METAEDU 21: Accelerating growth of Education Technology ... TOPICA Edtech Group When businesses are looking at expanding to Southeast Asia, they often have questions about the viability of the market. At that time, it announced plans to scale across Southeast Asia, but it has yet to fulfill that promise. 21) SBI Ven Capital. There are roughly 700 million people who live in Southeast Asia. Parts of the region have been held back by inconsistent access to connectivity, electricity, and devices, as well as mixed appetite at . Singapore's 1st Edtech Accelerator | EduSpaze SEA Change: The New Wave of Optimism in Southeast Asia EDTECH IN SOUTHEAST ASIA With Southeast Asia's recent economic growth, there has been greater government and parental spending on education, thus increasing access to education across much of the region. Fintech is Southeast Asia's largest venture capital investment category by number of backed startups. EdTech Asia - Home | Facebook When a child starts school, their love of learning may be negatively influenced by large class sizes, lack of individual attention, and teaching styles contrary to their . Limited number of edtech solutions. As schools pivoted to online learning due to COVID-19, EdTech tool adoption in Southeast Asia has witnessed record growth in 2020, with more than 3 times spike in the install base of the top EdTech . Future Of Edtech India: Factors Driving The Growth Of ... Edtech is particularly useful in large countries such as Indonesia which . This session is sponsored by the Victorian Government Trade and Investment (Southeast Asia Higher internet penetration rates and an ever-growing number of smartphone users has facilitated the rise of the edtech industry in Southeast Asia. Topica. EdTech in Africa: A Landscape. Published by GSV Ventures ... (⏱ 4 min read) We are excited to announce the second group of UK tech scaleups selected for Tech Nation's International Growth Programme supporting companies to expand into Southeast Asia and Australia. Tech Nation, December 10, 2021 ⏱ 5 min read. EdTech in Southeast Asia as the Solution. On the 2nd day the physical event ceremony giving the Taiwan EdTech 50 awards and the Eduathon—EdTech hackathon live competition. This article was written by Steve Dawson, Founder and CEO of Asia Market Entry. Strengthening Southeast Asia's knowledge and capacity on EdTech will mitigate some of the impact of COVID-19 by helping countries modernize their education system while preparing for future . Topica Edtech Group is voted in the Top 50 innovative ... Whilst China and India have become EdTech powerhouses in recent years (it's been impossible to miss Indian's EdTech giant Byju's meteoric success), much of Southeast Asia has been slower to adopt. Join us for the launch of the 2021 Southeast Asia EdTech 50 and hear more . Technology-Enabled Innovation and Education in Southeast Asia - EdTech diagnostics and interventions support. EdTech Virtual Trade Mission to Southeast Asia will be showcasing advanced Victorian EdTech solutions and tools to K-12 schools and higher education institutions and public sector organisations in the target countries of Indonesia, Malaysia, Vietnam and Thailand Southeast Asia is home to a population of 700 million, of which 26 per cent falls within the school-attending age group. EdTech industry has been growing rapidly and Singapore itself has seen growth in this sector. EDTECH IN SOUTHEAST ASIA Opportunities for EdTech development and investment in five Southeast Asian markets: Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Octava Foundation & MIT Solve. Singapore has repeatedly been placed in the top 5 highly ranked countries in the world related to educational outcomes. EdTech in Southeast Asia . Malaysian edtech firm bags $1.5m for expansion plans The 22 companies span more than ten subsectors of tech, with more than 50% of the cohort in fintech, healthtech or edtech. On the 2nd day the physical event ceremony gave the Taiwan EdTech 50 awards and the Education - EdTech hackathon live competition. This has led many schools to adopt the education technology (EdTech) tool. Founded in 2014, Ruangguru is a leading edtech platform in Indonesia, and growing quickly in Vietnam and Thailand. Global EdTech Scope and Market Size EdTech market is segmented by company, region (country), by Type, and by Application. Fortunately, Southeast Asia opened this new decade with a strong foundation, good momentum and an incredible opportunity to influence much-needed reform and transformation across the region. Southeast Asia's budding edtech ecosystem . 