Comparison

Riding the EdTech wave

Start-ups are moving into educational technology. Some offer university courses while others advance company training by designing video games.

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.