Kaplan, Inc., the global education services company and largest subsidiary of Graham Holdings Company (NYSE:GHC), and Techstars, the global startup accelerator, jointly announced today they are accepting applications for the 2014 class of the Kaplan EdTech Accelerator, powered by Techstars.
Ten technology startups—focused on all areas of education, including K-12, higher education, professional education, corporate training and lifelong learning—will be chosen to participate in an intensive three-month, mentor-led business development program in New York City from July 25 to October 22, 2014. Applications are available at www.kaplanedtechaccelerator.com and due by May 5, 2014.
In 2013, the first Kaplan EdTech Accelerator served as the launching pad for these innovative, successful edtech companies: Degreed, Flinja, Mathify, MentorMob, Modern Guild, Newsela, panOpen, Ranku, Uvize, and Verificient Technologies. The entire inaugural class has or will soon close a post-program funding round and to date has raised more than $10 million in funding.
For the upcoming program, Techstars will invest $20,000 and Kaplan will offer a $150,000 convertible debt note to each selected company as well as office space and facilities. The startups will be mentored by several dozen industry leaders, including Kaplan, Inc. Chairman and CEO Andy Rosen, Techstars founder and CEO David Cohen, Graham Holdings Company Chairman and CEO Don Graham, noted venture capitalist and Foundry Group Managing Director Brad Feld, and many notable founders of edtech companies, including Jose Ferreira of Knewton and Jeremy Johnson of 2U.Additionally, the startups gain entrée to specialized resources—including Kaplan’s proprietary learning products that leverage the latest advances in cognitive science, instructional design, and technology—and extensive industry connections. Kaplan has tremendous reach in education, serving more than one million students annually, relationships with 300-plus U.S. school districts, more than 1,000 university partnerships worldwide, and thousands of corporate customers.