2021 Southeast Asia EdTech 50 | HolonIQ Several edtechs have been exploring live online instruction (one-to-many format) amidst the lockdowns, but in many areas across the region, this exploration has been met with several challenges, foremost of which is internet connectivity. The biggest opportunity for EdTech in Southeast Asia, is that it is less tied to legacy institutions and systems than most places are—which opens up the possibilities for major EdTech advances . At the same time, following Harvard, Stanford, MIT and Duke University, Topica Edtech Group applied 3D simulation technology in teaching. Over the last few decades, Southeast Asia has experienced significant economic growth. Australia EdTech Market Size YoY Growth (2016-2027) & (US$ Million) Figure 46. The . Vietnam is the third-largest e-commerce market in Southeast Asia just after Indonesia and Thailand. EXECUTIVE SUMMARY. The firm manages virtual classroom services, online exam platforms, subscription learning . Eduspaze helps early stage edtech startups go to market, accelerate their growth, and co-innovate with . Southeast Asia's tech startup scene is booming. As we enter 2021, here we look at the top 5 EdTech players in Asia that have shown remarkable growth and resilience. Also, schools and other educational institutions in such areas had to close their . COVID-19 has accelerated digital transformation in Southeast Asia. They helped several EdTech event in Middle East, Africa, Asia, and this is the first time helping Taiwan to have the Taiwan 50 EdTech and giving the award acknowledgement. Most organizations and associations force to follow protocols such as social distance, remote work, and virtual solutions to overcome any problem. 29. Major players in the global tech market are acquiring and funding various fintech startups in Southeast Asia to varying degrees of success. EduSpaze is Singapore's first edtech accelerator supported by Enterprise Singapore , the enterprise development agency. Omidyar Network India . December 23, 2021 / Aasma Shaikh / Uncategorized / 0 comments. Latin America EdTech Market Size YoY Growth (2016-2027) & (US$ Million) India EdTech Market Size YoY Growth (2016-2027) & (US$ Million) Figure 45. Huge congratulations to Grab, Anthony Tan and Hooi Ling Tan on the biggest US listing by a Southeast . Topica Edtech Group is voted in the Top 50 innovative Edtech Startups in Southeast Asia by the world's smartest data platform of education technology HolonIQ (*) 20.06.2020 The prestigious HolonIQ organization announced Southeast Asia's Top 50 Startups on Education. Served hot and weekly, Thursdays. Everything About Rise of EdTech in Southeast Asia. (Photo by Tomoya Onishi) HANOI/TOKYO -- Vietnam's education technology market has . The outbreak of the COVID-19 pandemic has fast-tracked many of the technological shifts that were already in progress before this crisis. 9. EduSpaze helps early stage edtech startups go to market, accelerate their growth, and co-innovate with other stakeholders in the space to address sector-specific challenges with innovative solutions that improve learning . Special thanks to fellow Associate Sophie Hoffman for her support and assistance in covering the continent. 30 Jun 2021. With people moving online for work, shopping, learning, and entertainment, we identify tech trends in Southeast Asia that will reshape the landscape post-pandemic and the role the tech companies will play in this shift. With Southeast Asia's recent economic growth, there has been greater government and parental spending on education, thus increasing access to education across much of the region. Eduspaze helps early stage edtech startups go to market, accelerate their growth, and co-innovate with . Scope of the . The edtech portfolio of Lightspeed India includes BYJU'S, FrontRow and Teachmint. In recent years, edtech investments in Southeast Asia have increased in volume and value. in Japan and Southeast Asia. Global EdTech has had a massive decade and COVID-19 has re-shaped our collective assumptions for the future of education. ASEAN's edtech startups eye brisk expansion on COVID boost. While there has been a steady increase in edtech startup activity over the past few years, Southeast Asia remains an underdeveloped region for edtech . With Southeast Asia's recent economic growth, there has been greater government and parental spending on education, thus increasing access to education across much of the region. Other represented subsectors include ecommerce, […] Fintech in Southeast Asia appears to be quite promising in this respect. It . Topics discussed: Southeast Asia has also been riding high since the past 5 years with US$480 million in EdTech investments. However, in many regions including Southeast