Who wouldn’t want a prize worth half a million pounds? That’s exactly what eight of the UK’s most promising and innovative edtech enterprises will be pitching for on 29 November at UCL EDUCATE’s flagship Demo Day, at City Hall, London.
UCL EDUCATE, the country’s leading research-based accelerator, is hosting its annual Demo Day for the edtech industry for a second time, following the highly acclaimed inaugural event in 2018.
Former programme participants — EvidenceB, Gweek, Kognity, Learnisa, Naturebytes, Pobble, ResusVR, and Tanquiliti — will each present a five-minute pitch about their products to a panel of financial investors, and an audience of educators, policymakers and potential customers who will vote for an overall Demo Day 2019 winner.
The eight companies are all cutting-edge enterprises, engaged in some of the most advanced technologies currently being developed in the edtech landscape — including artificial intelligence, augmented and virtual reality, speech intelligence and the internet of things — and represent the very best of the UCL EDUCATE’s evidence-based ethos.
Professor Rose Luckin, director of UCL EDUCATE, said: “Edtech is the fastest growing sector in the technology industry, with the global market expected to reach more than $250 billion by 2020.
“Investment is, of course, vital to the success of these enterprises. But let’s not forget that behind these figures lie huge educational benefits for learners and educators globally. Edtech gives us the possibility of meeting some of the existing challenges facing schools in the UK and beyond, such as teacher shortages and workload, as well as meeting the differing learning needs of students.”
Every company participating in the unique three-month accelerator programme is given access to world-class pedagogical research of what works in teaching and learning, to ensure that the educational tool or resource they develop is effective, robust and fit for purpose and, therefore, commercially viable.
The investment opportunities or business partnerships secured by successful pitching companies will be used to enhance, expand and perfect their products.
The event, which is being sponsored by Santander, Amazon Web Services and United Airlines, will also see 43 UCL EDUCATE companies presented with an EdWard, the accelerator’s own prestigious quality kitemark, which is awarded to those who have demonstrated awareness or application of research evidence to the design and development of their products.
Professor Luckin added: “Demo Day is a hugely important event, celebrating and showcasing some of the excellent edtech that has already been developed, as well as looking ahead to technological advances that may not yet exist in a tangible form but are in the pipeline. It is a very exciting time to be involved in this sector.”