Understanding the EdTech Market - TU Incubator Workshop

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Transcript of Understanding the EdTech Market - TU Incubator Workshop

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Understanding the EdTech MarketMission-Driven, Human- and Technology-Enabled, Critically Important

Early 1900s Classroom: http://goo.gl/FOtIv5

@FrankBonsal FBonsal@Towson.edu @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

In EdTech, Build a Mission-Driven Dragon

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@TUincubator + #BmoreEdTech

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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@TUincubator + #BmoreEdTech

NewSchools K-12 Market Map

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@TUincubator + #BmoreEdTech

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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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@TUincubator + #BmoreEdTech

When you think of Baltimore Startups…

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Think of problem-solving in massive industriesthat leverage regional & institutional core competencies.

@TUincubator + #BmoreEdTech

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1775-

1850-

1875-

1950-

2000-

@TUincubator + #BmoreEdTech

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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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@TUincubator + #BmoreEdTech

We are Entrepreneur-Focused

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@TUincubator + #BmoreEdTech

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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

@TUincubator + #BmoreEdTech

@TUincubator + #BmoreEdTech