|[February 18, 2013]
Kaplan Announces EdTech Startup Accelerator Program to Empower Innovative Education Companies
NEW YORK --(Business Wire)--
Kaplan, Inc., the global education services company and largest
subsidiary of The Washington Post Company (News - Alert) (NYSE: WPO), announced today
the launch of the Kaplan
EdTech Accelerator, powered by TechStars, an intensive three-month
mentoring and business development program for 10 startup companies, in
collaboration with TechStars,
a nationally recognized startup accelerator.
The Kaplan EdTech Accelerator will select startups using technology to
create products and services across the broad spectrum of education
including K-12, higher education, professional education, lifelong
learning, and other areas. TechStars will invest $20,000 in each company
accepted into the program.
The Kaplan EdTech Accelerator is the first corporate sponsored
accelerator focused exclusively on the education sector, using
TechStars' mentor-driven, deep immersion model. TechStars has completed
15 accelerator programs and its selected companies have attracted more
than $285 million in funding in the past six years.
The Kaplan EdTech Accelerator will host the startups, to be chosen by
application, at its offices in New York City's West Village neighborhood
from June to September 2013. They will be mentored by industry leaders,
such as Kaplan, Inc. Chairman and CEO Andy Rosen, TechStars founder and
CEO David Cohen, Washington Post Company Chairman and CEO Don
Graham, noted venture capitalist and Foundry Group Managing Director
Brad Feld, and many notable founders of ed-tech companies, including
Jose Ferreira of Knewton and Eren Bali of Udemy.
Additionally, Kaplan will provide the startups with office space and
facilities, and other resources as they work to build their companies
and products. This support includes access to Kaplan's proprietary
"Kaplan Way for Leaning" program, which harnesses the latest learnings
from the fields of science, instructional design, and technology to
support the development of highly effective, evidence-based learning
products. Kaplan also has tremendous reach in education with more than
one million students enrolled annually, taught by 10,000-plus
instructors globally, relationships with 300-plus U.S. school districts,
more than 20 university partners worldwide, and thousands of corporate
The program will culminate in Demo Day, when the startups' founders will
present for an elite group of angel and venture investors and education
industry influencers, with the goal of securing funding to grow their
"We're thrilled about partnering with TechStars to launch the Kaplan
EdTech Accelerator," said Andy Rosen, Kaplan, Inc. chairman and CEO.
"Kaplan's mission is to provide students around the world with the best,
most efficient means to achieving their educational goals. Ongoing
cultivation of new innovations from all across the sector-in ways like
this accelerator program-is embedded in our company's history."
From its start, Kaplan has pioneered notable education innovations. It
has, for example, launched the first wholly online law school in the
U.S.; built its online university into one of the country's largest
higher education institutions; and, more recently, created mobile
delivery systems for its test prep and professional education customers,
a new prior learning assessment service for adult learners, and an
innovative, large-scale online instructional platform, KAPx. Kaplan will
be making available as mentors several of those Kaplan professionals who
have driven many of these innovations.
The application deadline is April 14, 2013. Selected companies will be
contacted in late April, and the program will begin in June. Further
details and the application for the program are available at KaplanEdTechAccelerator.com.
Inc. is a leading international provider of educational and career
services for individuals, schools, and businesses. Kaplan serves
students of all ages through a wide array of offerings including higher
education, test preparation, professional training, and programs for
kids in grades K through 12. Kaplan also operates an active venture
capital fund, Kaplan
Ventures, which invests in and supports early-stage education
companies. Kaplan is a subsidiary of The Washington Post Company (NYSE:
WPO) and its largest division. For more information, please visit www.kaplan.com.
was founded in 2006 and is backed by over 75 different venture capital
firms. Consistently rated the #1 startup accelerator in the world,
TechStars executes an intensive 90-day, mentorship-driven program for
entrepreneurs. For each program, ten companies are selected from a large
pool of applicants. The selection rates for a TechStars program are
lower than an Ivy League school at 1%. TechStars offers programs in six
locations: Boulder, Boston, New York, Seattle, Chicago, and the Cloud
program in San Antonio. In addition, TechStars offers the same
successful model to corporations such as Nike, Microsoft (News - Alert) and Kaplan,
Inc. as "powered by TechStars" programs.
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