Six early-stage startups announced by EduSpaze for its accelerator program

Six early-stage startups from around the region were accepted into the renowned three-month accelerator program of EduSpaze, the top edtech accelerator in Singapore, on Tuesday.

The newest group of edtech companies, according to a statement from EduSpaze, is in line with the accelerator’s program objective of encouraging the creation of creative solutions that can enhance the educational environment in Singapore and the surrounding area.

The selection of the six startups, which are YAHO Lab, Edvance, Quippy, School on Cloud, Safe Space, and Salatech, was based on their strong founding team, clear value proposition, high market potential, and scalability.

The startups would have access to a network of investors, receive seed funding and mentorship from industry experts, and grow their businesses in the region as part of the renowned three-month EduSpaze accelerator program.

“The Southeast Asia (SEA) region is known for its unique challenges and opportunities, making it a dynamic area for professional endeavors. This region comprises diverse countries, each with its own distinct characteristics and obstacles despite their geographical proximity,” said Alex Ng, Managing Director of EduSpaze.

“We observe varying levels of readiness for digital transformation among countries in Southeast Asia. For example, with a 98 percent internet penetration rate1 among students in Singapore, the Edtech Masterplan 2030 is focused on creating a seamless and enhanced learning environment for students. However, in countries with low internet penetration rates countries like Cambodia, their edtech policy is instead prioritizing expanding access to quality education for marginalized communities,” he said.

In order to promote innovation and meet the various educational needs and capacities within the SEA region, he stated that the company is dedicated to supporting the growth of the eighth cohort.

Under the auspices of Spaze Ventures, EduSpaze is a well-known startup incubator and seed capital firm with backing from Enterprise Singapore.

The eighth iteration of the accelerator program aims to empower and elevate edtech startups in the area.

Flying Cape, ClassPoint, and myFirst are a few of the previous participants in this initiative.

In particular, the education technology (edtech) sector in Singapore has become a thriving hub for technology startups, according to the statement.

Many edtech startups have flourished due to the city-state’s innovative atmosphere, strong infrastructure, and strong government support, which has helped them go from local success to global influence.

The eighth cohort of School on Cloud is noteworthy for its creative solutions that gamify learning for kids in order to meet the changing demands of the education sector. These solutions make use of technologies like artificial intelligence and data analytics to improve the quality of learning.

“At School on Cloud, we are dedicated to revolutionizing the education system and providing quality education for all children, regardless of their backgrounds,

“Through innovative technology and inclusive teaching methods, we are determined to create a love for learning and break down barriers to education,” said Mint Lim, Co-founder of School on Cloud.

“Having been founded in 2021 in Singapore, we have since expanded our target market to include Indonesia, Vietnam and Malaysia,

“We are excited to be part of EduSpaze’s eighth cohort, especially with their team of educators-in-residence (EIR) to help provide an educator’s perspective, School on Cloud is definitely on the right path in improving and bringing our innovative technology to a greater audience globally,” said Lim.

As per the statement, there’s a rising need for more support in managing mental health issues among adults and students, apart from improving educational opportunities.

Since mental health disorders are frequently stigmatized in Southeast Asia, where one in seven people suffer from mental health problems, it is imperative that the region establish a stronger infrastructure for mental health services.

Significantly, data from Singapore’s National Population Health Survey showed that the percentage of people with mental health problems increased from 13.4% in 2020 to 17% in 2022, with worrisome figures of 25.3% among young adults.