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
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
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
Hinweis der Redaktion
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).