MindCET News
8 articles
growth-positive
רילוקיישן למדבר כבר שקלת? פארק אד-טק שהוקם בירוחם, מציע קהילה - וואלה! כסף
MindCET, the innovation arm of the Center for Educational Technology (CET), is celebrating its 10th anniversary by launching an EdTech park in Yeruham. This initiative aims to provide a professional ecosystem and high quality of life for tech employees who prefer not to live in central Israel. The park has already attracted significant companies like CET and Thrive DX, and even Microsoft employees have relocated there. MindCET, in collaboration with the Or Movement, plans to develop infrastructure to support a thriving community. The organization aims to double its workforce in the coming year and reach 200 developers within three years. The EdTech sector saw a record $20 billion in investments in 2021, with $100 million in Israel alone.
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growth-positive
https://www.jpost.com/Israel-News/Israeli-initiative-gives-global-voice-to-educational-technology-578048
Israeli organization MindCET is focused on incorporating innovation into education systems worldwide. They have established the Global EdTech Startup Awards (GESA), the worlds largest educational technology start-up competition, to give educational technology a stronger, global voice. The competition attracts start-ups from around the world and provides exposure and potential connections with investment. MindCET believes that education, like technology, should be a global interest and that joining forces is necessary to meet the needs of students.
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TAL Education Group Buys Codemonkey for $20 Million
TAL Education Group has acquired Codemonkey Studios Inc., an Israeli game-based learning startup, for $20 million. Codemonkey develops game-like computer programming tutorials for children and is incorporated into the national education system in Israel. The acquisition allows Codemonkey to continue operating as an independent subsidiary of TAL and focus on research and development for programming tutorials in the Chinese market and other markets. The deal was finalized last month after four years of negotiations.
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Israeli-UK fund to invest in education technologies
MindCET, the technological arm of the Center for Educational Technology (CET), has announced the founding of a fund for investment in edu-tech in cooperation with the UK government. The fund, called TaskForce, will initially invest $250,000 in each of 4-6 ventures annually. In the next stage, the fund is likely to grow to $30 million. The main investor in the venture will be the Arie Capital fund, joined by other investors including the Beracha Foundation, CET, Educorp Technologies, a Japanese company, and an undisclosed Chinese investor. The fund aims to support edu-tech startups in Israel and the UK. The article highlights the potential for Israel to become a leader in edu-tech and the lack of investors in the field.
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US Sweeps Global EdTech Startup Awards
Edovo, an EdTech company, was announced as the overall winner of the Global EdTech Startup Awards (GESA). The competition featured 15 finalists from various countries, but the US swept the field, winning 1st, 2nd, and 3rd place. The GESA is the largest EdTech startup competition in the world and has partners in multiple countries. Edovos victory highlights the USs dominance in the EdTech industry and showcases the countrys innovative approach to education. The article suggests that the USs success in the competition is a testament to its entrepreneurial spirit and ability to find innovative solutions to pressing problems. The author also mentions that non-US companies are likely to be winners in future editions of the GESA. Overall, the article has a growth-positive impact on Edovo.
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Yeruham welcomes new tech incubator MindCET
Yeruham Municipality and the Center for Educational Technology (CET) are cofounding a tech incubator called MindCET, which is funded by a NIS 20 million donation from the Jack, Joseph, and Morton Mandel Foundation. The center aims to inspire a significant paradigm shift in education in Israel and beyond by fostering specialized cooperation between entrepreneurs, researchers, teachers, and students. It will run initiatives such as an open work space for entrepreneurs, a technology showcase, and a research department. The donation from the Mandel Foundation is an expression of their support for Yeruham, the Negev, and Israeli innovation.
Investment
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http://www.jpost.com/Israel-News/London-Mayor-Boris-Johnson-Lefty-academic-BDS-supporters-wont-influence-Britain-432517
London Mayor Boris Johnson is on a tour of Tel Avivs hi-tech highlights to strengthen economic ties between Tel Aviv and London. He is particularly focused on education technology. The London Stock Exchange is attracting Israeli tech companies, with 16 Israeli tech firms worth a combined market value of £3.7 billion listed on the exchange. Johnson wants to attract more Israeli companies, especially those looking to expand to European markets. Israeli innovation is attributed to being a democratic society. The mayor is seeking to create a similar arrangement between Tel Aviv and London through the Tel Aviv Global initiative. Many of the companies on the tour have a focus on education technology. Education technology is projected to reach £129 billion by 2025.
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growth-positive
MindCET Launches the 2nd Global EdTech Startup Competition
MindCET has launched the 2nd annual Global EdTech Startup Awards competition. The competition aims to promote the EdTech ecosystem worldwide and find the most promising EdTech startup in 2015. This year, the competition has introduced three vertical tracks: Making Education, IoT in Education, and Safety Net. The applications phase will run from January to April 2015, with the global finals expected to take place in September 2015. MindCET is joined by EdTech promoters, including EdTech Incubator, Inncubated, Wayra, and the Open Education Challenge. The competition is sponsored by CET, an Israeli EdTech leader and holding company of MindCET.
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