Change the WorldOne Trillion Dollar Market at a Time

Volker Hirsch @vhirsch

4YFN Barcelona, 23 Feb 2016

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Who + Why…

$

Angel Investor…

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… With Small Wings

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Leverage

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Impact

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Government Budgets

EducationMilitary Health

Military =

War (?)

http://www.bl.uk/learning/timeline/external/worldwar1somme-tl.jpg

Health =

Megabucks

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Education =

Future

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5% of GDP spent on Education

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Better Education = Higher GDP

http://ent.arp.harvard.edu/AfricaHigherEducation/The full Harvard study is here: http://siteresources.worldbank.org/INTAFRREGTOPEDUCATION/Resources/444659-1212165766431/ED_Higher_education_economic_development_Africa.pdf

http://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/

Global GDP = $76 Trillion

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Reasons t o i n v e s t in education

https://jrbenjamin.files.wordpress.com/2014/03/thomas-jefferson.jpg

Thomas Jefferson

Massive growth

https://marketbrief.edweek.org/wp-content/uploads/2013/02/IBIS3.pdf

Example: Africa

https://upload.wikimedia.org/wikipedia/commons/3/31/1-12_Africa_Green-Grey.png

Africa

Africa GDP: $2.45 trillion (2015)

Education can lift GDP by 20%(*) result: $500 billion incremental GDP!

… And that’s per year!

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(*) A Harvard study concluded a rise in tertiary education in Africa would result in 21.3% incremental economic output. (http://siteresources.worldbank.org/INTAFRREGTOPEDUCATION/Resources/444659-1212165766431/ED_Higher_education_economic_development_Africa.pdf, p. 29)

https://upload.wikimedia.org/wikipedia/commons/3/31/1-12_Africa_Green-Grey.png

It’s a proven market

The Largest Publishers Are in Education

http://www.publishersweekly.com/pw/by-topic/international/international-book-news/article/67224-the-world-s-57-largest-book-publishers-2015.html

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https://steveblank.files.wordpress.com/2011/02/higher-ed-tech-landscape.jpg%3Fw%3D714%26h%3D614

Highe

r Ed

2014

EdTech has its own Hype Cycle

Innovation Trigger

Peak ofInflated

ExpectationsTrough of

Disillusionment Slope of Enlightenment Plateau of Productivity

time

expectations

Mashware

Quantum Computing

Education TabletOpen Microcredentials

Campus App StoreAffective Computing

SIS International DataInteroperability Standards

BPOOpen-Source SIS

Student Retention CRMCitizen Developers

Learning Stack

Adaptive E-TextbooksBig DataGamification

MOOC Social Software StandardsWireless aaSCOBITAdaptive LearningDigital Preservation of Research DataBYOD Strategy

Mobile-Learning Low-Range/Midrange HandsetsOpen-Source Financials

EA FrameworksWeb-Based

Office ProductivitySuites

ITILSocial Learning Platform for Education

Cloud HPC/CaaSMobile-Learning

SmartphonesOpen-Source Middleware

SuitesE-Textbook

Cloud Email for Staff and Faculty Virtual Environments/Virtual WorldsEmergency/Mass Notification ServicesHosted Virtual DesktopsOpen-Source Learning Repositories

SaaS Administration ApplicationsEnterprise ArchitectureIT Infrastructure Utility

Intellectual Property Rights and Royalties Management Software

Lecture Capture and Retrieval Tools802.11nUnified Communications and

Collaboration

Tablets

Game Consoles asMedia Hubs

E-Book ReadersSelf-Publishing

Mashups

Off the Hype Cycle: e-portfolio, User-centric IAM, Organization-centric IAM, SOA, Student Enrollment CRM, Open-Source Portals, Social Media in Education

From, "Hype Cycle for Education, 2013," 25 July 2013 (G00251104)

Years to mainstream adoption:

More than 10 yearsObsolete before plateau

Less than 2 years

5 to 10 years2 to 5 years

As of July 2013

The Big Boys are Here…

There are Unicorns!

Qtone (>$4bn)

Growing a horn:

What bubble? What Series A Crunch?

You can win a Nobel Peace Prize Before getting a Drivers Licence

Malala Yousafzai

How to unlock value in education?

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The Value of Education

Education is not the learning of facts, but the training of minds to think

Albert Einstein (abbreviated)

“It is not so very important for a person to learn facts. For that he does not really need a college. He can learn them from books. 

The value of an education in a liberal arts college is not the learning of many facts, but the training of the mind to think something that cannot be learned from textbooks.”

Quote taken from: Philipp Frank "Einstein: His Life and Times" Albert Einstein

The Value of Education

“It is not so very important for a person to learn facts. For that he does not really need a college. He can learn them from books. 

The value of an education in a liberal arts college is not the learning of many facts, but the training of the mind to think something that cannot be learned from textbooks.”

Quote taken from: Philipp Frank "Einstein: His Life and Times" Albert Einstein

The Value of Education

Access & Discovery

Distance learningMobile, Online, video, ...

Creativity

Critical Thinking

Learning outcomes

MethodologyAdaptive

Learning

Access? Mobile? Well, doh!

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Access

Teaches languages to people around the world.

Aggregates vocational training resources, matches them with skill requirements and adds a certification layer.

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Discovery

Knowledge graph around learning content, sourcing contextually relevant content.

Personalised learning platform that adapts to learner’s progress.

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Creativity

3D-printable laptops that will teach you to design, apply and discover.

Find courses to enhance your life.

http://podprint.com.au/wp1/wp-content/uploads/2014/11/Iain_Crawford_2.jpg

Thinking

Platform making the ideas of the world’s greatest thinkers accessible and comprehensible and developing high-order thinking skills.Schools and education systems that complement curricula with focus on multi-cultural outlook and inclusion of women.

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Why isn’t everyone doing it?

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Fear...

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Heavily regulated sector

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Slow pace of education systems

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Complex systems

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Impenetrable

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Strategy: Wrap around

Private Tutoring

Curriculum Enhancement

Lesson Preparation

Revision

Lifelong Learning

Skills Training

Languages

Computer Science

Adaptive Learning

They know they must improve

Let’s not forget: teachers are heroes!

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Tough environment

http://www.mycpa.com/wp-content/uploads/2013/01/Road1.jpg

Schools: Budget cuts, resource deprived

Teachers: frontline job, low pay, increased responsibilities

Parents: more double-earners & single-parent families, time-constrained

Systems: regulated, move slower than private sector

^KEEP CALM

andHUG MEHARD

Education systems to you:

Device availability & bandwidth

Big data (real-time feedback loops)

Analytics

AI & Machine Learning

Neuroscience & pedagogy (adaptive learning)

Beat the system with technology

https://citelighter-cards.s3.amazonaws.com/p17d98f5st15qd1tsv1m9c1sbu11uo0_64674.jpg

the market is there the Tech is ready the time is now!

True Entrepreneurs…

Get. Shit. Done!

And make a difference …http://eskipaper.com/images/silver-surfer-wallpaper-7.jpg

Thank you!

@vhirschme@vhirsch.com

+44 7843 599 678

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