Depending on who you ask, investment in edtech companies ranged anywhere from $1.36B to $2.34B in 2014—a record high for the space no matter which number you believe. Ed tech incubators, accelerators, and Shark Tank-like competitions seem to be cropping up everywhere these days. But the Milken-Penn GSE Education Business Plan Competition (EBPC), launched in 2010, claims to be one of the first. What sets it apart is that it’s dedicated solely to early-stage education companies, it’s run out of an education graduate school (rather than a business school), and—with over over $140,000 in prize money and a spot in education startup incubator Education Design Studio, Inc. at stake—it’s arguably one of the most lucrative competitions of its kind.
The 2015 competition, now open and accepting applications through February 24, is split into two paths—“Ideas” and “Ventures.” New this year, the Ideas path is intended for education entrepreneurs in the earliest stages of business planning. Ventures are organizations with under $500,000 in investments and less than $200,000 in revenue.
Twelve finalists will be invited to Penn’s campus in Philadelphia, PA, in May to pitch their ideas to an audience of investors, researchers, and practitioners. Previous winners include Autism Expressed, Raise, and Kickboard.
For more information or to enter, visit educationcompetition.org.