Virtual trade missions

Ed Tech opportunities in the following key markets are starting to emerge, particularly in the integration of pedagogical content.

There is also demand in terms of developing online learning capabilities, and all of these markets have a large number of international schools.  They represent a global hub when it comes to transnational higher education and foreign branch campuses.

Schools and higher education institutions in the region are looking for solutions to help shift traditional campus-based learning to digital learning and the holistic development of students. There are growing opportunities for EdTech firms to assist regional education providers to:

• meet technology-driven skill requirements
• build a modern set of competencies for the new industrial age
• increase employability in the digital learning environment.

A global hub for transnational higher education and foreign branch campuses

These markets are a global hub when it comes to transnational higher education and foreign branch campuses. Schools and higher education institutions in the region are looking for solutions to help shift traditional campus-based learning to digital learning and the holistic development of students. There are growing opportunities and competition among foreign institutions, and EdTech firms to assist regional education providers to meet technology-driven skill requirements, build a modern set of competencies for the new industrial age, and increase employability in the digital learning environment.

Coronavirus (COVID-19) has fast-tracked the implementation of digital transformation within all levels of the education sector in Southeast Asia.

Indonesia, Malaysia, Thailand and Vietnam will be our focus for this VTM – each representing markets with immediate needs and opportunities that offer strong growth opportunities, largely due to their significant market size.

Indonesia

Indonesia is the largest economy in Southeast Asia, and one of the countries with the highest number of internet users in the world.

Out of the country’s population of 267 million people, in the second quarter of 2020 there were 171.2 million active internet users in Indonesia.

According to a report published by theravenry.com, the size of the EdTech market in Indonesia was estimated to be worth US$112 million in 2019 and to grow at 24.9 per cent annually, largely due to the size of the students and learners, the growing middle-class and the number of unskilled workers in the country.

Indonesia has over 60 million active students requiring access to online learning during and after the pandemic, and there is a shortage of 56 million skilled workers who will need to be trained by 2030.

Thailand

Thailand is the second largest economy in Southeast Asia with a population of almost 70 million people.

Following the introduction of the Digital Thailand plan, the Thailand 4.0 economic model and various other government implementation strategies, the Thai Government places high importance on the development of the digital and technology sector in the country.

Thailand also has the 18^th highest number of internet users in the world, and a third of Facebook users in ASEAN, after the Philippines and Vietnam.

Vietnam and Malaysia

Vietnam and Malaysia are also markets with great potential for Victorian EdTech providers. With a strong TNE presence, and with international borders being closed to many western countries, the TNE establishment is expected to continue to grow.

Applications are being sought from companies in:

• K12
• Higher Education segments
• Career transition/support.

The EdTech Mission to Southeast Asia is free-to-attend for all Victorian education professionals and potential customers in the target countries, and will provide participants with a bespoke Victorian program of:

• workshops
• roundtable discussions
• speaking engagements
• expert panel sessions.

The mission will focus on the concept of sharing knowledge and best practice, and provide a platform for Victorian EdTech firms to connect with government representatives, K-12 and higher education leaders and educators, as well as providing opportunities to engage in live panel discussions and network with speakers, local stakeholders, key figures and potential customers in the Southeast Asian ecosystem.

• Bespoke Victorian program consisting of of workshops, roundtable discussions, speaking engagements and expert panel sessions with government, local education leaders, and other agencies, school operators or influencers who direct school strategies and training.

Read Global Victoria's Terms and Conditions for VTM participants.