Top 10 Best Edtech Accelerators & Incubators around the Tech Globe 2020
The education sector has gone through a lot of ups and downs over the last century. Online learning was a thing for millions of people around the world. Even education was accessible only by society’s rich people. But, with the emerging technology, this trend has been changed and education/learning is accessible by everyone. We have seen several companies working for the education sector.
With the passage of time and with the trending industry of technology, people changed their views of education and took it to the next level. Indeed, technology plays a vital role in getting a good education, information, knowledge, and opportunities to do our level best in the sector of education. In fact, we won’t be able to communicate with you and share this information with you without having a technology medium.
Thus, considering Edtech startup incubators/accelerators, there are few that are working in this sector. There is no doubt that people are having extraordinary talent in technology, but when it comes to facilitating these people, we lack resources.
Some popular edtech accelerators and incubators are trying to connect with edtech startups to boost their ideas and make these startups successful. These accelerators/incubators will assist you in gaining access to funding, top peer investors, and venture capitalists. They will connect you to other edtech startups. Also, it will provide mentorship in building sustainable products and access to a Demo Day where you can present your startup ideas to different top-notch investors to gain more funding.
We have listed down the top Edtech accelerators and incubators below in detail. If you are seeking mentorship, early-stage investment, etc. you can choose one of the accelerators/incubators according to your requirement.
List of Top EdTech Accelerators
- Boomstartup Accelerator
- Y Combinator
- Iowa Startup Accelerator
- The Michelson Runway Edtech Accelerator
- LearnLaunch Accelerator
- The Intel Education Accelerator
- NYU Steinhardt Edtech Accelerator
- Emerge Education
- Telluride Venture Accelerator
Let’s discuss these EdTech accelerators and incubators one by one in detail.
1. Boomstartup Accelerator
BoomStartup is located in Salt Lake City, Utah, UK, founded in 2010. It is a mentorship – focused, technology-driven early-stage investment program. Its aim is to provide funding, mentorship, and market access to its startups.
Startup’s ideas building and execution of these ideas is its main goal. It provides up to $100,000 seed funding and $1 million in different services i.e. hosting etc. It takes only 6% to 7% equity from these edtech startups. The resent Edtech startups invested by BoomStartup are Whiz Tutor, Vector Launch, trace.com, etc.
2. Y Combinator
Y Combinator is located in Silicon Valley. It plays a vital role in building education-based startups. YC provides early-stage venture capital funding, mentorship, connection to industry experts, and market to test Edtech products.
It is a three-month-long program. YC is providing up to $120,000 seed funding to these Edtech startups with a total of 7% equity in return. It also provides access to those networks that are working specifically for startups building products for teachers, students, and educators.
Portfolio names of YC based on Edtech are ClassDojo, Clever, MakeSchool, Padlet, Panorama Education, Platzi and Remind.
3. Iowa Startup Accelerator
ISA is an early-stage venture capital program based in Cedar Springs, Iowa. It’s a 14 – week-long program with a full-time commitment. It is providing different facilities to Edtech startups to achieve their individual goals in the education sector. Iowa Startup Accelerator is providing seed capital funding, mentorship, coaching, education, technical services, and $1 million worth of software and other perks.
ISA is investing seed capital of $25,000 in pre-revenue companies/startups and an additional $75,000 if the desired milestones are achieved.
4. The Michelson Runway Edtech Accelerator
This program is a combined partnership by Michelson 20MM and Runway Incubator. The main focus of this program is to support innovation in career training and higher education. It is a four-month-long program, providing workspace, virtual workshops, mentorship, expert’s advice on best industry practices, legal advice, and product feedback and guidance.
Total investment in early stage is $25,000 with additional follow-up funding of $150,000 on equity bases.
5. LearnLaunch Accelerator
It is located in Boston, United States. It is offering two programs in a year. It is also known as a leading Edtech startups accelerator programs.
The two programs are Boost and Breakthrough. Boost is designed for early-stage edtech startups while Breakthrough is designed to facilitate later-stage edtech startups.
It is providing support to access lifelong advisory services, founder community, and follow on investment expertise and connections. The LearnLaunch ecosystem includes LearnLaunch Institute and campus (co-working space).
It has almost 175 mentors in-network with 71 portfolio companies. A total of $120,000 seed funding provided by this accelerator.
6. The Intel Education Accelerator
It is located in San Francisco Bay Area, Silicon Valley. IEA is interested in those startups that are passionate about advancing educational excellence. Intel Education Accelerator provides mentorship, seed funding, help to gain market insight, office space, and connection to a global network of investors and industry experts.
It invests up to $100,000 capital funding in early stage edtech startups.
7. NYU Steinhardt Edtech Accelerator
It is an education-focused venture firm located in New York. Its aim is to provide support to early-stage Edtech startups. It is a three-month-long program facilitating Edtech startups to solve global education-related problems by developing products for teachers and students.
It is investing a total of $170,000 in each startup. Mostly, NYU Steinhardt Edtech Accelerator accepts applications of those Edtech startups that are already having a post-beta version product and is purely based on educational problem-solving.
8. Emerge Education
It is located in London and providing a three months long program for early-stage Edtech startups. The aim of this accelerator is to elevate education standards globally. Total investments made by this firm are 24 and the total investment amount is between £40,000 and £100,000. The most recent investment made by Emerge Education is Tailor-ED that raised $1.6 million. Its motive is “investing in future learning and work”.
Scholas Labs located in Rome, providing a four-month-long Edtech accelerator program. It is providing its full support in mentorship, fundraising, product tests in scholas networks, and seed funding. This program is supported by Silicon Valley top icons i.e. Microsoft, IBM, and Google, etc.
10. Telluride Venture Accelerator
It is a Bootcamp driven accelerator based in Colorado. Its programs are focused on fueling up the Edtech startups by providing support in terms of mentorship, capital fund, and connection with worldwide investors. The program is seventeen weeks long with more than 100 mentors who facilitate edtech startups to figure out the next steps to achieve the desired goals.
Total capital fund is $30,000 with a 5% of equity.