Singapore edtech GIFT.ed gets $1m from IMC Pan Asia Alliance

IMC Pan Asia Alliance has invested $1 million in GIFT.ed, a new Singapore-incorporated edtech firm from the Global Institute For Tomorrow (GIFT).

The company, also announced that it has engaged a CEO with two previous exits and is growing its personnel and platform.

Chandran Nair, GIFT Founder, and GIFT.ed Chairman said there has been a need to radically rethink global economic systems has been apparent for 10 years.

“The pandemic has brought existential threats and societal challenges to the fore and generated a fresh impetus for change,” Nair added saying the company is committed to solving these challenges through disruptive e-learning, which empowers users with insights and understanding to redesign society.

GIFT.ed expands on GIFT’s more than a decade of creating and delivering purposeful leadership learning for Fortune 500 companies, government agencies, and huge Asian conglomerates.

A rich content ecosystem will support the site, including GIFT’s internationally recognized curriculum, publications, and firsthand insights from field initiatives in major development areas like agribusiness, healthcare, finance, and water.

To boost user engagement and promote the offline application of online learning, the platform will combine an easy design and rich multimedia immersion with high-impact blended learning.

Proprietary technology will link organizational goals and individual interests with relevant information to build individualized learning routes for learners.

GIFT.ed CEO Janet Teo oversees operations from GIFT’s regional office in Kuala Lumpur, which opened in 2016. Janet’s previous firm, a regional pioneer in Conversational AI, was bought by Everise, a global experience company, in 2018. Curriculum design, sustainability and environmental science, behavioral psychology, UI/UX design, and product management are among the skillsets of GIFT.ed’s founding team.

In a statement, Teo said the “time is right” for GIFT.ed with the globe yearning for solutions to environmental concerns and the corporate e-learning industry expected to exceed $40 billion by 2025.

“It will be a cutting-edge platform dedicated to upending the narrative and encouraging millions of people to make a difference,” Teo added.

Chris Yap, AITIA Institute’s Executive Director, said their goal is based on three pillars: research and education, consulting, and organization transformation enablement.

Yap added they are “ecstatic about the platform’s ability to grow and impact in building future-ready leaders in this new era of well-being”.