Dive Brief:
- AT&T has launched an “accelerator” program that will select education technology companies and non-profit groups to support with money, access to services, and mentors.
- AT&T Aspire Accelerator will measure success by societal impact instead of monetary return, AT&T reported.
- Among those serving on an external board of advisors to the program are EdSurge Chief Executive Betsy Corcoran, Declara Co-Chief Executive Ramona Pierson, and Udacity Chief Executive Sebastian Thrun.
Dive Insight:
AT&T is taking applications for the accelerator program, which will begin working with its selected participants in May. The company claims a $350 million commitment to education, and the six-month accelerator program will offer $50,000 investments in each participant plus $25,000 for costs. Participants won’t have to relocate. The accelerator program will choose participating companies or organizations based on how well they can help with a student’s education or career success, with special consideration for companies that help at-risk students from dropping out.