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Change the WorldOne Trillion Dollar Market at a Time
Volker Hirsch @vhirsch
4YFN Barcelona, 23 Feb 2016
http://d1zlh37f1ep3tj.cloudfront.net/wp/wblob/54592E651337D2/417/256E5/G8JTIzMmdc-oHZwUdP6Brw/photodune-2102679-planet-earth-l.jpg
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Who + Why…
$
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Angel Investor…
http://www.imagesbuddy.com/images/246/White-Angel-Wings-Picture.jpg
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… With Small Wings
http://image.dhgate.com/0x0/f2/albu/g3/M01/11/73/rBVaHVXNAF2ANVOMAALiyD-0izA632.jpg
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Leverage
https://www.flickr.com/photos/36333438@N00/846559015/
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http://www.transerainc.com/uploads/blog/Dollarphotoclub_33442455.jpg
Impact
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http
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Government Budgets
EducationMilitary Health
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Military =
War (?)
http://www.bl.uk/learning/timeline/external/worldwar1somme-tl.jpg
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Health =
Megabucks
http://d.ibtimes.co.uk/en/full/1436676/bubonic-plague.jpg
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Education =
Future
http://themileage.org/wp-content/uploads/2014/07/Emerging-trends-in-Education.jpg
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5% of GDP spent on Education
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Better Education = Higher GDP
http://ent.arp.harvard.edu/AfricaHigherEducation/The full Harvard study is here: http://siteresources.worldbank.org/INTAFRREGTOPEDUCATION/Resources/444659-1212165766431/ED_Higher_education_economic_development_Africa.pdf
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http://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/
Global GDP = $76 Trillion
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$$$http://www.redstonelogistics.com/wp-content/uploads/2012/01/Improving-resluts.jpg
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Reasons t o i n v e s t in education
https://jrbenjamin.files.wordpress.com/2014/03/thomas-jefferson.jpg
Thomas Jefferson
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Massive growth
https://marketbrief.edweek.org/wp-content/uploads/2013/02/IBIS3.pdf
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Example: Africa
https://upload.wikimedia.org/wikipedia/commons/3/31/1-12_Africa_Green-Grey.png
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Africa
Africa GDP: $2.45 trillion (2015)
Education can lift GDP by 20%(*) result: $500 billion incremental GDP!
… And that’s per year!
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(*) A Harvard study concluded a rise in tertiary education in Africa would result in 21.3% incremental economic output. (http://siteresources.worldbank.org/INTAFRREGTOPEDUCATION/Resources/444659-1212165766431/ED_Higher_education_economic_development_Africa.pdf, p. 29)
https://upload.wikimedia.org/wikipedia/commons/3/31/1-12_Africa_Green-Grey.png
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It’s a proven market
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The Largest Publishers Are in Education
http://www.publishersweekly.com/pw/by-topic/international/international-book-news/article/67224-the-world-s-57-largest-book-publishers-2015.html
http
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https://steveblank.files.wordpress.com/2011/02/higher-ed-tech-landscape.jpg%3Fw%3D714%26h%3D614
Highe
r Ed
2014
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EdTech has its own Hype Cycle
Innovation Trigger
Peak ofInflated
ExpectationsTrough of
Disillusionment Slope of Enlightenment Plateau of Productivity
time
expectations
Mashware
Quantum Computing
Education TabletOpen Microcredentials
Campus App StoreAffective Computing
SIS International DataInteroperability Standards
BPOOpen-Source SIS
Student Retention CRMCitizen Developers
Learning Stack
Adaptive E-TextbooksBig DataGamification
MOOC Social Software StandardsWireless aaSCOBITAdaptive LearningDigital Preservation of Research DataBYOD Strategy
Mobile-Learning Low-Range/Midrange HandsetsOpen-Source Financials
EA FrameworksWeb-Based
Office ProductivitySuites
ITILSocial Learning Platform for Education
Cloud HPC/CaaSMobile-Learning
SmartphonesOpen-Source Middleware
SuitesE-Textbook
Cloud Email for Staff and Faculty Virtual Environments/Virtual WorldsEmergency/Mass Notification ServicesHosted Virtual DesktopsOpen-Source Learning Repositories
SaaS Administration ApplicationsEnterprise ArchitectureIT Infrastructure Utility
Intellectual Property Rights and Royalties Management Software
Lecture Capture and Retrieval Tools802.11nUnified Communications and
Collaboration
Tablets
Game Consoles asMedia Hubs
E-Book ReadersSelf-Publishing
Mashups
Off the Hype Cycle: e-portfolio, User-centric IAM, Organization-centric IAM, SOA, Student Enrollment CRM, Open-Source Portals, Social Media in Education
From, "Hype Cycle for Education, 2013," 25 July 2013 (G00251104)
Years to mainstream adoption:
More than 10 yearsObsolete before plateau
Less than 2 years
5 to 10 years2 to 5 years
As of July 2013
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The Big Boys are Here…
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There are Unicorns!