Asia, EdTech is still largely serving the more affluent learners in these markets. History of Southeast Asia from prehistoric times to the contemporary period. However, despite this progress, significant educational challenges remain, especially for disadvantaged and marginalized groups. Speakers at the ASU-GSV session pointed to Korea as a major incubator for computer games and an eSports hub, as well as the recent popularity of Korean culture - such as K-pop and Korean television dramas and film, especially in Southeast Asia - as providing the basis for developing engaging edtech. When a toddler begins faculty, their love of finding out may be negatively influenced by large class sizes, lack of explicit particular person . Good Morning Dear Reader, On 8 October, The Ken wrote a story about alleged plagiarism. Starting from online content access, EdTech now incorporates gamification, social learning, and learner data analysis to provide personalised learning . The one-stop for the biggest shifts in India's $180 billion education market. While still a relatively new concept in the area, education technology (edtech) startups have been . Gurugram-based edtech startup  PlanetSpark  on Tuesday raised $13.5 million in a Series-B funding round from  Prime Venture Partners  and marquee global entrepreneurs including Binny . It aims to nurture a vibrant edtech startup ecosystem that serves the education sector in Singapore and Southeast Asia. Large underserved populations in Southeast Asia would benefit from modernizing traditional education systems, which could lead to cost reduction and improved access. Startup Coffee Chat is a monthly event bringing startups from across Southeast Asia together to share best practices and learn from one another. Driving adoption of edtech in Southeast Asia pushes the need to strengthen internet infrastructure. The greater challenge is to create high wage jobs given the lack of high-quality educational institutions. They helped several EdTech event in Middle East, Africa, Asia, and this is the first time helping Taiwan to have the Taiwan 50 EdTech and giving the award acknowledgement. Developing countries in Asia recorded the world's only foreign investment growth in 2020, accounting for more than half of global flows, according to UNCTAD's World Investment Report 2021. Evidence shows that school closures tend to increase drop-out rates, which tend to disproportionately affect adolescent girls in developing countries. AnnJil Chong, DIGITIMES, Taipei Thursday 28 October 2021. Credit: DIGITIMES. It provides direct operational support and connections for startups to achieve success. Expanding to Southeast Asia: challenges and options. However, despite this progress, significant educational challenges remain, especially for disadvantaged and marginalized groups. 2 HOW TO USE THIS REPORT EXECUTIVE SUMMARY Overview of the opportunity for EdTech in Southeast Asia and EdTech startups become popular targets of investors as the COVID-19 . Opportunities for EdTech development and investment in five Southeast Asian markets: Indonesia, Malaysia, the Philippines, Thailand and Vietnam. EdTech in Southeast Asia White Paper - Octava Foundation. Congratulations to the teams in the 2021 Southeast Asia EdTech 50 and thanks to EduSpaze for . Tuesday, November 30th 2021 - 6:00 PM (PST) About 45 minutes. . With so much money going around, interest in fintech on both the investor and the founder side of things is at an all-time high. EdTech startups on the rise in Southeast Asia. Edtech Transforms Learning Outcomes In Southeast Asia. E-commerce, fintech, and Edtech driving Vietnam's digital market E-commerce. Topica, founded in 2008 in Vietnam, is a multi-faceted edtech endeavour. A Temporary Blip. In 2008, Topica Edtech Group was founded as an education technology company whose mission is to promote high-quality online education among learners in Vietnam and South East Asia. For more than 99% of the population in Southeast Asia, excluding Singapore, there is no university ranked within the global 300. In addition, over the last five years, Southeast Asia managed to raise $480 million in venture capital funds for edtech . Top 10 EdTech Startups in Singapore. Companies plan to overcome new learning obstacles with accelerators. SBI Ven Capital is Asia focused venture capital. It aims to nurture a vibrant edtech startup ecosystem that serves the education sector in Singapore and Southeast Asia. Mathpresso, the Seoul-based edtech company behind QANDA, an AI-based learning app for K-12 students, announced today it has added Google as a new investor. The annual Southeast Asia EdTech 50 recognises the most promising EdTech