USA Funds invests $3 million in education innovation accelerator
USA Funds has announced a $3 million investment in the Jefferson Education Accelerator, which will identify, test and nurture innovative education technology solutions.
An initiative of the University of Virginia Curry School of Education Foundation, the accelerator will support education technology entrepreneurs with consulting, mentoring, testing, piloting and financing.
“We are pleased to serve as lead investor in this education innovation accelerator as part of our focus on Completion With a Purpose,” said William D. Hansen, USA Funds president and CEO. “We believe that emerging technologies hold great promise for reshaping the pathway to and through college and on to rewarding careers and fulfilling futures for our nation’s students.”
Although best known for its historic role as a student loan guarantor, during the past year, USA Funds has made significant investments in initiatives that promote completion of postsecondary education and training programs with a strong connection to success following graduation.
(Next page: Unique aspects of the education accelerator)