Central Maryland product and service
testing in collaboration with LEAs and IHEs
Northeast Corridor
EdTech Hub Collaboration
BOS: LearnLaunchNYC: 4.0 Schools, StartEd AcceleratorPHL: UPennBAL: TU IncubatorWDC: 1776, Jefferson Education
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@TUincubator + #BmoreEdTech