The Edtech 50 is a list of the 50 most innovative education technology startups across Sub-Saharan Africa.
Courtesy: Holon IQ
Fuzu has been listed on Holon IQ’s first annual EdTech 50 in September 2020. This is a huge feather in our cap because it aligns with our mission - to prepare ambitious career builders across Africa for success by providing personalized career guidance and recommendations.
Holon IQ Africa Edtech 50 analyzes 700+ organizations from Sub-Saharan Africa using data and insights from their Global Intelligence Platform. The Edtech 50 is a recognition of companies that are most innovative and impactful in education technology and most of them had a focus on provision to access to learning through content, resources, language and literacy. EdTech 50 also recognized organizations whose focus is to amplify the work of teachers, schools and institutions.
The importance of such organizations could not be overstated because Africa has the youngest population in the world with an average age of 19 according to Worldometer. Furthermore, Holon IQ says that there are 226 million young people falling between the ages of 15-24 making up 20% of Africa’s population. This is also a fifth of the world’s youth.
However, there is a huge skills gap and it accounts for the 25% unemployment rate in Africa and Fuzu is on the forefront to curb that by helping its users upskill.
To make it to the EdTech 50, these are the parameters (also referred to as HolonIQ’s startup scoring rubric) that HolonIQ used to grade the organizations:
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Market - The quality and relative attractiveness of the specific market in which the company operates.
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Product- The quality and uniqueness of the product itself.
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Team - The expertise and diversity of the team.
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Capital -The financial health of the company and in particular its ability to generate or secure sufficient funding.
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Momentum - Positive changes in the size and velocity of the company over time.
Kenyan startups that also made it to the HolonIQ EdTech50 include:- Andela, Moringa School, M-Shule among others. Kenya had the second-highest number of startups that made it to the EdTech50 after South Africa.
HolonIQ is a global education market intelligence platform that was formed in 2018 with the aim of connecting people and ideas through innovation.
