With the Unified digitization in the World, Education Technology aka Edtech, today, carries the potential to bring revolutionary changes in the education system. The Edtech startups are providing personalized classroom experience for aspirants of all sorts of competitive examinations.
In this article, we talk about the megatrends in 2019 that will see the driving forces for the potential growth of edtech startups in India.
Evaluating the team running an edtech startup is the most critical step when considering investments, say two venture capitalists – Esteban Sosnik, a General Partner at Reach Capital & Jason Palmer, a General Partner at New Markets Venture Partners – who will be coaches at the EdSurge Immersion Conference.
China, the world’s biggest agricultural producer, is leading the race when it comes to empowering farmers with Artificial Intelligence (AI)-driven technologies. The aim is clear: To help the community digitally record information to cut costs and increase yields — with just a smartphone in their hands as AI leveraged Cloud computing to make sense of the data for farmers. What’s happening in healthcare with AI in the lead?
The honorable interim finance minister Shri Piyush Goyal has made an allocation in the interim budget for a National Center for Artificial Intelligence (AI) and a National AI portal. This will have far-reaching implications in many fields — the biggest in the field of healthcare if AI is used effectively.
In November last year, Prime Minister Narendra Modi announced a number of measures aimed at MSMEs. Starting with better access to credit to helping them reduce the cost of borrowing, these measures provided the sector with a positive outlook. The sector now expects that the government in the 2019 Union Budget introduces measures to ease working capital blockages, with possible reductions in tax rates and reducing compliance burden.
London has emerged as a hub for investments into open banking solutions, China for facial recognition and Israel, a centre for cybersecurity. India, however, is yet to find a niche.