Thursday, June 27, 2013

Education giant Pearson debuts the first class of its virtual ed tech startup accelerator — Tech News and Analysis

Education giant Pearson debuts the first class of its virtual ed tech startup accelerator — Tech News and Analysis:

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education technology
photo: OHiShiapply
SUMMARY:
Pearson Catalyst, the new ed tech startup program launched by publishing company Pearson, has announced the companies in its inaugural class.
Pearson, the U.K.-based educational publishing powerhouse, is getting ready to take its first class of ed tech startups under its wing. On Thursday, the company announced the inaugural class of its new accelerator program for ed tech startups, Pearson Catalyst.
In the past few months, plenty of other ed tech-only accelerators have opened their doors to startups, including Kaplan’s TechStars-powered program and Socratic Labsin New York. But Pearson’s program differs in a few key ways. For starters, it’s virtual, meaning that startups meet with mentors and receive training via video conference, telephone and email (its demo day is in-person). And, Pearson doesn’t take an equity stake in companies. Accepted startups get $10,000, support from Pearson