The University of Virginia announced the launch of a new edtech accelerator program. The Jefferson Education Accelerator will focus on edtech startups in the growth stage with at least $1 million in revenue and internal data that proves the service or product is working.
The accelerator takes equity in return for access to services including capital, consulting, research, pilots and mentoring. Over the long term Jefferson Education Accelerator has plans to become an independent quality control organization for the edtech market.
Jefferson Education Accelerator received an initial funding of $11 million by The Curry School Foundation and United Student Aid Funds and will operate as independent for-profit venture. It is led by Bart Epstein, former executive at Tutor.com.
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