Mo Money Still No Business – ENT #23 July 16th to July 22nd 2012


1. Mo Money Still No Business - ENT #23 July 16th to July 22nd 2012     

Course Hero acquires Cardinal Scholars from InstaEDU

After pivoting into an online tutoring service, InstaEDU sold its offline branch Cardinal Scholars to another startup in the education space, Course Hero. This way InstaEDU will be able to entirely focus on the growth of its online services whereas Course Hero can integrate a trusted and apparently working business into its offerings.

via TechCrunch

Wallstreet Institute launches Facebook Game

Pearson owned Wallstreet Institute launched AppGrade, a Facebook game that aims to teach English through adapted articles of the Financial Times. The game is part of WSIs product suite ForToday which includes learning material based on Financial Times articles, classes that are based on these articles and a free access to

via PRNewswire

UK plans free access to scientific research by 2014

The government plans to give free access to publicly funded research via the Internet. This access will be granted to universities, companies and individuals no matter where they are located. Though academics are open to this new model, they are concerned that no money will be given to finance the transition. The cost is estimated at £50m per year which need to come out of the existing science budget, eventually leading to less research and hence less valuable papers.

via The Guardian

Coursera raises $6m and adds new universities

The new funding round brings the total raised to $22m. Among the new universities is the first non-US partners with the University of Edinburgh, University of Toronto and Ecole Polytechnique Federale de Lausanne. In an interview with GigaOm Andrew Ng gave some hints on how the startup is planning to monetize its platform. According to the article possible revenue could be earned by matching students with potential employers or charging students for certificates from partner universities.

via GigaOm

German Papagei.TV enters the language learning space

A new startup in the edutainment sector enters the market with a undisclosed “two-digit” million funding by Carsten Maschmeyer, one of Germany’s richest people. From the start Papagei.TV is offering desktop, tablet and mobile learning solutions based on movie and entertainment clips from Warner Bros., Reuters and the BBC. The platform is also the official language learning tool of Germany’s Olympic team.
Similar to startups like English Attack! or English Central, learners watch movie clips or other videos and then interact with the content by taking quizzes, checking pronunciation etc.

via GigaOm

President Obama proposes $1b for elite STEM teacher corps

The program plans to reward high performing teachers in math and science with salary stipends and is part of a long term plan to encourage education in high-demand areas.
Teachers who take part in the Master Teacher Corps will earn an extra $20k per year but must also agree to participate for multiple years. The hope is that those master teachers will eventually share their skills with other teachers around them, raising the overall quality education in the schools.

via AP

Edmodo raises another $25m

The new round brings the total funding to $47.5m and the funding will be used to enhance Edmodo’s products and to support its users. In the past year Edmodo’s userbase more than doubled from 3 to 8 million users and the platform is now being used in 85 of the 100 top US school districts.

via GigaOm

WizIQ launches iPad App

WizIQ announced last week the launch of its iPad app for its virtual classroom. The app enables students to attend live classes and asynchronous content like presentations and videos from their iPad. An Android application will follow, soon.

via WizIQ

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Kirsten Winkler is the founder and editor of EDUKWEST. She also writes about Social Media, Digital Society and Startups at