Small business grant programs act as seed funds for ed-tech startups.
Teachers believe science instruction can be improved by integrating the subject with other academic areas, and encouraging in-depth, independent learning, a report by the NewSchools Venture Fund says.
The major philanthropy misread “the level of resources and support required for our public education systems to be well-equipped to implement the standards,” wrote Sue Desmond-Hellman, CEO of the Bill & Melinda Gates Foundation.
Sara Allan of the Bill & Melinda Gates Foundation, a major grant-making force in K-12 education, talks about how digital providers can push for both innovation, and scale, in schools.
The Small Business Innovation Research program, run through the Institute of Education Sciences, funds companies seeking to bring ed-tech products to commercial viability.
The Jefferson Education Accelerator, which seeks to pair education technology companies with university researchers, will receive help from the philanthropy for projects focused on urban schools.
The Facebook CEO’s $45 billion philanthropic and investment effort has already included significant backing of for-profit companies such as AltSchool, Ellevation, MasteryConnect, and Newsela.
An attorney who has served as president of New Visions for Public Schools will lead the Bill & Melinda Gates Foundation’s K-12 strategy, starting on June 1.
These K-12 nonprofits raised $350 million in revenues and spent $181 million on programs and grants, according to research into their IRS filings.
The philanthropic organization wants to advance learning for young people by connecting schools, museums, businesses, and other city resources using an online platform.