Polish start-up is one of the winners in the European IMPACT EdTech programme – the pooled investment fund is 5.6 million Euros
We now have the long-awaited list of 15 winners of the first IMPACT EdTech open call competition. Winners and the pre-selected finalists of the Remote Schooling open call competition were selected from 380 applications from 36 countries. An up-and-coming start-up from Poland – Photon Entertainment, has also been shortlisted. Everyone has a chance to receive up to €195,000 and additional €110,000 in equity-free funding, alongside business incubation, acceleration and mentoring. IMPACT EdTech is offering a total of €5.6m in equity-free funding to winning start-ups. The programme is divided into three open call competitions for start-ups and SMEs and run within the EU’s funding programme for research and innovation – Horizon 2020. The breakthrough EdTech solutions aim to break barriers in education and enhance the learning experience in a new era of human-centred digital education.
The company from Bialystok, Poland, has developed an innovative educational robot to teach programming. During the EdTech business acceleration programme, Photon Entertainment plans to develop tools to teach about the use of Artificial Intelligence. On October 19th, 2020 Photon Entertainment enters into the incubation stage that will last four months and starts with a training boot camp and mentor matching. On completion of the first stage, the best-performing programme participants will enter the acceleration phase.
– It is a great honour for us and a proof that we have chosen the right strategy – says Michał Grześ, CTO at Photon Entertainment. – We must ensure that educational institutions are ready for the AI revolution – year after year, Artificial Intelligence-based technologies become an intrinsic part of almost every aspect of our life. The educational solutions we plan to develop and present within the IMPACT EdTech programme aim to provide a better future for children and fully prepare them for the challenges of the future job market.
Photon Entertainment’s activities are currently aligned with Education 4.0 principles presented by the World Economic Forum. The company has developed the world’s first interdisciplinary robot and solutions that support learning competencies of the future at every stage of education.
– IMPACT EdTech programme is a huge opportunity for us to learn more about the world market needs – adds Marcin Joka, CEO at Photon Entertainment. – Participation in the IMPACT EdTech programme gives a chance to cooperate with ISDI Accelerator mentors and other dynamically developing EdTech start-ups from around Europe. New perspectives and exchange of knowledge will help us to better adapt our activities in various markets, and more importantly, in a broader context, to improve teaching standards in other countries.
The full list of winners of the first open call IMPACT EdTech competition is available here.