How virtual schools will lead the ‘next normal’

For some industries, 2020 was a boon to business. Their vision and innovative thinking were finally acknowledged and given the attention they deserved. One of them is education–specifically online learning and virtual schools.

Online learning is growing rapidly and is well-positioned to be the next big thing in education. In fact, virtual schools are on track to be an increasingly popular choice among students and parents even after they get the green light to go back to traditional, in-person instruction.

Teachers, too, see the benefits. Why is it becoming so popular, despite concerns over excessive digital screen time? What do virtual schools have to offer in our “next normal,” outside of helping everyone avoid exposure to COVID-19?

Wall Street approves, industry sees cash infusion from investors

The global edtech market is expected to reach $285.2 billion by 2027, growing at a CAGR of 18 percent from 2020 to 2027. Recent reports show that investments in edtech startups reached $2.2 billion last year–a 30 percent increase from $1.7 billion in 2019.

Funded by such marquee-name investors as Andreessen Horowitz and Union Square Ventures, edtech startups–whose technology underpins the infrastructure of many virtual schools–found a silver lining in the pandemic and used it as a springboard to develop and market new innovations. Video conferencing platforms like Zoom and Google Meet, used now by traditional-turned-online schools, continue to rise in popularity, too. In fact, Zoom’s stock spiked almost 400 percent last year, as reported by The Motley Fool.

About the Author:

During his teenage years, Garrett Smiley co-founded two non-profit organizations: Drops of Love (dedicated to building wells for clean drinking water in developing nations), and FLiP (teaching financial literacy skills to children in the foster care system in Atlanta). When Garrett’s school
refused to give him excused absences or course credit for these experience-based real-life learning projects, he realized that he wanted to start a school that would inspire kids to pursue their passions and make a bigger difference in the world.

Sora is an online, project-based high school where students explore their interests, learn in whatever style is best for them, and gain valuable exposure to future careers and fields of work. Sora has a vibrant community of passionate students, teachers, and professional mentors who help students focus on their mission and purpose to be lifelong learners.

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