Recently, the 9th “ASU+GSV” global education technology summit was successfully held in San Diego of United States. As a high level education technology event in United States and globally, the summit was attended by people from various sectors including entrepreneurial elites, business leaders, education policy makers, philanthropists, distinguished educators, renowned university presidents, where cooperation opportunities and the latest trends in global education is explored.
Guest speakers of ASU+GSV this year includes George W. Bush, the 43rd President of the United States; Arne Duncan, shareholder of Emerson Collective and formerly United States Secretary of Education; Michael Moe, founder of GSV and renowned investor of Silicon Valley; John Kao, professor of Harvard Business School and author of bestseller while the number of attendees was close to 4,000, breaking the record of the event. Among the attendees were Mainland education organisations including New Oriental, TAL, CFCG, DaDaABC, Liulishuo（英語流利說）, Sunny Education（一起作業）. In-depth discussions were held on topics such as China's education market, Sino-foreign education cooperation, and local innovation models of China's education market, attracting the attention of the sector.
From left: AdiIgnatius, Editor-in-Chief of Harvard Business Review; He Qingrong, Deputy CEO of CFCG; 李玫, Dean of School of Entrepreneurship and Management of ShanghaiTech University; 黃琰, CTO of TAL, Rick Levin, former President of Yale University, 肖盾, joint founder of Sunny Education.
Business leaders discussed future opportunities in education and innovative forces converged in sessions dedicated to China
George W. Bush, the 43rd President of the United States, emphasized the importance of education development in the opening ceremony, “We hope to guarantee education opportunities for all and the quality of their education so that education equality is enhanced”. Arne Duncan, formerly United States Secretary of Education, gave an in-depth analysis of global education policy and development trend of education mobilization, saying there is a need to make use of these “new forces” in education.
Rick Levin, senior consultant of Coursera, formerly CEO and President of Yale University said, “China education enterprises are starting to have multifaceted cooperation with United States, while we also hope to enter the education market in China and seek more opportunities through various ways such as joint ventures.” Michael Moe, founder and CEO of GSV, also said, “China is full of opportunities and the future opportunities are in China”.
In this year’s event, China’s presence is seen in many ways: roundtable forum on “One Belt One Road”, dedicated exhibition area and sub-forum on China. The strategic layout of China’s education in investment allocation, management system, standard setting and teacher training, is gradually moving towards the “complete internationalization” of education.
Site visits to innovative schools promoting Sino-foreign education business exchange and cooperation
The overall education market scale of China is over US$13,000 in 2017 and the rapid growth is maintained at above 10%. The enormous size of the market in China provides a wider room of imagination for Sino-foreign education cooperation. In February this year, the British Prime Minister, Teresa May, signed a series of education cooperation agreements in her three-day first visit to China, ushering in opportunities for internationalization of education in China.
In order to promote Sino-foreign business exchange and cooperation as well as precise grasping of global education resources and to explore future education development models, CFCG launched “2018 new in-depth development - customized business development and financing services” during the ASU+GSV summit. In addition to participating in the global top education technology event, Mr. He Qingrong, CEO of CFCG and his team paid site visits to renowned innovative education organizations in San Francisco, Silicon Valley and San Diego, such as AltSchool, High Tech High and Design Tech High School, with quality education organizations and enterprises to learn and explore the new curriculum, products and schooling models of innovative schools.
The fourth from the right: Larry Rosenstock, Founder and CEO of High Tech High
During the visit to High Tech High innovative school, its founder Larry Rosenstock talked about the reason for founding the school. Before working on the school, he was a risk investor for 25 years in which he observed that machine automation and artificial intelligence are advancing and the changes that will bring about in the future are hard to imagine for all. At the same time, the new technology is eating away millions of job opportunities while the people we are nurturing today often falls into the same type. Upon seeing the wide gap between education and innovation, he realized we are developing children as future losers – they can only engage in low level jobs after graduation, which are replaceable by artificial intelligence. Therefore, he thought “Can I work on a school for the future?” and he founded High Tech High in September in 2000.
High Tech High follows the project-based learning approach (PBL). In the almost 18 years since the school is founded, a total of 18 schools have been established and produced fruitful results: 1.The average results of the students are 10% higher than that of the same district. 2. University admission rate of the students is 98%, which is almost all students are admitted. This illustrates PBL is highly likely to be a highly effective and more fun teaching approach with far-reaching implications.
The fourth from the left: Max Ventilla, the founder of Altschool
During the visit to Altschool, another innovative school, its founder Max Ventilla is in high geek spirit: “Almost all education innovators considered the future is a fast and unpredictable era in which technology will develop at an exponential rate and one is left with the choice of to change or not to, but one will not be able to catch up even if choosing to change. When all knowledge failed, only the way of thinking and individuality remained. Therefore, the approach of AltSchool is to create a self-adjusting learning platform through technology to nurture individuality and thinking. He also demonstrated his original business plans:
- Research on the schools’campuses and develop systems;
- Transform research results into products, work on a platform for United States and complete personalization of teaching;
- Promote the teaching approach and adapt to various schools globally.
Group photo in Design Tech High School
Group photo in Khan Lab School（可汗学院）
Group photo in ACDS（Almaden Country Day School）
Site Visit to GSV
Site Visit to ACDS（Almaden Country Day School）
The enormous size of China’s education market provides ample room of imagination for Sino-foreign cooperation. In recent years, cooperation between overseas education enterprises and that of China is becoming more frequent. Introduction of quality education resources and establishment of authoritative international cooperation has also become important means for educational enterprises of China to broaden their global market. CFCG will also leverage its strategic layout in education and finance to actively connect with and integrate global education resources, providing diversified services to education enterprises at home and abroad.