The Coronavirus’ Chilling Effect Hits Edtech Industry Conferences

edsurge | March 03, 2020

The recent U.S. spike in coronavirus cases, which currently numbers around 118 cases in 16 states, is leaving the edtech conference industry with an existential (if not quite Shakespearean) question at the start of its busy events season: to host or not to host? Across the broader technology world, the coronavirus has taken a toll on what were once routine gatherings. Facebook, Google, Microsoft have pulled out of annual industry conferences, and called off events of their own. Others, including the Games Developer Conference and the massive World Mobile Congress in Barcelona, have opted to cancel. Some in the edtech industry have followed suit: Educause pulled the plug on its ELI conference, scheduled for early March near Seattle. Docebo, the maker of a corporate learning management system, has postponed a London-based conference scheduled for April.

Spotlight

With the advent of technology, the education sector has revolutionized. From print media to the web, we have seen information getting richer and easily accessible. Thus, it has always made sense to bring web-based learning systems that is inundated with information.Virtual Reality, a computer technology that uses software-generated realistic images, sounds and other sensations to replicate a real environment, is another such technology, which has contributed to big change in the education system.


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EDUCATION TECHNOLOGY

Ivy Camps Receives Funding from MonCap and Man Capital to Accelerate Growth for K-12 EdTech Platform

Ivy Camps USA, Inc. | December 23, 2021

Ivy Camps USA, Inc. ("Ivy Camps" or the "Company"), a global education technology company delivering live curated classes to children aged 6-18 taught exclusively by instructors from top US universities, today announced that it has raised funding from MonCap and Man Capital. Founded by Danny Hundert, Ivy Camps has taught over 1,000,000 student-hours of fun, educational content that supplements school-based learning programs. Ivy Camps' instructors hail from universities such as Harvard, Princeton, and Yale. Courses start at $149 for 5-session modules and some of the most popular offerings include Public Speaking, Crypto for Kids, Video Editing for YouTube, Engineer a Better World with the Stanford Design Cycle, and Writing for College Admissions. This funding round will be used to accelerate growth and expand the Company's global presence. As part of the investment, Jonathan Sockol and Loutfy Mansour will be joining the Company's Board. "We are pleased to welcome MonCap and Man Capital as partners in Ivy Camps," said Hundert. "Both have a proven reputation of being active, value-added partners and will help us further our mission of inspiring every child to follow their passions and excel beyond the classroom." "We are proud to be backing Danny and his team. Ivy Camps expands learning beyond the traditional curriculum taught in school classrooms and equips children with the essential skills and knowledge that they need to succeed." Jonathan Sockol, Managing Partner at MonCap Loutfy Mansour, CEO at Man Capital said, "Ivy Camps is changing the landscape of learning around the world. We are excited to work together to drive a paradigm shift in education while enabling children to interact with the best and brightest on the planet." About Ivy Camps Founded in 2014, Ivy Camps has provided educational and fun programming to thousands of children via both in-person and online interactive classes. Ivy Camps offers its premium classes in a format that is accessible both in prices and delivery to families in over 40 countries. With a consistent 5-star satisfaction rating, Ivy Camps prides itself on being the preeminent provider of supplemental education designed for any student who seeks to spark their passion for learning and widen their path to a future of elite education. About MonCap MonCap is a growth-based investment firm backed by some of the world's largest family offices and institutions. We seek to invest $10-$100mm into companies and managers who share our ambitious goals of changing the world. Our strategy revolves around being great partners and providing resources to foster transformational growth. Our flexible mandate allows us to create bespoke solutions for sellers, management teams, and strategic partners. The collective experience of our partnership spans a broad array of industries and geographies. About Man Capital Man Capital is the investment arm of the Mansour Group. The Mansour Group is a global conglomerate that employs over 60,000 people in over 100 countries. At Man Capital, we have a history of building long–term relationships with our investee companies, business partners and other stakeholders. We are an independent entity wholly owned by the Mansour family which provides us with the flexibility and ability to move quickly while benefitting from the stability of a high quality and committed sponsor. At its core, our business remains a family-backed enterprise with values of diligence, trust and transparency.

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How do subs fit into back-to-school plans? Demand could spike — or plummet

Kelly Education | July 21, 2020

If some form of in-classroom learning resumes, the need for substitute teachers could spike. If this fall includes a return to full-on distance learning, the need for subs could plummet. MinnPost file photo by Bill KelleyUntil the state Department of Education delivers final back-to-school guidance later this month, schools won’t be able to firm up their substitute teacher needs. After more than three decades of reporting to duty at schools in Minnesota — as a teacher, a principal, and then again as a science teacher — Rick Fletcher decided to retire. But he didn’t stay away for long. “I’m supposedly retired. But I enjoy it too much,” he said. For the past six years, he’s worked as a short-term substitute at two schools in the Spring Lake Park Schools district and at one in St. Paul — buildings where he knows the staff and the students. When the COVID-19 pandemic hit this past spring, he says students still stopped by his place to decorate his sidewalk with chalk and to drop off treats. But his sub role was essentially eliminated by the shift to distance learning.

