Educational technology (EdTech) is changing the ways that students learn and that training is conducted. The Ed-tech market globally has been undergoing a revolution in the past couple of years, and this process was accelerated during the COVID-19 pandemic when educational institutions had to find innovative ways to deliver learning to their students.
As the demand for improved educational and training methods increases, educational technologies meet this demand with solutions that cater to all forms of needs from early education to professional development.
The current market size of this industry is valued at $254.80 billion worldwide and experts predict that it will reach $605.40 billion by 2027. Globally, Israel continues to have a tremendous impact on global innovation in all sectors, leading innovation in industries such as cybersecurity, digital health, and fintech. Another exciting sector that holds a lot of promise is the Israeli Ed-tech industry. Israeli companies are contributing significantly to the shift from traditional passive learning to more interactive, digitized, and creative approaches to learning and training. This can be seen in areas of testing solutions, student engagement, – which includes gamification, digital classroom tools, and solutions for individuals with special needs – the STEM area, and online program management.
Currently, Israel has 339 Ed-tech companies, 50% of which are startups with approximately $150 million in investments. The main verticals in the Israeli Ed-tech ecosystem include Test, Text and Archiving, Student Engagement, STEM, and Program Management.
Israeli Ed-tech companies that are offering solutions in the Test, Text, and Archiving sector include Classoos, an online textbook service for primary and secondary schools. The company’s catalog features digital textbooks from all leading publishers and follows GCSE, IGCSE, National 4 and 5, AS and A-Level/(Advanced) Higher, Edexcel, OCR, AQ-A, IB, and more shared OER content.
In the student engagement field, companies such as Safeschool are creating an empowering environment for children and teenagers in schools, at home, and in social networks. Safeschool’s technology enables schools to provide emotional support and educational content for the security and development of students.
In STEM, Israeli innovation is leading the way with interesting solutions through gamification such as Codemonkey. Codemonkey is a fun and educational game-based environment where kids learn to code without any prior experience. Children are able to navigate the programming world with a sense of confidence and accomplishment after completing the coding courses on the award-winning platform.
There are a variety of promising opportunities for partnerships between the Ghana and Israeli Ed-tech sectors. Ghana’s ICT in Education Policy, highlights seven priority areas:
Education Management Capacity building
Infrastructure/ e-readiness Incorporating ICTs into the curriculum
Content development Technical support, maintenance, and sustainability
Monitoring and Evaluation.
Ghana’s education sector is struggling with infrastructure deficit, access, and participation. Other challenges include a fragmented and overloaded curriculum and incoherent administrative control. Technology can be leveraged to solve some of the challenges bedeviling the sector. Online learning and Remote management and monitoring technologies, can be leveraged by countries like Ghana to resolve some challenges in the sector.
Ghana has a relatively young but growing Ed-tech sector that can collaborate with Israeli Ed-techs, to help achieve these priority areas in the national ICT in Education Policy.
Learning is evolving, and the Israeli education technology sector is leading the charge in bringing the most innovative approaches to learning, to both students and educators.
For more information on business opportunities and a variety of Ed-tech solutions, feel free to contact Ms. Maame Yaa Amoah, our lead on Ed-tech.