The EDUCATE project is a 3 year ERDF funded initiative. EDUCATE will set up a physical and virtual working space where EdTech SMEs and researcher-entrepreneurs will work together with research and busThe EDUCATE project is a 3 year ERDF funded initiative. EDUCATE will set up a physical and virtual working space where EdTech SMEs and researcher-entrepreneurs will work together with research and business experts.
❃ All participants will be trained, supported and resourced. The focus of activity for the EdTech SMEs will be to help them to use research evidence to inform the design of their products and services. They will also learn how to set up an effective evaluation trial to demonstrate the value of their product or service.
❃ The focus for research entrepreneurs will be on helping them to develop the business skills and acumen to commercialise their research idea. SMEs and researchers will be mentored to work with teachers and parents (their customers) to evaluate their product’s educational value and stimulate the demand. In this way, EDUCATE will translate research into new and better Educational Products, and will stimulate demand for new and improved products. This will increase the sector’s economic growth and London’s competitiveness.
❃ EDUCATE will also facilitate knowledge exchange between Higher Education and SMEs. It will engage SMEs in the R&D process and stimulate their investment in these activities in the future.
❂ The physical working space will be located at the UCL Knowledge Lab and cohorts of 10 SMEs and research spinoffs (pre-company formation) will be selected to join in this co-working space for a period of 3 – 6 months.
❂ An initial interview will assess whether or not the SME/researcher is ready to benefit from a place in the co-working space. SMEs/researchers who are not successful at gaining a place in the co-working space will be invited to use the EDUCATE virtual portal.
❂ Research start-ups and SMEs will be allocated the same level of support within EDUCATE, but this support will be tailored to their needs. All will be allocated an experienced mentor who will work with them throughout their involvement with EDUCATE.
❂ A key objective for the engagement will be for SMEs and researchers to develop their plans for working with their customer base of teachers or parents to design a research study to test the effectiveness of their product and give them evidence to present to investors and customers.more
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