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Rise of the learning Machine

For our November edition, we look at the first global landscape of skills and work as well as the world's first EdTech Park - set in the desert in Israel. The report aims to provide you with a bite-sized summary of what is happening in the world of learning and training. 

Now & Next
Global All Stars
market roundup
M&A highlights v2
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 2min

NOW AND NEXT   

The key trends impacting education and training today

Where Work Goes, Skills Follow

Hollywood has been the home of film for over 100 years. Wall Street has hosted the international financial sector since the 1850s and the Silicon Valley region employed around a quarter of a million technology professionals in 2013. While all different sectors, they are examples of where skilled workers have travelled to specific regions to work and live. An example of the effect: unemployment in the San Francisco Bay fell from 9.4% in 2009 to 2.7% in August 2019. The rise in technology skills in the area also brought the rise of sales and real estate expertise. This spillover of skills has led to economic growth in the region.

Now, many are starting to predict as to where the “Next Silicon Valley” could be. Tel Aviv, Berlin, Shenzhen and Bengaluru, amongst many more, have all been selected due to the urbanisation of the cities, tech giants moving in and startup scenes rapidly growing. Berlin recently saw the highest increase in startups more than any other European City, Bengaluru’s GDP is expected to grow by 60% in the next five years and Shenzhen is now in the top 5 cities in the world for the most expensive housing.

A new form of analysis that can help predict this phenomenon was introduced by LinkedIn and Indiana University in August this year. They created a ‘global labour flow’ map that tracked the movement of skilled workers and highlighted geo-industrial clusters - where certain skills were appearing in certain geographies and what it meant for the local economy.1 By mapping 500+ million jobs over 25 years, the study showed a positive correlation between the acceleration of college-degree employment growth and increased market capitalisation. It also highlighted the growth and decline of particular industries, movement of roles and skills required and the regional economic growth that followed.

While this is the first analysis built in the context of business strategy, urban economics, regional and international development, it can potentially share insight to help address the critical skills gap. By gauging the roles and skills being introduced in particular sectors, there is a correlation to what education and training that should follow. Certainly, the future cannot be predicted, but it is possible to prepare - making informed decisions based on the anticipation of roles that might appear. With this movement of sectors to particular regions, the next Silicon Valley could then be a region where skills are jobs are equally matched.

1 Global labor flow network reveals the hierarchical organization and dynamics of geo-industrial clusters, Jaehyuk Park et. al., Nature, 

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1minGLOBAL ALL STARS   

 Learn how innovators of today are shaping the edtech of tomorrow.

Israeli High Tech Provides a Significant Space to EdTech
By Cecilia Waismann, MindCET

The 1st EdTech Campus in the world opened in Yerucham, Negev Desert in Israel, this September. The Jack, Joseph and Morton Mandel Innovation Center, opened by MindCET, will house educators, developers, students and designers to develop new ideas. The new centre will offer an open work space for startups, a place to showcase and experiment with breakthrough technologies, a maker space with a traditional and high-end tech. There will also be an experimental class for research and development, as well as a multifunctional hall that will be used for hackathons, conferences and training courses. All of this has been designed and created specifically to be a magnet for educators, Hi-Tech companies and the EdTech scene in general. 

MindCET is an EdTech Innovation centre, based in Israel with a global reach and a belief that education should work towards a global pedagogy, by enabling space for joint ventures among EdTech stakeholders. MindCET is an independent body, part of a non-profit organization, the Center for Educational Technology (CET). For over 40 years, CET has been leading Israel's technology-based educational solutions, with a special interest in meeting the needs of its culturally and geographically diverse population.

In its 7th year of activity, MindCET has become one of the world’s pioneers to bring the entrepreneurial culture to the educational world. Today, it is globally recognized as a main reference to the Global EdTech ecosystem, leading relevant international ventures as well as offering alternative innovative solutions. MindCET plays a central role in all major world EdTech forums and works in partnerships with organizations alike, major universities, R&Ds, Hi-Tech companies, in order to explore, strengthen, and develop innovative and relevant pedagogical solutions that meet the needs of the digital learner.

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MARKET ROUND UP

A global snapshot of the edtech market

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M&A HIGHLIGHTS  

Summary on mergers, acquisitions and fundraising

Adtalem MA block
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1 Deals sourced from Capital IQ and Mergermarket

 


Significant Fundraising Activity
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AMBOSS fundraising

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