👷🏽♀️ Work Integrated Learning Solutions, Paris & New York Summits, & 2024 AI Survey.
Pressure mounts on universities to provide work opportunities for all students, with digital solutions offering novel options, with employers using WIL to build their talent pipeline.
Happy Monday 👋
There is increasing pressure on universities to integrate practical work experiences within formal education programs, a service that has traditionally been hard to scale. Digital solutions now offer higher education institutions a range of options that can be incorporated into on campus, hybrid and online programs, from work experience undertaken in person, hybrid or fully online, to co-op programs or simulated work projects. Last week's acquisition by EAB of virtual job simulation startup, Forage, illustrates how work integrated learning solutions are increasingly being used by employers to build their talent pipeline.
This Week's Topics
👷🏽♀️ Work Integrated Learning. Unpack the digital solutions for WIL with HolonIQ's market map
🧠 Annual AI in Education Survey. Early results see more institutions successfully deploying AI, and efficiency being a key driver for adoption
📖 2024 Education Outlook. 180+ pages of trends, insights, and data
🇫🇷 Paris and New York Summits. Deep dive into HE futures, new models and digital integration, micro credentials, digital learner experience & more
💰 Education Deals of the Week. Funding, M&A and grants
Don't forget to check out the 2024 Global Education Outlook and sign up for our new Daily Newsletters, Chart of the Day and Impact Capital Markets. For more information about how HolonIQ supports Higher Education, request a demo.
👷🏽♀️Work Integrated Learning
HolonIQ maps the global market of work integrated learning solutions, which is segmented into various models, from project-based activities facilitated by companies such as Practera or Crio.Do, by connecting students with real-world projects offered by organisations. Simulated and immersive learning experiences, provided by companies such as InSium or Pixaera, replicate real workplace scenarios within academic settings, while Internship opportunities from companies such as Forage, InternMatch and Riipen contribute to practical exposure, whether offline or virtual. Cooperative programs formally integrate academic study with paid positions, and clinical placements offer students the required professional experience with oversight from licensed professionals. WIL models extend into formal job scenarios like apprenticeships offered by companies such as Apprentify and Apprentigo, serving as a synthesis of classroom education with industry-specific skills and industry experience.
Work Integrated Learning Solutions - Market Map
Higher Education Summits - Paris & New York
Join us in 🇫🇷 Paris on June 27 for this year's Future of Higher Education and Workforce Summit and connect with Higher Education Leaders from across Europe and around the world. NEOMA Business School is our hosting partner this year, and we'll meet at the school's Paris campus, located in the dynamic Butte-aux-Cailles district.
Registration for our flagship Back to School Summit in New York, September 10-11 is now open. This year, we're bringing over 500 global education leaders together for three incredible tracks; Higher Education and Workforce, Foundation and Philanthropy, and Technology and Finance.
🧠 Participate in HolonIQ's Annual AI in Education Survey
Interim results of this year's annual AI in Education Survey show a marked increase in education institutions that have invested and successfully deployed artificial intelligence. Cost savings resulting from automation is one of the top reasons for adoption of AI. Participate in the Survey to receive the report.
📖 2024 Global Education Outlook
HolonIQ's annual analysis of the global education economy offers over 180 pages of in-depth insights on market data, investments, strategic shifts, and trends in education. Download the extract or purchase the full report.
💰 Education Deals of the Week
HolonIQ actively monitors and tracks funding flows in the education market, spanning across all regions and transaction categories. Subscribe to our Daily Capital Markets newsletter to catch the top deals each day.
Funding
💵 Summer, a US-based provider of an end-to-end workplace student loan solution, has raised $9 million in funding.
🧑💻 PETE, an AI-based course creation platform for workforce training, has secured a $2 million seed round.
🧠 Newly launched EdTech Superintelligent, a platform that teaches people how to use AI tools, secured $2 million in pre-seed funding.
🌏 US-based Adro, which aims to make financial services more accessible for international students and workers, has secured $1.5 million in pre-seed funding.
🧑💼 Brazil based Ada, a company helping solve the employability gap in the technology sector, has raised an undisclosed amount in a seed round.
M&A
🏫 EQT, a Swedish investment fund, to acquire a majority stake in Universidad Europea from Permira, who will retain a significant minority stake in the company. Universidad Europea is a higher education institution based in Spain and Portugal with over 12 campuses.
🧑🏫 Keystone Partners has acquired the Center for Executive Coaching (CEC), a executive coach certification and training provider.
📱 UK based apprenticeship provider Multiverse has acquired Searchlight, a talent intelligence and skills assessment platform that utilizes AI to assist companies in closing their skills gaps.
💼 EAB to acquire Forage, the virtual job simulations provider, into its suite of solutions to bridge college to career gap.
🏡 Canada Pension Plan Investment Board (CPP Investments) has announced the acquisition of Nido Living, a European purpose-built student accommodation (PBSA) provider, to establish a new real estate investment and operating platform.
University Grants
🇲🇾 Collaborative Research in Engineering, Science, and Technology (CREST) received a $6.3 million government grant to address the talent gap in aerospace and medical device industries.
🇺🇸 UT-Rio Grande Valley received a $5 million federal grant. This grant is part of a $93 million initiative funded under the U.S. Department of Education’s Research and Development Infrastructure (RDI) program.
🇺🇸 The City University of New York's York College Department of Teacher Education received a grant of nearly $1 million for the professional upskilling program for teachers.
🇬🇧 The University of Brighton Design Archives will receive $398,000 from the Research England Museum, Galleries, and Collections Fund, to maintain its design archives.
Thank you for reading. Have a great week ahead!
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