Dive Summary:
- Kaplan and TechStar have announced they will launch the Kaplan EdTech Accelerator and invest in education technology startups in a bid to stay ahead of the competition and bring ed tech innovation to a wider audience.
- Kaplan and TechStar plan to pick 10 education startups to undergo a three-month mentoring process and business development program.
- Kaplan will provide mentorship, market insights and access to feedback from 1 million students and 10,000 educators; Kaplan will not own or control the startups while TechStars will supply the funding and invest an initial $20,000 in each startup team.
From the article:
"... As to those aforementioned resources, the accelerator will be providing seed capital from TechStars, along with the requisite mentorship from top entrepreneurs, investors, experts and Kaplan executives, co-working space and a Demo Day, which aims to help connect teams to investors. In terms of what Kaplan brings to the table, specifically, the company says that it will provide its startups with access to market insight and a feedback loop from its base of one million active students and 10,000+ instructors, as well as the ability to interface with decision-makers as part of Kaplan’s relationship with 300+ U.S. school districts and 20+ university partners. ..."
