EdTech startups: Opportunities for Growth
Even schools have been buying a membership for their students to learn additional skills on websites like Coursera. Recently, Coursera announced that it has raised $130 million in additional funding from its investors. Moreover, Udemy reportedly raised new finance at $3 billion valuations. This data proves that there is sheer potential for new EdTech startups. This is mainly due to the realization by people that they don’t have to pay 1000’s dollars to get valuable education when they can get the same quality of education at a much cheaper rate.
How to Avoid EdTech Startup Failure?
Tip 1: Gain Knowledge of the Education Ecosystem
Tip 2: Engage in Teacher’s Collaboration and Transparency
Tip 3: Develop an MVP
MVP is a partially functional product with a minimal set of features that has room for continuous improvement and development. This will lead to a collection of real-time feedback from teachers and students.
Startup and Business