EdTech (or educational technology) is a booming industry. The global EdTech market generated $17.7 billion in 2017 according to a report from Research and Markets. The market research firm estimates average annual growth of 18.3% to reach $40.9 billion by 2022. As a measure of this popularity, a number of start-ups, such as Coorpacademy, FutureLearn and Peergrade – a start-up created at the Technical University of Denmark -, are bringing fresh innovation to all areas of EdTech. Here we take a comparative look.
Coorpacademy
Company training
FutureLearn
Online university degrees
Peergrade
Feedback from other students
HEADQUARTERS
Switzerland
United Kingdom
Denmark
YEAR OF FOUNDATION
2013
2013
2015
SERVICE
Corporate digital learning platform for in-house company training.
This platform offers free online courses, programmes and degrees via major universities and educational organisations. It is owned by The Open University in the United Kingdom.
Peergrade software lets students mark one another’s work under the supervision of teachers.
TYPE OF CUSTOMERS
Businesses
Anyone
School and university students
NUMBER OF USERS
The company totals some 700,000 users across all its customers’ digital learning platforms.
Since the first course opened in September 2013, over 8 million learners have taken classes.
The software is used in more than 1,000 schools and universities.
ADVANTAGES
Courses emphasise the flexibility of tools for users, interaction with other learners, and flipped learning techniques, which approach educational content directly with problem-solving. Training modules are short and available on all terminals. Content includes entertaining two-minute videos and quizzes. Coorpacademy is based at the Swiss Edtech Collider, a collaborative space at the EPFL hosting currently about 30 start-ups in the field of EdTech.
The platform has established partnerships with more than 150 universities and cultural institutions. FutureLearn delivers university degrees in a broad range of categories.
The software can be used by teachers to define assignment and marking criteria, and lets students upload their completed work on Peergrade, for example in the form of a Word document or YouTube video. The platform then distributes tasks to different students in charge of grading and providing feedback.
HEADQUARTERS
Coorpacademy
Switzerland
FutureLearn
United Kingdom
Peergrade
Denmark
YEAR OF FOUNDATION
Coorpacademy
2013
FutureLearn
2013
Peergrade
2015
SERVICE
Coorpacademy
Corporate digital learning platform for in-house company training.
FutureLearn
This platform offers free online courses, programmes and degrees via major universities and educational organisations. It is owned by The Open University in the United Kingdom.
Peergrade
Peergrade software lets students mark one another’s work under the supervision of teachers.
TYPE OF CUSTOMERS
Coorpacademy
Businesses
FutureLearn
Anyone
Peergrade
School and university students
NUMBER OF USERS
Coorpacademy
The company totals some 700,000 users across all its customers’ digital learning platforms.
FutureLearn
Since the first course opened in September 2013, over 8 million learners have taken classes.
Peergrade
The software is used in more than 1,000 schools and universities.
ADVANTAGES
Coorpacademy
Courses emphasise the flexibility of tools for users, interaction with other learners, and flipped learning techniques, which approach educational content directly with problem-solving. Training modules are short and available on all terminals. Content includes entertaining two-minute videos and quizzes. Coorpacademy is based at the Swiss Edtech Collider, a collaborative space at the EPFL hosting currently about 30 start-ups in the field of EdTech.
FutureLearn
The platform has established partnerships with more than 150 universities and cultural institutions. FutureLearn delivers university degrees in a broad range of categories.
Peergrade
The software can be used by teachers to define assignment and marking criteria, and lets students upload their completed work on Peergrade, for example in the form of a Word document or YouTube video. The platform then distributes tasks to different students in charge of grading and providing feedback.