Education

S'pore's First EdTech Accelerator Will Give Up To $500K Funding To Early-Stage Startups

Spaze Ventures today announced the launch of EduSpaze, which is said to be Singapore’s first edtech accelerator supported by Enterprise Singapore (ESG).

The accelerator will support early-stage edtech companies with up to S$500,000 funding, with additional customised resources being available to meet the needs of each company in the programme.

Said Alex Ng, Managing Partner at Spaze Ventures: “We want EduSpaze to provide mentorship, practical skills and resources to facilitate high-quality innovation in education.”

“With the support of Enterprise Singapore and a strong ecosystem, we are confident that we can help to solve gaps in the sector and keep up with evolving educational needs in Singapore and the region.”

Added Ted Tan, Deputy Chief Executive Officer at Enterprise Singapore: “With globally respected research collaborators and growing integration with traditional education players, we are well-positioned to grow into a global leader in edtech.”

I strongly encourage more talents to join the edtech sector to bring it to greater heights.

According to the press release, EduSpaze also promises to be different from “typical startup accelerators” in a number of ways.

For one, it won’t be structured with a “fixed curriculum”, and startups will undergo customised experiences that address their specific requirements.

Next, there will also be an emphasis placed to ensure that edtech products meet the pedagogical needs of educators, trainers, and learners.

The programme will also address “more conventional” accelerator topics like business development and tips to pitch to raise further funding.

Eligible companies will have until 20 Dec 2019 to apply to participate in the EduSpaze cohort, and up to ten will be selected to begin the programme in February 2020.

  • Companies interested to sign up for the accelerator can apply here.

 

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