SGTech’s EdTech Committee was formed in late 2020. We interviewed the Co-Chairs of the EdTech Committee, Ms Jamie Tan and Mr Stanley Chia, to find out what members can look forward to from this newly-formed committee.
Jamie: The private education sector in Singapore was badly hit by COVID-19. Many brick-and-mortar service providers were forced to go digital to survive. Today, most traditional education centres have gone online and into the EdTech space, causing a shakeup. These companies need a lot of help and support. Associations such as SGTech can provide leverage for companies in the "eduspace".
Stanley: Regionally, the industry has seen a massive boost in awareness from recent Unicorn investments in EdTech startups, such as in India and China. There was also a lot of publicity on Singapore EdTech startups receiving new investments in late 2020.
Apart from India and China, many investors are now considering investing in Southeast Asia. This is the right time and opportunity for the industry to get together. By bringing together a community of founders in our committee, we can share resources and grow together.
Jamie: With everything now online, there are no longer geographical boundaries or limitations. Many EdTech players are entering Singapore. This situation is both an opportunity and a threat for us. While a diversity of choices can grow the market further, existing players have to defend against the new competition.