startups based in the region and surfaces the innovations occurring across the market. This has driven both government and . The pandemic has paved the way for the increasing digital consumption in Vietnam's e-commerce market, posting the fastest growth rate in Southeast Asia. EdTech in South East Asia. This blog post is the summary of a summer project at GSV Ventures, a global EdTech VC fund. . (If you are a founder based in Africa, Southeast Asia or Europe, feel free to reach out to Sophie). A student in Vietnam takes part in an online class. Literacy rates in Laos (58.3 percent), Cambodia (73.9 percent), and Myanmar (75.6 percent) still trail behind their neighbors, but even countries with higher literacy rates in the region are being adversely affected by the constraints currently facing the education sector in Southeast Asia. Emerging Tech Trends in Southeast Asia: Foodtech, Fintech, Healthtech and Edtech . Topica Edtech Group is voted in the Top 50 innovative Edtech Startups in Southeast Asia by the world's smartest data platform of education technology HolonIQ (*) 20.06.2020 The prestigious HolonIQ organization announced Southeast Asia's Top 50 Startups on Education Education in Sri Lanka - WENR In Southern Asia, the adult literacy rate rose . However, despite this progress, significant educational challenges remain, especially for disadvantaged and . EDTECH IN SOUTHEAST ASIA Opportunities for EdTech development and investment in five Southeast Asian markets: Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Let me share why we think you, as UK tech . Evidence shows that school closures tend to increase drop-out rates, which tend to disproportionately affect adolescent girls in developing countries. The HolonIQ Southeast Asia EdTech 50 reveals new players in ASEAN (Association of Southeast Asian Nations) gaining the attention of students, parents, policymakers, and investors. Overall, the report suggests that while investors are interested in edtech in Southeast Asia, there is still a lot of work to be done to catalyze growth and attract more investment dollars. The HolonIQ Southeast Asia EdTech 50 is drawn from a broad ASEAN focused cohort of new players rapidly gaining the attention of students, parents, policymakers and investors alike. As EdTech in Southeast Asia turned the necessity of the hour within the present given scenario, there are numerous different components that contribute to its additional growth. EduSpaze is Singapore's first edtech accelerator supported by Enterprise Singapore , the enterprise development agency. The society in general is grappling with how it confronts the impact of the 4th Industrial revolution and the rapidly changing world of work. Abhay Saboo (CoLearn), Danny Hwang (NPX Point Avenue), Nellie Wartoft (Tigerhall), Rajan Anandan (Sequoia Capital), and Brian Rogove (XCL Education) on The S. That is a focused cohort of ASEAN new players rapidly gaining the attention of students, parents, policymakers, and investors alike. This has Beginning Early When a toddler begins college, their love of studying could also be negatively influenced by massive class sizes, lack of particular person . Executivesummary Over the last few decades, Southeast Asia has experienced significant economic growth. Exciting news for the Southeast Asia tech ecosystem! EdTech is also assisting with the upskilling and reskilling challenges in the education and training sector. Strengthening Southeast Asia's knowledge and capacity on EdTech will mitigate some of the impact of COVID-19 by helping countries modernize their education system while preparing for future . SEA has high internet penetration rates, and in 2019 alone, 97 million handsets were purchased in SEA, making the region fertile ground for the expansion and adoption of edtech. As EdTech in Southeast Asia became the need of the hour in the current given situation, there are many other factors that contribute to its further development. They helped several EdTech event in Middle East, Africa, Asia, and this is the first time helping Taiwan to have the Taiwan 50 EdTech and giving the award acknowledgement. Southeast Asia's Top 50 Edtech Startups is designated from the top-notch 500+ companies through a vigorous process based on HolonIQ's highly intelligent global data platform. IMJ Investment Partners is a Singapore based VC focused on investing in startups in Southeast Asia and Japan. In Singapore too, EdTech has been evolving and the industry has seen sustained growth. GPCA featured Indonesia-based edtech Ruangguru in the 2021 report, Emerging Tech Trends in Southeast Asia. It consists of a continental projection and a string of archipelagoes