Eleven companies that have successfully completed the EDUCATE programme will be pitching for investment, funding and business partnerships in a Dragon’s Den-style event, being held at City Hall, in London, today (Monday, November 26).
The Investor Summit and Demo Day, organised by EDUCATE and believed to be the first event of its kind held in Europe, is being hosted by Rajesh Agrawal, Deputy London Mayor for Business.
It will showcase some of the capital’s pioneering educational technology (EdTech) entrepreneurs and innovators. Companies will demonstrate their products and services, and pitch for funding or corporate partnerships from investors who have a combined fund value of £850 million.
The Investor Summit and Demo Day is designed to connect EdTech companies with venture capitalists, angel investors and corporations that want to buy, partner or invest in EdTech. Each of the participants had to apply to take part in the event.
The demos will be rapid-fire 5-minute presentations with 3 minutes of Q&A for entrepreneurs to pitch to investors. The following companies have been chosen to pitch, and are developing EdTech in areas as diverse as coding, language learning, maths and enterprise skills:
Koby Yogaretnam, EDUCATE Business Lead, said: “The response from the EdTech sector and interested parties to this event has been phenomenal. Everything points to this being a trail-blazing occasion, which will set the tone for the development of EdTech in the UK into the future.
“The interest expressed in the Demo Day also reflects the burgeoning EdTech industry as an attractive investment landscape, with powerful corporate partnerships, mergers and acquisitions of innovative businesses taking place globally.
“EDUCATE will use this opportunity to showcase the very best of our programme and, in turn, we want the audience and investment world to understand why innovation in education is now happening; how to embrace it and how the EDUCATE programme with its world class research acumen is integral to defining effective learning outcomes.”
Participants and guests will hear keynote speeches from Professor Rose Luckin, the EDUCATE director, Rajesh Agrawal, Deputy Mayor for Business and Kevin Bone, a partner with LGT Impact Ventures.
Mr Agrawal said: “London is Europe’s technology capital, and home to some of the world’s most innovative entrepreneurs. The capital’s future depends on the educational opportunities afforded to our young people and embracing the opportunities presented by new technology is a key part of this.
“I’m delighted that City Hall is able to host EDUCATE’s Investor Summit and Demo Day and look forward to learning about the latest ideas in EdTech.”