Kaplan EdTech Accelerator’s Demo Day Showcases 10 Innovative Ed-Tech Companies for Investors and Education Influencers
The Kaplan EdTech Accelerator, powered by Techstars, graduated its inaugural class of 10 startup companies today in a presentation to an exclusive audience of angel and venture investors and education industry influencers. The Accelerator’s “Demo Day” event took place this morning at The IAC Building in New York City.
This is Techstars’ first education-focused accelerator and the first such initiative sponsored by Kaplan, Inc., the global education company known for its test prep, higher education, and professional training programs and services.
The 10 startups—chosen in June from more than 350 applicants—worked over the past three months at Kaplan’s New York City offices, in an intensive business development program, mentored by a select group of more than 80 Kaplan executives and technology experts. Their startup businesses address challenges across the broad spectrum of education, including K-12, higher education, professional education, lifelong learning, and career and work readiness.
“Education will change more in the next decade than it has in the past hundred years and we’re very excited to have helped nurture these 10 companies who are at the vanguard of this transformation,” said Andrew Rosen, Kaplan Inc. Chairman and CEO. “The last three months have been instructive for these entrepreneurs aiming to solve the great challenges facing educators and students today. The experience has been equally instructive for our own teams in sharing the ‘startup’ mindset that is so important to every company’s continued growth and success. All of us were startups at one time and it is important to always keep that energy and vision as part of the company culture.”
The companies presenting today are:
Each start-up company has already been successful in raising some of the total funds they hope to gain from their introduction to investors today during “Demo Day.” In addition, Kaplan’s own education businesses have separately agreed to partner with some of the start-ups on new initiatives, including a pilot by Kaplan Test Prep’s Health unit to use Verificient Technologies’ ProctorTrack to monitor 60,000 NCLEX practice test takers and a pilot to make Uvize’s community product available to 2,000 Kaplan University students who are active-duty military or veterans.
Kaplan, 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 program, 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.
Techstars 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 eight locations: Austin, Boulder, Boston, New York, Seattle, Chicago, London (UK) and the Cloud program in San Antonio. In addition, Techstars offers the same successful model to corporations such as Nike, Microsoft and Kaplan, Inc. as "powered by Techstars" programs.
Ken Brown, 212-974-6228
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