Why is Finnish Edtech Booming?  

Finland appears to have the most edTech businesses on the list overall. This information merely serves to further demonstrate the strength and caliber of the Finnish EdTech market. So, in this article, we'll give you a quick rundown of the facts about the Finnish Early Childhood Education Curriculum and Finland's EdTech industry, outlining what makes it great and where it might be able to go from here. 

Recognizing Finland's Educational Technology Landscape 

We can recognize both international and local trends by analyzing the EdTech market. Regarding the global aspect, the data available indicates that we are dealing with a sector that, over the past year, has gone through a kind of golden age.  

 Schools that have had to heavily rely on technology to continue their educational activities have undoubtedly given the online education sector a strong boost as a result of the COVID-19 pandemic's contingencies. 

As a result, the growth projections for this specific industry seem promising. As it has been noted: 

• With a Compound Annual Growth Rate (CAGR) of 18.3%, the global education technology market share will reach $17.7 billion in revenue in 2017 and $40.9 billion in 2022. 
•  The Nordic-Baltic region, on the other hand, is one of the most active and advanced regions in the world when it comes to developing EdTech solutions, and we cannot help but emphasize this when it comes to the regional aspect. 

Overall, the EdTech scene is rapidly growing throughout the Scandinavian peninsula. In fact, the Nordic nations have made significant investments in educational technology. 

A very strong local business community has emerged as a result of these investments. Data from Silicon Vikings indicates that 323 technology startups were part of this community in 2018. 

There are a number of reasons why such small nations are so competitive on the global stage in this sector. One of the most significant is an established pedagogical tradition centered on students' emotional and cognitive development at all levels of the educational process, as it is mentioned in this excellent overview of the Nordic education technology industry by Ashmeet Singh.  

However, the capacity to combine pedagogy and technology is a crucial additional factor. According to Singh, the following are some of the reasons why the Nordic countries have been successful in the EdTech sector: 

Their willingness to accept technology in the classroom. In order to empower students and foster social-emotional development, schools are embracing technology. Education in nations like Finland, Sweden, Denmark, and Norway is not about "getting the best grades," but rather about having fun and working together.  

In this regard, the Finnish EdTech industry has merely adopted and developed two important ideas from the national educational system, namely, a strong tradition in pedagogical research and the constant experimentation in educational methods, with a particular taste for creative methods to integrate learning and technology.  

The Future Of Education Is The Present in Finland 

William Doyle, a Fulbright scholar, was impressed by the effectiveness of the Finnish educational system after serving as a lecturer on media and education at the University of Eastern Finland. As he later penned in a piece for The Washington Post: 

"I've been to the school of the future. It is in Finland." 

Doyle's testimony is an account of his own life that is based on research and evaluations of the top educational systems worldwide. In reality, the Finnish educational system has improved over time and now ranks among the best in the world, according to international rankings.  

A-Top-Notch-Education-System 

Its level of competition has not changed over the years. For example, out of 138 countries, the World Economic Forum ranked Finland's primary school system as the best in the world in 2016–2017. Out of 141 nations, Finland was ranked 11th in the World Economic Forum ranking between 2018 and 2019. 

Finland has drawn the attention of international education professionals after becoming recognized as a country that leads the world in education. In fact, a quick Internet search will turn up a ton of articles with titles like "Why is the Finnish school system so good?"  

In this situation, we want to make an effort to answer this question in a straightforward but thorough manner. The following components can be broadly thought of as determining factors for the quality of education offered in Finland at all school levels. 

• a student-centered approach that is customized. 
• education policies that are data-driven. 
• periodic updating of national education policies based on research. 

• giving teachers, who are highly skilled education professionals, a great deal of autonomy and responsibility. 
• putting a lot of effort into creating learning environments and modernizing educational facilities. 

A booming EdTech industry 

The Finnish education technology sector has been successful in creating a framework that can produce educational materials built on the highest standards of pedagogical rigor and cutting-edge technological expertise.  

The best practices found in the country's educational system have been made available to Finnish EdTech companies, who have also benefited from a socioeconomic environment that fosters productive cooperation between the public, private, and research sectors. 

One of the strongest EdTech landscapes in Europe has benefited greatly from the interaction between the public and private sectors. In actuality, as has been mentioned: 

The significance of Public-Private Partnership in EdTech Innovation is the secret to Finland's success. The Finnish EdTech ecosystem is very outspoken about how innovators, educators, and governments can work together to create useful products. The five largest cities in Finland are currently establishing a framework where cities and schools serve as innovation hubs for new educational technology.  

What makes Finland's Edtech sector so distinctive 

In Finland, there were about 81 EdTech startups as of 2019. A further indication of the industry's dynamism is the fact that many of them have been successful in luring funding from both domestic and international investors. 

The COVID-19 pandemic's explosive growth has served as a test case for this industry's resiliency. Finnish businesses have demonstrated their resilience in this situation, pooling their resources and providing efficient digital learning solutions globally.