The NYU Steinhardt Edtech Accelerator powered by StartEd announced today the startups accepted into its 2016 immersive three-month, mentor-led program in New York City. The program is dedicated to education entrepreneurship and designed to help edtech entrepreneurs grow their companies.
These companies address a range of challenges and market opportunities in early learning, K-12, higher education, career development, and lifelong learning. Chosen from over 400 applicants from around the world, each of the selected companies will work out of the NYU Steinhardt Edtech Incubator near Washington Square Park from October through December. They meet with world-renowned experts and luminaries in education, technology, and startups.
The StartEd 2016 cohort is:
Admission Table (Bangalore, India) – The world’s first AI chatbot for university admissions
Alumnify (San Francisco, CA) – An enterprise platform for alumni offices
AugThat (New York, NY) – Augmented reality curriculum to bring learning to life
Bering (Brooklyn, NY) – The data analytics platform for scientific research
EduKids Connect Systems (New York, NY) – All-in-one information system for child care providers
NeuroNet Learning (Gainesville, FL) – Scientifically based early reading curriculum combining fluency and kinesthetics
TheTalkList Inc. (San Diego, CA) – A global language learning exchange
Trovvit (Brooklyn, NY) – A social portfolio tool for the next generation transcript
Versity U, Inc. (Jeffersonville, NY) – Help students plan, prepare for and pass board exams in the healthcare industry
In order to sort through the 430 applicants from around the globe, StartEd established a rock-star investment selection committee made up of edtech VCs, CEOs, angel investors, and NYU Steinhardt professors. The group focused on the “4 Ps” — quality of the People, importance of the Problem, efficacy of the Product, and Progress made to date. Each selected company has a unique profile. All already have achieved some level of financing, product offering, or revenues.
“The technologies and solutions in our 2016 cohort are helping lay the foundations of the future of education,” said Ashantha Kaluarachchi, one of StartEd’s Managing Directors. These companies will build on edtech’s position as a truly global marketplace and change the way people learn, teach and use technology. And we’re happy to help them grow and make their contributions to the education and tech communities.”
“The Edtech Accelerator provides our whole community with a fantastic opportunity to witness up close and contribute to how start up businesses are launched in the education space. It’s also a great way for our students and faculty to interact directly with the industry, and take part in exciting, entrepreneurial ventures,” said Alex Ruthmann, associate professor of music education and technology and director of the NYU Music Experience Design Lab at NYU Steinhardt, as well as a member of the selection committee for the accelerator.
StartEd provides access to the industry’s largest and most influential network of more than 150 experienced leaders in the education and technology fields. Mentors and advisors include CEOs and founders of the most successful education companies, edtech venture capitalists and angel investors, leaders of the largest educational publishers, technology enablers and functional specialists from the largest technology giants, and academics and education policy experts, among many others.
The accelerator is designed to help entrepreneurs dramatically accelerate their business. The program culminates during NY Edtech Week — the global education innovation festival — December 19-21 at NYU where the founders of each startup in the cohort will have three minutes to pitch in a “Shark Tank” style presentation.
“StartEd will continue to energize and enhance the education technology community and drive economic development and innovation,” said Jonathan Harber of StartEd. “New York is already of hub of education and enterprise and our accelerator and the NY Edtech Week events are a vibrant part of that ecosystem.”