EduSpaze, leading edtech accelerator, announces fifth cohort of startups looking to drive innovation and progress to evolving learning environments
- Nine early-stage companies join the latest cohort receiving unique support to continue propelling a better learning environment for all
- The cohort includes leading education players in early childhood education, assessments and even game simulations
Singapore, 10 August 2022; EduSpaze, the leading Singapore-based education technology accelerator, welcomes the addition of nine new early-stage companies joining its accelerator programme (See Appendix A). This is the fifth cohort to join the successful edtech accelerator programme, as they continue to spearhead edtech innovation in the region.
As part of the three-month virtual programme, cohort participants will receive up to a S$1 million investment as well as mentor support, a unique accelerator programme and an environment to implement pilot projects within the region. The goal is to help the cohort participants accelerate their progress in developing and honing their market fit, product development, scalability as well as revenue generation and attraction of further investments.
Alex Ng, Managing Director of EduSpaze shared, “Over the last few years, we have continued to see great strides in education and especially edtech. The adoption of digital solutions is continually on the rise, and we continue to see impressive innovation from startups across the region. The investment in edtech development from established and traditional education institutes is also on the rise, highlighting the growing acceptance that edtech is solving a real-world problem in education.”
EduSpaze is managed by seed capital firm and startup incubator Spaze Ventures and supported by Enterprise Singapore. Being selected, these startups are joining the legacy of previous cohort participants such as Skilio, LingoTalk, ACKTEC Technologies and AkadAsia, who have successfully raised funds from EduSpaze and other partners.
Driving engagement and interaction to encourage meaningful learning
Education has rapidly evolved in today’s digital era. The use of educational technologies (EdTech) in the classroom has become ubiquitous with the digital transformation of the classroom, especially in the wake of virtual and remote learning. While in-person classes have resumed in many schools, educators are still faced with the challenge of effectively engaging students and creating a suitable learning environment that facilitates meaningful learning.
“Traditional education has often followed a formulaic approach to learning, focusing on the content delivery of surface-level understanding, resulting in students who are merely passively engaged. However, through the use of innovative pedagogies and strategies, students can delve beyond to a deeper understanding and engagement to utilise the use of higher-order thinking capabilities and lay the foundation for an enjoyable learning journey, no matter the subject matter. To many students, learning may seem like a chore or something they have to do for a grade, and thus they dread school or are unable to fully connect with the lessons, feeling overwhelmed with all the assignments and assessments. However, giving students a reason to enjoy learning, something to look forward to in class not only makes it a more positive learning environment but empowers students to take ownership and accountability for their own learning,” said Ng.
“To cope and deal with the fast-changing world, students today have a multitude of challenges, responsibilities and expectations. One of the key tools they should have in their arsenal is their mindset. As educators, we’re in a prime position to help them develop a mindset that sets them on the path to success, equipping them with the tools and strategies necessary to navigate beyond the lessons in the classroom,” says Mark Stanley, CEO Scribo Holdings.
With the cohort consisting of various offerings to help educators provide more interactive and better engaging learning opportunities for their students, this particular group of startups are setting out to make a meaningful impact on the learning environments of students today.
“Assessments is a key strategy for educators to better evaluate student understanding of a particular subject matter and are a vital aspect of their pedagogies. The objective of an assessment is not to judge whether a student is smart or not; rather, it is to assess on how the overall student(s) learning can be improved. Given our use of technology to help create tailored assessment instruments, we related strongly to EduSpaze’s combination of tech and pedagogy to deliver an enhanced learning experience. We hope this partnership continues to hone the pedagogical effectiveness of our solution to provide a better assessment experience for both educators and students alike” said Dipo Satria, Chief BD Officer of EduPrime.
For the full list of companies, please refer to Appendix A.
