Arizona State University Partners with Leading Investors to Pilot and Certify New Learning Technology Ventures

At the ASU GSV Summit, Arizona State University (ASU) announced it is joining leading venture capitalists and investment advisors to source, fund, pilot, and credential higher education technology companies. The ASU Draper GSV Accelerator will provide product validation and executive education focused on how to partner with universities, helping learning technologies enter the market quickly. It will also provide financial capital, mentorship, and access to investors’ networks.

This project is being led by the following:

* Arizona Technology Enterprises (AzTE) – the exclusive intellectual property management and technology transfer organization affiliated with Arizona State University (ASU), the top ranked university for innovation by U.S. News & World Report

* Draper Associates – the San Mateo, CA-based early stage venture capital firm founded and led by Tim Draper. Draper’s education experience includes founding Draper University, an innovative boot camp in Silicon Valley for entrepreneurs. Draper University offers immersive residential, online, and executive sessions, and will initially partner with the Accelerator on an executive training session in fall 2016.

* Global Silicon Valley (GSV) – the principals of GSV have built and supported the establishment of an entrepreneurial ecosystem in education and talent technology for the last 20 years. They published The Dawn of The Age of Knowledge, the first education sector investment white paper in 1996, and have built a platform focused on scaling innovation driving a high return on education. In partnership with Arizona State University, they co-founded the ASU GSV Summit, an annual celebration of scaled innovation and innovators that has grown from 240 attendees in 2010 to 3,550 in 2016.

Companies accepted into the program will have the opportunity to integrate their technology at ASU and have their services tested and validated by faculty, staff, and students. Upon program completion, companies will be issued a certification of market preparedness, indicating to colleges and universities that the product is immediately viable for adoption and use.

Tim Draper comments, “Together with ASU and GSV, we are excited to find, invest in, and mentor the most promising young companies that can transform higher education. ASU is a true innovator — ranked the No. 1 innovator in the nation — and an ideal partner to work with to help transform education. Along with ASU, GSV continues to impact education with their premiere ed-tech conference.”

For more information on the ASU Draper GSV Accelerator, visit them online.

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