Dive Brief:
- Monday saw the launch of the Jefferson Education Accelerator by the University of Virginia Curry School of Education Foundation and USA Funds, with $11 million committed to the partnership.
- As part of its mission, the accelerator will assemble a network of K-12 schools and higher education institutions from across the U.S. to test products and services that show potential, according to a press release.
- In order to ensure a rigorous selection process for services and products, the Curry School of Education will be partnered with the accelerator, with a faculty review board participating.
Dive Insight:
For the most part, the Jefferson Education Accelerator isn't unlike other accelerators in that it will provide investment capital to selected ventures, receive a portion of equity, and make support and guidance from experts available.
Still, with so many accelerators and incubators out there (there is a difference), it's a good time to be in ed tech. Even Pope Francis has one now! And while there is currently no shortage of promising education startups, is there a point where there are too many accelerators and incubators in the space? And if so, what is it?