Qtone (>$4bn)
Growing a horn:
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What bubble? What Series A Crunch?
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You can win a Nobel Peace Prize Before getting a Drivers Licence
Malala Yousafzai
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How to unlock value in education?
http://d65852kwq1u8u.cloudfront.net/uploads/10209_280_grams_small.jpg
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The Value of Education
Education is not the learning of facts, but the training of minds to think
Albert Einstein (abbreviated)
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“It is not so very important for a person to learn facts. For that he does not really need a college. He can learn them from books.
The value of an education in a liberal arts college is not the learning of many facts, but the training of the mind to think something that cannot be learned from textbooks.”
Quote taken from: Philipp Frank "Einstein: His Life and Times" Albert Einstein
The Value of Education
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“It is not so very important for a person to learn facts. For that he does not really need a college. He can learn them from books.
The value of an education in a liberal arts college is not the learning of many facts, but the training of the mind to think something that cannot be learned from textbooks.”
Quote taken from: Philipp Frank "Einstein: His Life and Times" Albert Einstein
The Value of Education
Access & Discovery
Distance learningMobile, Online, video, ...
Creativity
Critical Thinking
Learning outcomes
MethodologyAdaptive
Learning
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Access? Mobile? Well, doh!
http://media.automaton.am/uploads/english/phonekid.jpg
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Access
Teaches languages to people around the world.
Aggregates vocational training resources, matches them with skill requirements and adds a certification layer.
http://plasticlumberyard.com/pergolaman/images/fencing10_070804.jpg
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Discovery
Knowledge graph around learning content, sourcing contextually relevant content.
Personalised learning platform that adapts to learner’s progress.
http://videos.testtube.com/revision3/images/shows/discoveryspace/0033/discoveryspace--0033--trips-through-space--large.thumb.jpg
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Creativity
3D-printable laptops that will teach you to design, apply and discover.
Find courses to enhance your life.
http://podprint.com.au/wp1/wp-content/uploads/2014/11/Iain_Crawford_2.jpg
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Thinking
Platform making the ideas of the world’s greatest thinkers accessible and comprehensible and developing high-order thinking skills.Schools and education systems that complement curricula with focus on multi-cultural outlook and inclusion of women.
https://pbs.twimg.com/profile_images/583929055264710656/Q2BOGL-V.jpg
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Why isn’t everyone doing it?
https://newingness.files.wordpress.com/2014/03/different.jpg
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Fear...
http://cdn2.epictimes.com/wp-content/uploads/2015/10/FEAR.jpg
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Heavily regulated sector
https://www.flickr.com/photos/ericejohnson/4408073661
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Slow pace of education systems
http://www.biosciencetechnology.com/sites/biosciencetechnology.com/files/bt1510_snail.jpg
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Complex systems
http
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Impenetrable
http://i1.ytimg.com/vi/IDWmrLz17j0/maxresdefault.jpg
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https://i.ytimg.com/vi/0mZbHCU59-0/maxresdefault.jpg
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http://www.ispyprice.com/blog/wp-content/uploads/2015/04/ninja.png
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Strategy: Wrap around
Private Tutoring
Curriculum Enhancement
Lesson Preparation
Revision
Lifelong Learning
Skills Training
Languages
Computer Science
Adaptive Learning
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They know they must improve
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Let’s not forget: teachers are heroes!
http://cdn5.thr.com/sites/default/files/2014/08/Dead_Poets_Society.jpg
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Tough environment
http://www.mycpa.com/wp-content/uploads/2013/01/Road1.jpg
Schools: Budget cuts, resource deprived
Teachers: frontline job, low pay, increased responsibilities
Parents: more double-earners & single-parent families, time-constrained
Systems: regulated, move slower than private sector
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^KEEP CALM
andHUG MEHARD
Education systems to you:
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Device availability & bandwidth
Big data (real-time feedback loops)
Analytics
AI & Machine Learning
Neuroscience & pedagogy (adaptive learning)
Beat the system with technology
https://citelighter-cards.s3.amazonaws.com/p17d98f5st15qd1tsv1m9c1sbu11uo0_64674.jpg
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the market is there the Tech is ready the time is now!
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True Entrepreneurs…
Get. Shit. Done!
And make a difference …http://eskipaper.com/images/silver-surfer-wallpaper-7.jpg
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Thank you!
+44 7843 599 678
http://www.traineeup.com/wp-content/uploads/2015/02/bunkerstuff3.jpg