Transcript: Australian Education Technology

 

Transcript

Transcript

Australian Education Technology

Marie Spies, Head of Digital Learning Futures, Navitas Ventures

Edtech traditionally is any technology that supports or enhances any part of the education system or learning. But over the past couple of years, really the term edtech has been used to represent those disruptive forces to education.

Navitas Ventures has recently launched its global edtech landscape representing 5,000 edtech companies around the world and 40 billion dollars’ worth of investment and it’s been fascinating to see the clusters of innovation and investment, across the whole sector.

We’re seeing still a lot of activity in alternative credentialing models, the move towards personalised learning through gamification, AR, VR etc. Over the last couple of years, there’s been a convergence of edtech and talent tech, lots of activity in the learning to work space and alternative models such as boot camps, MOOC 2.0, and learn now pay later models.

Australia generally punches above its weight in education and we’ve been trying to solve the problem of distance learning for 50 plus years.

Riley Batchelor, Chief Executive Officer, EduGrowth

We have a very strong and established education industry, so we have the talent, the expertise and the knowledge. We also have a very strong and fast growing start-up technology industry across the country. We’re strategically located right next to Asia and a number of large and strong markets that are right next door to us.

Ben Cochrane, Startup Program Manager, EduGrowth

I think that Australian edtech companies are particularly strong as a result of the cultural diversity that Australia has. We have many different spoken languages within any given classroom and the strength of the edtech product has to rise to that level

Dr Stephanie Fahey, Chief Executive Officer, Australian Trade and Investment Commission

Because of Australia’s geography we have a very strong history in distance education and that’s translated into online education. We currently have 1100 firms who are currently offering courses online. So it’s not surprising, given our expertise in ICT, that we’ve been able to develop very vibrant edtech companies.

The potential for edtech for Australia is enormous. Currently we have half a million international students in Australia. The Deloitte Access Economics Report projects that there’s going to be a billion students internationally by 2025. If the Australian education sector is going to connect with those students it’s imperative that we engage in edtech.

Riley Batchelor, Chief Executive Officer, EduGrowth

The key characteristics of the Australian edtech sector are that there’s about 350 companies across the country and the majority of those companies, about 65% to 70% of them, are focused on the K-12 market, with the remainder focused on the tertiary sector, early childhood and vocational sector as well.

Dr Stephanie Fahey, Chief Executive Officer, Australian Trade and Investment Commission

Austrade is fiercely ambitious on behalf of edtech companies in Australia. We’ve helped to pull the industry together through the formation of EduGrowth, which is an accelerator but also a peak body for those involved in edtech.

Ben Cochrane, Startup Program Manager, EduGrowth

EduGrowth is Australia’s peak edtech body. We are here to drive innovation for edtech companies within Australia. EduGrowth’s international network is a unique one. From day one in our full-time accelerator program we have pushed our start-ups to be internationally focused. We recently went to the ASU GSV Conference, which is the largest edtech conference in the US.

Dr Stephanie Fahey, Chief Executive Officer, Australian Trade and Investment Commission

Within Australian International Education 2025, we have the ambition of having more than a million students in Australia by that time but we also have, as part of that road map, that we want to be able to touch more than 100 million students around the globe. So, Australia is absolutely focused on delivering quality education but enhanced by edtech solutions.

[END RECORDING / END TRANSCRIPT]

More information