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EduSpaze is Singapore’s first edtech accelerator supported by Enterprise Singapore, the enterprise development agency. It aims to nurture a vibrant edtech startup ecosystem that serves the education sector in Singapore and Southeast Asia. EduSpaze helps early-stage edtech startups go to market, accelerate their growth, and co-innovate with other stakeholders in the space. The new accelerator supports companies that address sector-specific challenges with innovative solutions to improve learning outcomes and the impact of education. EduSpaze is part of Spaze Ventures.
About Spaze Ventures
Spaze Ventures is a seed capital firm that provides seed funding and mentorship to the founders of early stage startups. It has operated a sector-agnostic startup incubator since 2014, and has a portfolio of more than 40+ startups. After five years of supporting the startup ecosystem and educating founders of early stage startups, it has established a strong network of partners including many educational institutions. Spaze Ventures launched EduSpaze as a dedicated edtech initiative in 2019.
About Enterprise Singapore
Enterprise Singapore is the government agency championing enterprise development. We work with committed companies to build capabilities, innovate and internationalise. We also support the growth of Singapore as a hub for global trading and startups, and build trust in Singapore’s products and services through quality and standards. Visit www.enterprisesg.gov.sg for more information.
For questions, more information, or further material, please contact:
Rhuby Elizabeth (SYNC PR) on behalf of EduSpaze
|1||Scribo Holdings||Singapore/ Australia||Scribo utilises the power of artificial intelligence to help better student engagement for their writing tasks and assignments by providing feedback as well as encouraging peer review while seamlessly integrating with existing writing systems such as Google Docs and Microsoft Word.||https://about.literatu.com/scribo/|
|2||InvestEd||Philippines||InvestED’s award-winning educational loan platform provides students with financial access to complete their studies, making higher education possible for deserving students through low-interest loans to finance various aspects of their financial journey. To date, InvestEd has raised over PHP 100 million in funding.||https://invested.ph/|
|3||Eduku||Indonesia||Eduku provides schools with a multi-platform learning management system with the necessary tools and features to help schools manage and facilitate learning and teaching activities to save educators time spent on administrative work.||https://eduku.io/|
|4||EduPrime||Indonesia||EduPrime is Indonesia’s leading assessment platform, helping to assist education stakeholders and educators in the preparation of meaningful assessment instruments and reports that can be used to determine characteristics so as to be able to develop programs that are right on target.||https://www.eduprime.co.id/|
|5||Dystech||Australia||Dystech leverages the power of artificial intelligence to identify, monitor and document the progress of struggling readers through the use of an online reading assessment platform, helping them to save time and easily share tangible progress with their students.||https://dystech.com.au/|
|6||Top-BOSS||Taiwan||Top-BOSS provides cloud, mobile and digital game-based contests for business and management training and have partnered with over 300 university clients across Taiwan, China and Hong Kong, empowering students to learn how to change the world through meaningful play via their Business Simulation Games. They also have thousands of business clients who use their products to train their employees and even run annual Business Game competitions in various countries.||https://www.top-boss.com/bizgame/about-us/|
|7||ChampsLMS||Singapore||ChampsLMS is a cutting-edge cloud based SaaS model learning management system for K-12 Schools, Tertiary Education and Corporate Training. ChampsLMS is a spin-off from MindChamps.||https://www.mindchamps.org/|
|8||Datality Lab||Singapore/ Hong Kong||Datality Lab is a Research & Data Science Consultancy, charting a legacy as ‘Artisans of Data Science’ as they help clients make sense of the data they have, get the additional data they need, tell compelling stories with said data and solve critical business problems using key insights.||https://datalitylab.com/|
|9||HeyHi||Singapore||HeyHi is a unique AI-enabled yet human-centric personalised learning system that integrates assessment, synchronous and asynchronous learning on a unified platform. We optimise educators’ work processes based on data, ML and AI technologies, enabling differentiated instructions to be easily conducted in a highly collaborative and engaging learning space with interactive whiteboard. Our dynamic learning environment magnifies learners’ opportunities and enhances their learning journey as we empower educators to teach onsite and online seamlessly, efficiently and effectively.||https://www.heyhi.sg/|