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Generous prizes lure international ed-tech startups

There has never been a better time for ed-tech startups and entrepreneurs

sanoma-startups-challengeFrom April 23-25, more than 100 hundred ed-tech startups from two dozen countries will compete in Amsterdam for $35,000.

Sanoma, a Finnish media company, is hosting the contest to encourage innovation in education.

For a list of the 5 ed-tech finalists, read the full story from the The Next Web here.

For those observing international education trends, Finland’s active role in education should come as no surprise. Teachers in Finland must possess a master’s degree and pass a rigorous application process, and free education is offered from kindergarten to higher education.

For more on Finland’s attitude toward education, read here.

Apparently, this is an excellent time for ed-tech startups. Last year, entrepreneurs raised more than $600 million, compared to over $200 million in 2008. Read the full story in VatorNews.

As technology and innovation in education continues to expand with exposure and funding from influential donors like the Gates Foundation and ABC’s critically acclaimed entrepreneur-themed show Shark Tank, a steady growth in the ed-tech industry can be anticipated.

Just last week on Shark Tank, a Virginia-based ed-tech company named Zoobean which curates and delivers children’s books customized to each child’s needs, secured a $250,000 investment to expand their business.

Do you think there should be greater media attention and emphasis to advance ed-tech innovation? Share your thoughts in the comments section below and by joining the conversation on Twitter @Michael_eSM.

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