London is the most important city in Europe to set up and base an education technology company, says Edtech UK and London & Partners in a new guide to the capital’s edtech sector. Leah Kuntz reports.
The UK has pushed itself to the forefront of Europe’s education and learning technology economy, but needs to grasp the growth and technology opportunities at hand, a new guide from Edtech UK and London & Partners says.
Edtech: London Capital for Learning Technology says the education technology industry is one of the UK’s most cutting-edge and fastest growing sectors. “It is capable of supporting world-class education and learning opportunities across a multitude of arenas that are scalable internationally – from tutoring to apps, from digital making kits to MOOCs and from devices in schools to distance learning for adults.”
It highlights emerging success stories from the London edtech sector, including: Satchel, Firefly, Blippar, Teachboost, Blackbullion, EdPeer, Eschools, Nightzookeeper, Memrise, Education Appstore, TutorFair, Dreamlearners, TeachPitch, MediaCore, Third Space Learning, Quipper and Dendrite.
Some 200 edtech startups and SMEs are already based in London, with 1,000 UK wide, says the guide, adding that over £900m a year is spent on education technology, with edtech firms accounting for 4% of all UK digital companies.
The guide says London is a large and profitable market, a magnet for talent and collaboration and the best place in the UK for business. It says there is “significant opportunity in the sector”, with global education technology sector spending at $67.8bn in 2015, and a global e-learning market worth $165bn.
The work of two London-based edtech businesses – social learning platform FutureLearn and homework platform Satchel (formerly Show My Homework) – is highlighted, alongside a snapshot map of more than 100 edtech companies already established in the city (pictured).
Edtech UK was set up by the Education Foundation in 2015 to support the expansion of the UK’s education technology sector, which is set to reach $250bn by 2020. Its Edtech Vision 2020 puts the UK at the forefront of digital innovation for education.
The report was published at a London Tech Week 2017 event organised by Edtech UK and Jisc.
Edtech: London Capital for Learning Technology is published by Edtech UK with London & Partners and the Mayor of London. Download the report.