In a globalized world increasingly dependent on what has become known as the “knowledge economy,” education plays an ever more critical role for individuals, companies, and ultimately, countries. As rapid advances in artificial intelligence and robotics accelerate the pace of automation across industries, the education imperative has only grown more acute. Researchers from the University of Oxford have projected that 47 percent of American jobs are at “high risk” of being automated in the next twenty years; McKinsey estimates that 12 million U.S. “middle skill” jobs will be eliminated by 2025. To participate in the future with any success, we will need continuously to refill our “knowledge tanks.”
Yet there is a flip-side of technology disruption: ubiquitous internet connectivity, smartphones, and big-data applications enable education platforms to attract millions of students in a short period of time — what we call “Weapons of Mass Instruction.”
Implication for Funders
The speed and rate of change in this sector differ from funding in traditional philanthropic fields. Several trends in this technology heavy, innovative environment outpace the abilities of traditional foundations. To deploy capital effectively, funders will have to align their grant and investment processes accordingly.
To engage effectively in EdTech, foundations must keep up with cutting-edge expertise in both education and technology.
Make a Difference and Contribute to the World of Jewish EdTech
As a potential funder looking to make an investment that contributes to the rapid growth of educational technologies within Jewish education initiatives, it is important to understand the various details involved in making successful investments with maximum impact.
Explore the following pages to learn more about integral elements to becoming an investor in educational innovation.