EdTech Innovation - A Must-Have in Baltimore and Around the World
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Slides from Keynote at 2016 Education Technology Innovation Summit #ETIS16, hosted by Mindgrub Technologies, Baltimore
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EdTech Innovation - A Must-Have in Baltimore and Around the World
- 1. David Muse Photography IIIII IIV @FrankBonsal #BmoreEdTech + #ETIS16@TUincubator EdTech Innovation A ‘Must-Have’ – in Baltimore – and Around the World
- 2. Source: The Industries that are Being Disrupted the Most by Digital, by Rhys Grossman , Harvard Business Review #BmoreEdTech + #ETIS16
- 3. The EdTech Industry: Since ‘2010’ 2 M.S., Education Entrepreneurship SWEDU $2.3B The Education Industry, 2002-2012: The Era of Resilience + The Emerging Education Industry: The First Decade Edtech is the next fintech, TechCrunch #BmoreEdTech + #ETIS16
- 4. In EdTech, Build a Mission-Driven Dragon 3 Unicorns vs Dragons, by John Backus (NAV.vc), via TechCrunch N.B. Dragons return the fund, are fund makers. Unicorns are startups that exceed $1B valuation. #BmoreEdTech + #ETIS16
- 5. Experience with Thousands of Education Companies Past Current #BmoreEdTech + #ETIS16
- 6. 5 BOSTON NEW YORK CITY PHILADELPHIA BALTIMORE (The DMV) a Design & Accelerate Incubate • Build (+ Test) • Grow (+ Test) • Sustain #BmoreEdTech + #ETIS16
- 7. Design, Accelerate, Incubate EdTech… Incubate Accelerate Design 6 #BmoreEdTech + #ETIS16
- 8. When you think of Baltimore Startups… 7 Think of problem-solving in massive industries that leverage regional & institutional core competencies. #BmoreEdTech + #ETIS16
- 10. 9 •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 #BmoreEdTech + #ETIS16
- 11. We are praised by the Media 10 StraighterLine finds support from USDOE • Technically Baltimore, August 2016 Village Capital is bringing its education startups to Baltimore next month • Technically Baltimore, June 2016 EdTech Startups Win Big in [UPenn] Business Plan Competition Funding • Education Week, May 2016 Here’s who won the TU Incubator Business Plan Competition • Technically Baltimore, May 2016 Dreamit Announces 2016 Cohort of Startups • PR Newswire via Dreamit, March 2016 Admit.me, ELSA, Words Liive Finalists in SxSWEdu Launch • EdSurge, March 2016 How an Incubator is helping Towson University Embrace Entrepreneurship • Technically Baltimore, February 2016 Baltimore’s Allovue raises $5.1 million • Baltimore Business Journal, December 2015 Fast-growing edtech startup Citelighter moves to its own space in Federal Hill • Baltimore Business Journal, October 2015 Baltimore fostering ‘thriving, emerging’ industry of education technology firms • Baltimore Sun, August 2015 #BmoreEdTech + #ETIS16
- 13. We are Entrepreneur-Focused 12 #BmoreEdTech + #ETIS16
- 14. 13 We are Mapping, Supporting, & Maturing the Ecosystem #BmoreEdTech + #ETIS16
- 15. 14Source: Based on the Babson Entrepreneurship Ecosystem Project Infrastructure Non-Gov. Institutions Support Professions Educational Institutions Societal Norms Success Stories Financial Capital Early Customers Networks Labor Leadership Government Policy Finance Culture Supports Talent Markets #BmoreEdTech + #ETIS16 Working Not So Much
- 16. 15 Baltimore’s EdTech Future Design + Acceleration Programs Increased Capital + Policy Incentives Proof of Concept Center Northeast Corridor Collaboration Grow companies, find liquidity, and repeat #BmoreEdTech + #ETIS16
Editor's Notes
- 14 edtech accelerators 50+ annual edtech events 500+ companies founded $2.3B invested U.S. K-12 edtech 2010-2015 $5T annual global spending $250B in edtech by 2020
- 14 edtech accelerators 50+ annual edtech events 500+ companies founded $2.3B invested U.S. K-12 edtech 2010-2015 $5T annual global spending $250B in edtech by 2020
- 1775-1849: St. Mary’s Seminary (1781), Friends School (1784), Alex Brown & Sons (1800), University of Maryland, Baltimore (1807), Baltimore City Public Schools (1822), MICA (1826), City College (1839), Western High School (all-girls public, 1844), Boy’s Latin School (1844), St. Paul’s School for Boys (1849) 1850-1874: Loyola University Maryland + Loyola Blakefield (1852), Peabody Institute (music school, 1857), Oldfields School (all-girls boarding, 1867), McDonogh School (all-boys boarding, 1873), Notre Dame Prep (all girls catholic, 1873), Johns Hopkins University (Country’s first research university, 1876), Bowie State University (public, 1865), Towson University (public, normal school, 1866) 1875-1949: Frederick Douglass High School (African American high school, 1883), Goucher College (all-women’s private, 1885), Bryn Mawr School (all-girls private, 1885), Calvert School (private, coed, K-6 day school, 1897), Gilman School (private, US’s first country day school, 1897), Coppin State University (Public HBCU, 1900), Calvert Education (US’s first home and alternative schooling provider, 1906), JHU School of Education (origins to 1909, separate school 2007), University of Baltimore (1925) 1950-1999: Abell Foundation (1953), UMBC (STEM & Honors public research university, 1966), NEA (New Enterprise Associates, Baltimore’s first venture capital firm, 1978), Baltimore School for the Arts (public arts high school, 1979), Sterling Partners (Baltimore private equity firm, 1983), ABS Capital (1990), Sylvan Learning (1991) and Prometric (1995), JMI Equity (1992), Teach for America Baltimore (1993), Camden Partners (1995), Ingenuity Project (1995), Laureate Education (1999). 2000-: Spectrum K12 School Solutions (2001), Connections Education (2001), KIPP Baltimore (2002), Moodlerooms (2005), StraighterLine (2008), Curiosityville (2009), Urban Teachers (2009), Green Street Academy (2010)
- Row 1: Digital Harbor Foundation (2011), Allovue (2013), Citelighter (2011), Tales2Go (2012), Curiosityville (acquired 2012) Row 2: SWEDU Baltimore (2012), Baltimore Tech for Schools Summit (2014 & 2015), Alchemy Learning (2013), Yet Analytics (2012), Bridge EdU (2013), Code in the Schools (2012), ClassTracks (2015) Row 3: Unbound Concepts (2012), Lessoncast (2011), Class Compete (2013), Communication APPtitude (2015), Common Curriculum (2011), Admit.me (2014), Immersive 3d (2013).