
What makes sports technology investible?
How do you strike a balance between passionate people and solid business experience in a sports tech startup?
Science, technology, engineering and mathematics (STEM) graduates are in increasingly high demand. So much so that many countries around the world are working to boost enrollment in STEM higher education – because skilled graduates are needed across technological and computer science sectors.
In the US, the Bureau of Labor Statistics reports that STEM occupations have grown 79% in the last three decades, with an additional 11% of growth expected between 2020 and 2030. The number of jobs in STEM is growing twice as fast as non-STEM careers – and the median annual wages for STEM roles are markedly higher than non-STEM occupations.
In the Middle East, STEM professionals are very rapidly becoming the most in-demand in the region – and private and public universities are developing new opportunities for students interested in the field.
And in Africa, there’s a growing emphasis on the critical importance of STEM education to meet future employment demands. The continent has an estimated 675,000 STEM graduates entering the job market every year; but according to the World Bank, around 2.5 million more engineers are needed in sub-Saharan Africa, in order to address the region’s development challenges.
Data collected by the UNESCO Institute for Statistics found that higher education students in Malaysia and Tunisia are most likely to graduate in a STEM field (out of all countries for which data was available) – with 43.5% of students in Malaysia, and 40% of students in Tunisia, receiving a related degree.
But although India has a lower percentage (34%) of STEM graduates, its higher overall population means that it’s actually producing the most STEM graduates in total.
The United Arab Emirates, Germany, Belarus and South Korea all produced over 30% STEM graduates. In general, the Arab world, Eastern Europe, and East Asia generate more educated STEM professionals than other regions.
Comparatively, Western Europe lags behind – with 26% of UK students graduating in STEM; 25% in France, and 23% in Spain. But the Americas fall even further behind – with 19.6% in the US and 17.5% in Brazil, for example.
There’s still a lot that can be done to increase interest in STEM education, and motivate students to work towards fulfilling and lucrative careers in STEM fields – with loads of potential for career progression and personal growth.
Governments and education providers can:
That’s where LEAP comes in. Inspiration is key to driving a rise in STEM graduates. And seeing the impact they could have in the real world – by absorbing firsthand experiences from leaders across tech sectors – has immense potential to drive inspiration and motivate a new generation of STEM professionals.
We welcome EdTech leaders and STEM students at LEAP – and it’s an ideal platform to cultivate mentorship opportunities, share knowledge, and enable young entrepreneurs to achieve their ambitions.
How do you strike a balance between passionate people and solid business experience in a sports tech startup?
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How do you strike a balance between passionate people and solid business experience in a sports tech startup?
We explore how artificial intelligence can make education more inclusive for students of all abilities and backgrounds – with collaborative, adaptive, and personalised learning.
Discover recent investments in cloud technology, AI and automation, and robotics – key growth areas in retail tech.