to the south and east of … Chams - Wikipedia It aims to nurture a vibrant edtech startup ecosystem that serves the education sector in Singapore and Southeast Asia. Lightspeed India invests in early-stage startups in India and Southeast Asia, including technology or technology-enabled businesses targeting consumers, small businesses and enterprises. The region's internet economy is forecast to triple to $300 billion by 2025 from end-2020, according to a report from Google, Temasek, and Bain & Company. An estimated 63 out of 100 students in Low-to-Middle-Income countries are experiencing 'Learning Poverty' after the COVID-19 pandemic exacerbated learning in. - PR12845433 The Indian edtech unicorn Unacademy, and its medical test-prep arm PrepLadder (an acquisition), are being sued by a Sri Lankan company for . [1] And even though FDI into Southeast Asia itself contracted sharply by 25%, the region's share of global FDI grew from 11.9% in 2019 to 13.7% in 2020. As the digital economy expands, so does investment in tech-enabled businesses. According to data compiled by GPCA, technology deals accounted for 83% of Southeast Asia private capital deal value . Yet access to quality education is often limited and unevenly spread across the region, with literacy rates as low as 58 per cent in Laos, 74 per cent in Cambodia and 76 per cent in Myanmar, according to United Nations research. Edtech Spotlight: Ruangguru. Its leading superapp just got bigger. The . They helped several EdTech events in Middle East, Africa, Asia, and this is the first time helping Taiwan to have the Taiwan 50 EdTech and giving the award acknowledgement. Starting Early. Edtech in Southeast Asia is on the rise—the Asia-Pacific region currently represents 46% of the market and is expected to grow to 54% in the coming years. Indonesia, Singapore, and Vietnam have been getting most of the checks in the region since 2019, with . Players, stakeholders, and other participants in the global EdTech market will be able to gain the upper hand as they use the report as a powerful resource. Starting Early. About this event. Across Asia, the EdTech companies are striving to educate communities through their online learning platforms and apps. Indonesia and Singapore are the most valuable nations with tech ecosystems worth $60B and $35B respectively, and each home to 6 unicorns valued at over $1B. Southeast Asia's most promising #edtech startups this year's list is just launched. These companies are ensuring that education is never halted and students get the knowledge and help they deserve. However, to achieve this at the scale that will make a tangible difference, edtech investments in Southeast Asia need to be accelerated. Southeast Asia is now home to a budding ecosystem of edtech startups, and has the digital tools that are helping to pave new roads in education and providing quality content and lessons to places that were once inaccessible. Globally, the edtech market is projected to grow at 17 percent annually and is expected to be worth US$252 billion by 2020. The epidemic of epilepsy has severely disrupted our daily lives. Singapore, with its education and academically focused culture, is a fertile breeding ground for new edtech startups hoping to gain worldwide success. Edtech software as a service (Saas) platform  Teachmint  has entered 25 Southeast and West Asian countries, Mihir Gupta, Co-founder and CEO of the firm, told YourStory in an interaction. In fact, global EdTech investments reached a whopping $18.66 billion in 2019 which far outpaced the high of $16.34 billion in 2018, showing the rising adoption of EdTech around the globe. Vietnam edtech market soars to $3bn on remote learning boom. Southeast Asia EdTech has seen nearly US$480 million of venture capital in over 200 individual investments over the last five years and it's just getting started. Southeast Asia EdTech Market Size YoY Growth (2016-2027) & (US$ Million) Figure 44. This brought a realistic . As EdTech in Southeast Asia turned the need of the hour inside the current given state of affairs, there are many completely different parts that contribute to its extra progress. 2021 Southeast Asia EdTech 50. Edtech Startup Creative Galileo Raises $2.5 Mn In A Round Led By Kalaari Capital The funds will be used to expand across Southeast Asia and integrate local languages within the platform This vast area is situated east of the Indian subcontinent and south of China. Taamkaru is one of the companies in their educational portfolio. Due to the global COVID-19 health crisis, many schools and education centers are unable to operate as usual. 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