EdTech Startups Receive Transformative Experience in LearnLaunchX Program
Seven education technology companies sit in the hub of education, in the hub of education technology startups, working on their product that was refined and given new life thanks to the LearnLaunchX Accelerator program.
These seven companies were part of the first round of cohorts that LearnLaunchX accepted into an immersion program that, according to LearnLaunchX Operations Director Asad Butt, involves three to four months of edtech classes, lecture series with successful entrepreneurs, and meetings with mentors.
Not only do these companies get to talk with some of the most influential people in their industry to help renovate their product into something marketable, but they receive $18,000 in seed funding, free workspace, and many, otherwise costly services.
Butt explains what it takes to be considered for the intensive program, “One of the major things is – does this team have what it takes to be successful in edtech entrepreneurship? Is it the right fit for us? Are they really passionate about what they’re doing, and are they committed to its success?” These are all questions that edtech companies can ask themselves if they think they’re ready for a LearnLaunchX bootcamp.
“Education is under a huge transformation right now.” Butt said, “There are just a lot of new ideas and products that are coming to the marketplace and the founders decided they have the expertise and desire to help startups reach the next level.”
Ben Levy, co-founder of eduCanon, one of the companies that LearnLaunchX accepted into its program June of this year, described his experience in the program, “Probably the most valuable thing I got out of the program was the mentorship from not only the partners, but also the mentors that they gathered and attracted to work with the different companies. So, people that ranged from entrepreneurs themselves, to higher-ups in Pearson, to individuals that had a really good focus on design, or business development, or sales, or whatever it happened to be, that really allowed a young company like us to get the advice and mentorship to avoid some of the common pitfalls and keep us on track.”
Butt predicts that the applicant pool will be a lot larger this year. “We’re expecting a couple hundred, if not more.” The last pool of applicants were 20% international, 20% outside New England, and 60% New England-based.
“The program was very helpful. It provided visibility through the edtech ecosystem. We got lots of connections to key stakeholders in the local education technology space, and the most valuable was the mentoring,” said Dharmendra “Dee” Kanejiya, the founder and CTO of Cognii, another company that was part of the first round of cohorts.
The application deadline for this year’s LearnLaunchX Accelerator Program is November 22, 2013.
To learn more about how to apply visit www.LearnLaunchX.com/Application/
For questions, send email to: firstname.lastname@example.org
Michelle is a current graduate student at Emerson College and an intern at Boston's public radio station. She enjoys exploring the world of educational technology and writing about the ever-changing sector and its potential.