Intel has selected eight startups to take part in its first ever Education Accelerator, and announced Intel Capital, the company’s global investment organisation, is set to invest up to $100,000 in each of the companies.
In April of this year Intel Capital and Intel Education announced the formation of the accelerator, defining it as a specialised programme to help ed-tech startups transform education for student success.
After beating out nearly 200 other applicants, the selected startups will now begin a four-month programme that will provide them with working capital, veteran mentorship and dedicated workspace in Silicon Valley.
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 will receive access to weekly classes, coaching and opportunities to pilot their products in schools.
“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,” says John Galvin, Intel vice president and 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,” he says.
Judges and mentors for the programme include Tom Kalinske, former CEO of LeapFrog, Sega and Mattel; Intel Capital president Arvind Sodhani; 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 programme culminates in a ‘pitch day’. Taking place on December 2nd, this is an opportunity for the participants to pitch their company and ideas to prospective funders.
The accelerator is open to both secondary school and higher-ed startups, with special consideration for companies focused on data analytics and adaptive learning.
The chosen startups are: