When it came to looking for an accelerator program to help get their startup off the ground, edtech entrepreneurs used to be out of luck, unless they landed a spot in one of Imagine K-12′s startup classes.
Not the case anymore! This month alone, Boston’s LearnLaunchX and New York City’s Socratic Labs launched their accelerator programs, and education giants Kaplan and Pearson announced their own this week.
The Kaplan EdTech Accelerator, powered by TechStars, is a three-month program based in New York City, whose first iteration will run from June to September of this year. Teams selected for the program will receive $20,000 in seed funding, introductions to angel investors and VCs, and access to Kaplan’s network of schools, students, as well as other tools and research.
According to their press release, Kaplan’s qualifications for applying for the program are fairly loose. Qualifying companies include “any startup that harnesses the latest learnings from the fields of science, instructional design, and technology to support the development of highly effective, evidence-based learning products.” TechStars states, “Teams aren’t limited to traditional classroom education nor K-12. We’re looking for teams that are thinking outside of the box on a big scale.”
Pearson Catalyst is another three-month incubator program for startups. This program will start in mid-April, selecting 10 edtech startups to match with Pearson’s brands to deliver pilot programs and offer access to Pearson’s resources and product experts. Unlike Kaplan, Pearson Catalyst doesn’t have investors lined up to purchase equity in any of the edtech companies, but startups selected to participate receive access to Pearson executives and product experts, a presence at an upcoming Pearson demo day in November of this year, and a $10,000 stipend for travel.
“Pearson Catalyst reflects our desire to be more open and work with forward thinking companies to solve the biggest challenges in global education,” said Diana Stepner, Head of Future Technologies at Pearson. “We believe the future of learning is digital, personal and driven by data – and bringing together Pearson and startups is the perfect combination to build the best future of education today.”