15 edtech accelerators and incubators you should know

15 edtech accelerators and incubators you should know

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Most edtech startups are capable enough to launch their startup seamlessly. But due to the technical nature of the educational technology sector, having what spurs the startup into limelight and into financial independence is a necessity for the startup. In effect, edtech accelerators and incubators are the two firms possessing outstanding benefits to edtech startups.

Merriam Webster’s Dictionary defines incubator as a “piece of equipment in which very weak or sick babies are placed for special care and protection after their birth.” This exemplifies what edtech incubator and accelerator means. They are simply here to enhance the growth of edtech startups.

According to Mathew Lynch, an expert edtech writer, “Accelerators and incubators can connect you with the mentors, experts, and funding you need to make your edtech company into a reality.”

It should be noted that there are more than 7,000 business incubators in the world. However, only few focus on edtech business. In recent times, business incubators for edtech startups have been increasing in number. The change maybe borne out of the dedication to improve education. Moreover, edtech assures investors profits for their hard-earned money.

Edtech startups that are willing to find experts, mentors and funding for their business will find the list below helpful for their business.

  1. 4.0 School: In 2013, 4.0 highlighted some reasons why every city needs an organization like 4.0. “They understand blended learning and can support teams in organizational design and tech integration (few shops are good at both); As a nonprofit, they are focused on impact, they take a longer view than accelerators, and will work on big problems; they build an innovation ecosystem by connecting educators and entrepreneurs; and they are the one organization that a superintendent, charter executive, chamber executive, and foundation executive could all get behind.” 4. 0 Schools recently launched a $15million funds to invest in the future of learning. 4.0 Schools has invested in more than 1,000 of its alumni over the past 8 years. As an incubator for edtech startups, investments are made in the very early stages of an idea. Hassan Hassan is the CEO of 4.0 Schools. Over the past few years, the incubator has created two new edtech companies: Kinobi and Classroom Blueprint. Edtech startups at ideation stage will find 4.0 Schools exceptional to work with.
  2. Kellog Education Technology Incubator: Also known as KETI. This edtech incubator is based in the US. It aims at creating the premier technology experience amongst business schools. They fund tech startups created by students for students.
  3. Imagine K12: This is one of the biggest and notable edtech incubators in the world. It was founded by three big names in Silicon Valley- Geoff Ralston, Alan Louie and Tim Brady. Imagine K12 has helped dozens of startups specializing in educational technology. The company has been offering advice, marketing assistance and easy access to venture investors. The major aim of the incubator is to amp up education through innovation. It’s an incubator which undoubtedly plays a large role in developing edtech companies. Imagine K12 is located at Redwood City, California and was established in 2011.
  4. FocusTech: They are in the business of venture creation. They are entrepreneurs backing entrepreneurs with smart capital, guidance and strategic connections to build enduring firms. Simply, Focustech Ventures is a venture creation firm that invests in seed stage companies and provides entrepreneurs with resources and more. Focustech Ventures supports founders that seek to solve real world problems and improve crucial workflows in enterprise industries such as energy, finance, education, manufacturing, and healthcare. In essence, they are not largely concentrated on edtech. FocusTech is located in Singapore.
  5. xEdu: xEdu is Europe’s leading business accelerator for edtech startups. They are committed to creating transformative learning solutions with impact. They offer broad assistance including coaching and mentoring, real-life testing environments for research and development. They provide a global partner network of recognized leaders in the education business for startups. This incubator is based in Helsinki, Finland.
  6. MindCET: MindCET is a center for innovation and technological development in education. It was founded by the Center for Educational Technology – CET based out of Tel Aviv, Israel.
  7. Injini: This incubator specialises in offering incubator programmes across Africa and ensures that anyone with an idea and that who can raise education standards at scale wherever and whoever they are have an access to early stage investment and support. The company selects a group of startups from across Africa every six months to deliver every possible support-in terms of monetary and business guidance. This is to help them scale their services across the continent.
  8. LearnLaunch Accelerator: Choosing to go with LearnLaunch is an excellent way to fund your early-stage startup. They offer two edtech-focused programs that run for three months or four weeks in exchange for six percent equity in the company. They are based in Boston, LearnLaunch has a mentorship team of more than 150 individuals who offer discounted services and intensive coaching to new startups.
  9. BoomStartup Accelerator: This is a growing scene of edtech entrepreneurs at Salt Lake City’s BoomStartup Accelerator. They specialize in edtech companies and other software options. They offerup to $100,000 in seed funding and up to $1 million in services such as hosting. In exchange for their assistance, BoomStartup will receive six to nine percent equity in your new company.
  10. NYU Steinhardt Edtech Accelerator: Only one founding member of your edtech company needs to be present to gain entrance to the NYU Steinhardt Edtech Accelerator. This mentorship-based program gives up to $170,000 in funding for a post-beta product. All edtech solutions must promise to revolutionize education for the three-month program.
  11. Y Combinator: At Y Combinator, you can learn more about edtech and software development through their mentorship program. Your edtech company can get advice and access to a market to test your new product. They offer a three-month program and $120,000 in funding in exchange for a seven percent stake in the company. A fair deal.
  12. Intel Education Accelerator: You can gain up to $100,000 in funding while receiving help from leading experts and market insights. You will undoubtedly enjoy your time at the office space in the middle of the Valley so you can start making important industry connections.
  13. Michelson Runway Edtech Accelerator: You can attend one of the longest programs offered by an edtech accelerator company at Michelson Runway Edtech Accelerator. They provide four months’ worth of partnerships with mentors, space to work, legal advice, and even product feedback. Eligible edtech companies may receive up to $150,000 in equity funding using safe note.
  14. Telluride Venture Accelerator: At Telluride, edtech startups will have access to more than 100 mentors who can help them figure out the next steps with their $30,000 capital in exchange for five percent equity. Their Colorado-based program is a flexible option for edtech companies that have already gotten started in their home cities.
  15. Iowa Startup Accelerator: The Iowa Startup Accelerator provides mentoring, funding, and development experience to edtech startups. Your company must be pre-revenue or have less than $1 million in revenue. They provide up to $20,000 in initial seed money with an additional $50,000. Those are the incubators and accelerators devoted to the edtech sector. A new edtech initiative with a very good idea will find these accelerators and incubators appealing. They will fund your initiative, give you lesson, gain mentors, and advice.

A lot has to be taken into consideration while choosing accelerators or incubators for your startup. This stresses the importance of being apprised of the presence of these two firms.

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