Breaking News

Praveen Sinha Pincap -New Education Policy 2020 will be a boon for Edtech

 

After a long wait of 34 years, the government decided to introduce a New Education Policy (NEP) last month. The landmark decision by the government is being appreciated across different sections of the society because it has taken inputs from all the stakeholders be it teachers, students, industry experts and the common man. Speaking on the development, Praveen Sinha Pincap MD, who is mostly known as the founder of Jabong.com welcomed the decision and said, “This was a much needed shake-up of our educational system, providing the students a greater control of their education. The ideas being proposed under the policy are exciting and I hope speedy and effective implementation of the same are carried out. It has created lot of flexibility and choices for the students, earlier mixing physics and philosophy as concurrent subjects was not possible with ease. “

 

How will NEP benefit Edtech?

The NEP emphasizes on building a holistic, learner centric, elastic system that aims to convert India to a vibrant knowledge society. It aims to create more and more skilled and educated youth by bringing more and more underprivileged kids into the education system and reduce dropouts among the existing ones. To achieve all of this, the rapid adoption of technology, availability and accessibility of high speed internet needs to be fast tracked. This scenario would be very bullish for the ‘ed-tech’ space according to Sinha. ”The Edtech space has been growing multifold every year and the NEP is very likely to accelerate their growth further. Early movers in the space will be the most likely to reap the benefits but there is plenty of room for new players to emerge considering the customer base will continue to rise with improving internet penetration and implementation of NEP.

 

Reaction of Industry Insiders

Byju Raveendran, Founder and CEO, BYJU’s welcomed the initiation of NEP and feels the NEP’s focus on providing students options and accelerating digital education was much needed. “At BYJU’s we believe in tech-driven education because it brings a uniform level of education to one and all irrespective of geography.”, he concluded.

 

Zishaan Hayath, CEO and Co-founder, Toppr also feels that the implementation of NEP is a much-awaited and welcome move. “At Toppr we have always been firm believers in technology and how it is the key to bridging inequalities and gaps in education. The next generation workforce will be way different from today’s. They are likely to be centered around technologies that are yet to be created or are at inception. At Toppr, we are looking forward to driving the change — whether it is via teaching coding to school children or helping schools run completely online. We are open to collaborations with the center on accelerating this process and helping every Indian child an opportunity to make the best of the NEP.”

 

How can Edtech Startups make the most of an impending boom?

"While the NEP comes during the pandemic, we still have to realize that schools, colleges and universities are still closed and many children have lost many months from their academic calendar. While the elite can afford a subscription to one of these edtech apps, high speed internet and smartphones/tablets or laptops required to access the platforms, there are many underprivileged children in the society for whom access will remain a distant dream. Edtech Startups who are able to solve this equation will give themselves strong leverage going forward. A workaround could be to work with local authorities in providing underprivileged children the tools at govt. subsidized rates", feels Sinha.

Smartphone/Tablet Manufacturers also have the opportunity to build 'for education' devices pre-loaded with edtech apps, while internet service providers and mobile companies can bundle these services at a fixed fee to the end consumer. This can help in accelerating adoption whilst keeping costs to an acceptable level. The successful transitioning of an age-old model into a digitized, tech oriented process depends on industry stakeholders working together to create the right ecosystem. The hard part was to usher in the change, the next challenge will be to confirm it's sustainability.", concludes Praveen Sinha Jabong Co-founder.

 

No comments