In November 2020, HolonIQ announced the annual ANZ EdTech 50 — a list of the 50 most promising EdTech startups headquartered in Australia and New Zealand. As we open applications for our annual 2021 ANZ EdTech 50, we take a look at where the 2020 cohort are now.
EdTech in Australia & New Zealand builds from a high quality education system and supports both learning outcomes directly as well as supporting and enabling education institutions to be more efficient, to deliver at scale, and to further digitize their offerings and business models. There is historical strength in these markets in distance education which, even before COVID, has translated to robust online learning solutions. Language learning and assisting international students also features and, in the Workforce learning segment, digital skill development, mentoring software and experiential learning solutions are also strong.
The Annual ANZ EdTech 50 recognizes the most promising EdTech startups based in Australia and New Zealand, which are privately owned and under 10 years old. Governments and the media, institutions and investors, schools and educators, influencers and talent leaders from across the region and around the world look to HolonIQ’s ANZ EdTech 50 as the benchmark for education innovation and to understand the dynamics of innovation in the market.
HolonIQ's Scoring Fingerprint
In 2020, HolonIQ’s Education Intelligence Unit evaluated 700+ EdTech companies from Australia and New Zealand, powered by data and insights from our Global Intelligence Platform and local experts. Each organization was assessed using our proprietary scoring engine and following HolonIQ’s startup scoring rubric. Our normalization algorithm ensures that individual scoring bias is eliminated to create an equitable baseline and allows experts to review their own ‘scoring fingerprint’ relative to other experts. HolonIQ’s startup scoring rubric covers the following dimensions:
Market. The quality and relative attractiveness of the specific market in which the company competes.
Product. The quality and uniqueness of the product itself.
Team. The expertise and diversity of the team.
Capital. The financial health of the company and in particular its ability to generate or secure sufficient funding.
Momentum. Positive changes in the size and velocity of the company over time.