Inaugural Group of Startups Selected for Intel Education Accelerator
August 03 2015 - 11:30AM
Business Wire
Intel Capital to Invest up to $100,000 Each
in Eight Innovative Companies
A company that can turn a park bench into a piano. A Copenhagen
startup that lets children as young as age 3 create and share their
own e-books. A woman-founded partnership that teaches teen girls to
code through a social medium they love. These are just three of the
first cohort of startups selected to take part in the Intel
Education Accelerator.
Intel Capital, Intel Corporation’s global investment
organization, and Intel Education in April announced the formation
of the accelerator, a specialized program to help ed-tech startups
transform education for student success. After beating out nearly
200 other applicants – half of them from overseas – the selected
startups on Monday will begin a rigorous and enriching four-month
program that will provide them with working capital, veteran
mentorship and dedicated workspace in the heart of Silicon
Valley.
“We had a really strong global response during the application
process, and we are extremely happy with the eight diverse
companies that will be a part of our inaugural cohort,” said Intel
Vice President John Galvin, general manager of Intel Education.
“These companies are eager to grow and make an impact on education,
just as Intel has been committed to throughout our history.
Together with our 50 mentors, we can’t wait to work with these
impressive startups.”
The Intel Education Accelerator lets selected companies receive
guidance from technology, business and education experts; secure
investments of up to $100,000 each from Intel Capital; and leverage
Intel’s global relationships with educators and governments in more
than 100 countries.
Participants in the accelerator – housed at GSVlabs of Redwood
City, California – will receive access to weekly classes, coaching
and opportunities to pilot their products in schools. Judges and
mentors for the program include Tom Kalinske, former CEO of
LeapFrog*, Sega* and Mattel*; Intel Capital President Arvind
Sodhani; veteran Silicon Valley journalist and entrepreneur John
Battelle; Ronald Chandler, former chief information officer for the
Los Angeles Unified School District; Genevieve Bell, vice president
of Intel Labs; and high-ranking officials from AT&T*,
Coursera*, Goldman Sachs*, the International Society for Technology
in Education* (ISTE), Silicon Valley Bank*, VICE Media* and the
Walt Disney Co.*
The four-month program culminates in a Dec. 2 “pitch day” for
the program’s entrepreneurs in front of prospective funders.
The accelerator is open to both K-12 and higher-ed startups,
with special consideration for companies focused on data analytics
and adaptive learning. Members of the inaugural cohort are:
- BeeLine* (Woodside, California), whose
digital reading tools help students learn to read faster and help
those with dyslexia and other learning differences read more
fluently.
- Echelon Creative* (New York City),
which replaces normal words in text messages with advanced
synonyms, teaching a user new vocabulary words in context.
- GotIt!* (Menlo Park, California), an
on-demand knowledge platform that lets students post photos of
schoolwork problems and instantly connect with a study expert who
can provide detailed explanations. The parallel ranking, bidding
and matching engine was founded by Vietnam native Hung Tran, who
previously led an international effort to build an open courseware
program for millions of college students in his homeland.
- Griti* (San Francisco), which produces
fast, on-demand video help that supports college students using
on-campus peer networks of subject experts.
- Myriad Sensors* (Mountain View,
California), maker of a wireless sensor called PocketLab* that
connects to a smartphone, tablet or Chromebook and instantly
streams measurement data similar to that of expensive lab
equipment. PocketLab helps educators and students bring science,
technology, engineering and math to real-world settings.
- ToneTree* (Troy, New York), which
combines a small hardware unit with intelligent software to
transform nearly any surface into an interactive musical instrument
for innovative audio/visual education.
- Vidcode* (New York City), founded by
software developers and educators Alexandra Diracles and Melissa
Halfon to teach computer programming to teen girls by enabling them
to upload their mobile videos to Instagram* and customize them with
code.
- WriteReader* (Copenhagen, Denmark), a
literacy-based learning platform for children to create and share
their own storybooks and improve their reading and writing skills
through big data and adaptive learning.
Over the past decade, Intel Education has helped more than 300
million students and 15 million teachers in 100 countries obtain
locally relevant solutions, hardware, software and tools for
learning and creating a more vibrant, interactive learning
environment. During that time, Intel and the Intel Foundation have
invested more than US$1 billion in education programs and
technology access efforts for youth around the globe.
To learn more about the Intel Education Accelerator, visit
www.intel.com/content/www/us/en/education/accelerator/intel-education-accelerator.html.
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation.
The company designs and builds the essential technologies that
serve as the foundation for the world’s computing devices. As
a leader in corporate responsibility and sustainability, Intel also
manufactures the world’s first commercially available
“conflict-free” microprocessors. Additional information about Intel
is available at newsroom.intel.com and blogs.intel.com, and about
Intel’s conflict-free efforts at conflictfree.intel.com.
About Intel Capital
Intel Capital, Intel’s global investment organization, makes
equity investments in innovative technology start-ups and companies
worldwide. Intel Capital invests in a broad range of companies
offering hardware, software, and services targeting enterprise,
mobility, consumer Internet, digital media and semiconductor
manufacturing. Since 1991, Intel Capital has invested nearly
US$11.6 billion in over 1,440 companies in 57 countries. In that
timeframe, 213 portfolio companies have gone public on various
exchanges around the world and 373 were acquired or participated in
a merger. For more information on what makes Intel Capital one of
the world’s most powerful venture capital firms, visit
www.intelcapital.com or follow @Intelcapital.
Intel and the Intel logo are trademarks of Intel Corporation in
the United States and other countries.
*Other names and brands may be claimed as the property of
others.
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version on businesswire.com: http://www.businesswire.com/news/home/20150803005472/en/
Intel CorporationPeter Delevett,
408-653-8715peter.delevett@intel.comAgnes Kwan,
408-765-5714agnes.ck.kwan@intel.com
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