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Elsevier acquires SciBite to accelerate solutions for life sciences and corporate R&D industries

Elsevier | August 21, 2020

Elsevier, a global research publishing and information analytics provider, and part of RELX, has acquired SciBite, a semantic AI company headquartered in Cambridge, UK, to help customers make faster, more effective R&D decisions through advanced text and data intelligence solutions. SciBite’s solutions identify and extract scientific insights from structured and unstructured text and content, to identify key concepts such as drugs, proteins, companies, targets, and outcomes. This semantically-enriched, machine-readable data, helps SciBite’s customers around the world make streamlined, more efficient decisions.

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ONLINE EDUCATION

Amesite Announces Partnership with Cathie Wood's Innovation Foundation

Amesite Inc. | January 21, 2022

Amesite Inc., a leading artificial intelligence software company offering a cloud-based learning platform and content creation services for business, university, nonprofit, and government agency learning and upskilling, announces today its partnership with the Innovation Foundation ("IF") to provide its proprietary online learning platform for all of IF's education initiatives. Founded by Cathie Wood, the Founder, Chief Executive Officer, and Chief Investment Officer of ARK Invest, IF's mission is to educate through the lens of technologically enabled innovation, preparing and inspiring students, teachers, and families to be on the right side of change. "We believe that education through the lens of innovation will require novel and forward-looking methods of teaching," commented Cathie Wood, IF's Founder and Chairperson. "Built by Amesite, Innovation Foundation Engage – our online learning platform- uses advanced technology to enhance education focused on innovation. Amesite's technology will help us engage all who wish to be a part of our mission. Our plan is to partner with school districts across the nation, offering teachers and children the training and education to lean into and benefit from the explosive and exciting changes fomenting around innovation." "The Innovation Foundation's flagship program to provide teachers and students access to innovation learning opportunities is very much in line with our mission to provide the best possible technology to drive online learning through an intuitive and comprehensive approach that provides users with a wide range of resources available through a single platform. Cathie Wood is a globally respected and renowned thought leader and role model in the areas of innovation and finance. Her bold predictions about the future have been repeatedly realized. The Innovation Foundation team is ensuring that people are ready to embrace the changes that are improving the human condition. We also share IF's beliefs in the power of learning to change lives, and the importance of leveraging partnerships to utilize technology, to do so." Amesite's Founder and CEO, Dr. Ann Marie Sastry Both Ernst & Young LLP and Deloitte have recently reported that companies utilizing a software as service or (SaaS) model, rather than ones that develop physical assets, are more efficient in their operations and have achieved greater shareholder return compared with asset-heavy organizations. Among the advantages are lower costs passed to the end user, the allowance of categorizing their software investments as operating expenses rather than capital expenditures, and easy and rapid scalability as the only requirement around increased utilization is an expansion of licenses based on the user's changing business requirements. About Amesite Inc. Amesite delivers the world's most effective online learning systems for employees, students, and job seekers. Artificial intelligence drives the platform: Amesite delivers clean, accessible interfaces, best-in-class technology, and unparalleled scalability and integration capabilities. Our partners give us the best reviews in the industry, with customer-branded learning community environments that integrate with your existing tools – and deliver outstanding results. The future of learning is here: Amesite delivers systems for businesses, universities, non-profits, and government agencies, branded to you, in as little as 24h. About Innovation Foundation Founded in 2021 by Cathie Wood, Chief Executive Officer, Chief Investment Officer, and Founder of ARK Invest, the Innovation Foundation (IF) is a 501(c)(3) nonprofit organization dedicated to powering intellect for a changing world. IF's mission is to educate through the lens of technologically enabled innovation, preparing and inspiring students, teachers, and families to be on the right side of change. IF seeks to achieve its mission through a virtuous cycle of education, mentorship, partnership, and funding.

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Spotlight

With the advent of technology, the education sector has revolutionized. From print media to the web, we have seen information getting richer and easily accessible. Thus, it has always made sense to bring web-based learning systems that is inundated with information.Virtual Reality, a computer technology that uses software-generated realistic images, sounds and other sensations to replicate a real environment, is another such technology, which has contributed to big change in the education system.

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