EdTech Exchange launches today, with sponsorship from McGraw-Hill Education, the learning science company. The Exchange is Europe’s largest community of EdTech founders and provides members with mentoring, support and a programme of events designed to share best practice through peer-to-peer learning. It is solely for founders of EdTech companies who have raised at least £100,000 in financing with many members having raised significantly more.
Members include the founders of companies such as Bridge U, Educational App Store, EtonX, Gojimo, and RefME. Members meet once a month under Chatham House rules to share experiences, challenges and solutions in an informal setting.
“Start-up founders all face similar challenges and it really can be lonely at the top. We founded the Exchange to help bring likeminded entrepreneurs together to support one another,” says George Burgess, one of the Exchange’s co-founders.
McGraw-Hill Education (MHE) is financially sponsoring the EdTech Exchange and will be lending its expertise to members through various events and initiatives for the remainder of 2016.
“McGraw-Hill Education's support will allow us to add more value for our members by broadening our events programme” said Justin Smith, who co-founded the Exchange with Burgess. “It will also enable us to open additional EdTech Exchange chapters across continental Europe.”
“We are excited to support this unique community and are looking forward to the opportunity to connect with entrepreneurs with a passion for improving education using new, creative solutions that serve global markets.” says Chris Marjara, Chief Marketing Officer and Senior Vice President International at MHE.
In April, 14 members of the EdTech Exchange travelled to the ASU GSV Summit in San Diego, California; stayed in the McGraw-Hill Education Start-up House, accommodation specifically for EdTech founders to encourage additional networking and the sharing of ideas. During the Summit, they also enjoyed a fireside chat with Edwin Scholte, CFO of McGraw-Hill Education International.
“The EdTech Exchange represents the best of one of the UK’s fastest growing and promising sectors,” says Marjara.
The EdTech market is estimated to grow from £45bn to £129bn by 2020.