NewSchools Venture Fund has announced the release of a graphical, interactive representation of the burgeoning K-12 education technology market to help investors, donors, and entrepreneurs better evaluate today's landscape of education technology ventures, says the NewSchools Venture Fund.
The market map was created in collaboration with the Laura and John Arnold Foundation of Houston, Texas and aims to capture a snapshot of the educational technology landscape by organizing ventures into core areas to give users an overview of the current market. The market map was said to have been created with the help of leading experts in the education technology field, including Michael Horn of Innosight Institute and Anthony Kim of Education Elements.
"The transformation that the rest of society has experienced as a result of technology has left schools largely untouched," said NewSchools CEO Ted Mitchell.
"Investors understand that technology will play an increasingly important role in improving student achievement, and they want to make smart investments in tools that will help the most children succeed."
Among the features of the education technology market map are:
An interactive graphical representation of the market that captures education technology ventures currently in the space
Color indicators organizing ventures into core areas such as assessment tools, data systems, online instruction, games, professional development, and performance systems
Profiles of each venture providing additional context and organization information
"Technology is the next frontier for education reform, and the possibility of customizing education for the way each child learns best is just one example of the transformational power of technology in schools," said Meredith Simonton of the Laura and John Arnold Foundation.
"Yet the rush of interest and activity in blended learning has led to a confusing landscape and a duplication of efforts and mirroring of organizations, so this mapping effort is an important step toward organizing and accelerating education innovation."
NewSchools Venture Fund is a not-for-profit organization with a working aim to close the achievement gap by funding and supporting entrepreneurs who are creating innovative solutions to the problems in public education. Since its founding in 1998, NewSchools has invested $180 million in more than 40 nonprofit and for-profit educational organizations working to promote student achievement.