An award-winning education technology business supported by Enterprise Europe Network has received a £1 million Innovate UK loan to expand cutting-edge capabilities on its e-learning platform.
Funding research has indicated that EdTech is likely to be one of a few sectors to benefit from the disruption caused by the COVID pandemic.
OBRIZUM® Group is continuing to raise finance from external investors in a second round of fundraising begun earlier this year, with strategic support from EEN innovation adviser Penny Lord. She has also been advising the company on environmental policy and recruitment.
Applications for Innovate UK loans are competitive, aimed at companies with game-changing innovations that will significantly improve the UK economy.
The Cambridge-based company’s AI-powered technology platform takes an innovative approach to eLearning for its corporate clients. Applicable globally in any sector, it aims to cater for all digital learning, development and customer education needs.
Dr Chibeza C. Agley, CEO of OBRIZUM® Group, addressing the recent EdTechX Online Summit Europe, said: “Digital learning providers not only have the capacity to support companies in retraining and reskilling in response to the COVID crisis but a responsibility to do so.
“Innovations in digital learning can help companies adapt to the huge changes induced by the pandemic and assist them in powering economic recovery.”