{"id":160036,"date":"2024-01-26T22:36:30","date_gmt":"2024-01-26T22:36:30","guid":{"rendered":"https:\/\/tecscience.tec.mx\/en\/?p=160036"},"modified":"2024-01-29T18:43:00","modified_gmt":"2024-01-29T18:43:00","slug":"edtech-funding","status":"publish","type":"post","link":"https:\/\/tecscience.tec.mx\/en\/business-innovation\/edtech-funding\/","title":{"rendered":"“There’s a lot that Can Be Done Before Raising Capital”: EdTech Expert"},"content":{"rendered":"\n

In the remote north of Canada, Stephen Jull<\/a> left teaching to start technology-supported education companies.<\/p>\n\n\n\n

Jull is the CEO of Epic for Kids<\/strong>, an organization dedicated to making reading more accessible to youngsters, and it has earned international recognition.<\/p>\n\n\n\n

During his panel titled Driving Change and Impact: The Unicorn EdTech Experience<\/em> at the IFE Conference 2024<\/strong><\/a>, held by the Institute for the Future of Education<\/a>, Jull explained that there was a boom in educational technology following the pandemic, compelling educational institutions to reinvent themselves and offer new ways of delivering education to people.<\/p>\n\n\n\n

In this situation, he pointed out the opportunity for academics and researchers to make a similar transition from the classroom and laboratory to entrepreneurship and the establishment of technology and educational businesses.<\/p>\n\n\n\n

An unusual advice he gave was to preserve a certain level of naivety, not about the educational or technological subject being produced, but about beginning a business despite a lack of expertise in entrepreneurship.<\/p>\n\n\n\n

\u201cThat is how a lot of people start, even if you don\u2019t have all the pieces of the business together. Being an expert can sometimes be a hindrance, and sometimes a little naivety makes you less afraid to take the step\u201d, said during an interview with TecScience<\/em><\/strong>.<\/p>\n\n\n\n

\"\"
“There is a lot that can be done before raising capital,” says an education technology specialist. (Photo: Amirhossein Hosseini \/ TecScience)<\/em><\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

First Steps to Being an Entrepreneur<\/strong><\/h2>\n\n\n\n

Jull described his story and identified some of the main obstacles and possibilities for his company’s development, particularly before presenting the idea to investors.<\/p>\n\n\n\n

\u201cIt is important to have a great idea, an excellent team, and proof of concept. Many startups forget there\u2019s a lot you can do without raising any capital at all,\u201d he commented.<\/p>\n\n\n\n

Before worrying about financing, technology-based educational businesses can focus on developing a minimum viable product, building momentum, and even earning some profits, no matter how little.<\/p>\n\n\n\n

Jull believes that in places such as Latin America, additional variables support the successful adoption of educational technology projects, such as a culture of collaboration and a desire for the region to advance together.<\/p>\n\n\n\n

When considering finance, rigorous planning and the development of strong concepts are required before seeking investors or individuals to join the projects.<\/p>\n\n\n\n

According to his perspective, entrepreneurs should not underestimate the value of connections and support networks, as they are one of the foundations of business success.<\/p>\n\n\n\n

\u201cThe more people that you know in your network the more people that help you in your business. It is fundamental to long-term success to have good friends in and outside your startup that you can lean on and trust\u201d, he affirmed.<\/p>\n","protected":false},"excerpt":{"rendered":"

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