The edtech market attracts more and more capital

The report prepared by the Startup Poland Foundation in cooperation with InCredibles states that the interest in innovation in education in Poland is not high, both on the part of schools and investors, but this will change in the coming years.

In 2020, venture capital funds invested over $10 billion. globally in start-ups from the edtech sector. This is twice as much as in 2019. The European market has also received a large injection of capital in recent years, reaching a record amount of $711 million in 2020. This is 13 times more than in 2013. Poland also achieved record results, incl. thanks to Brainly, who raised $81 million and is the world's largest social platform to help educate students.

Investor interest means the global value of the edtech industry will increase from $105 billion to $350 billion in just a decade (2015-2025), and the innovation delivered will continue to transform the educational landscape in countless ways.

"The challenge is huge, because how to think seriously today about a new education system in the world, which we are not able to define in five or ten years. This descriptiveness must be stimulated in thinking about a new education system, which cannot be limited to new ways of contact between the school and the student, i.e. the use of Teams or Zoom. It is about something completely different: creating new competencies that will allow students to exist in a competitive, global future," Jarosław Sroka, Sebastian Kulczyk's InCredibles program coordinator, said.

(Newseria)