EdTech venture fund’s developmental program will invest up to $1 million in mission-aligned startups from digital learning and future-of-work sectors
SALT LAKE CITY--(BUSINESS WIRE)--New U Venture Partners (NUVP) has announced the launch of its Bridge to Success initiative—a development program for seed-stage and post-seed-stage startups that need the skills, mentorship, and bridge capital required to successfully raise Series A financing. The program, which NUVP plans to conduct annually, includes up to $1 million in bridge capital for startups that are selected to participate and complete the program.
The deadline to apply for the program—which will be virtual in its inaugural year—is October 18. Eligible startups must focus on digital learning and/or future-of-work solutions and fit within one of five investment themes:
- Access and affordability
- Post-secondary readiness
- Learning and experience
- Workforce transition/upskilling
- Global distribution and delivery of education
“Many EdTech startups offer innovative solutions that could significantly help learners and others in the education industry but lack the resources to move to the next level with a Series A round,” said Dre Bennin, Managing Partner of NUVP. “Our goal is to improve the lives of millions of individuals through better quality and access to learning, and this program will support that by identifying promising EdTech startups and putting them in a position to scale.”
More information—including eligibility requirements, a program timeline, and online application—is available at www.newuventures.com/bridge-to-success. Leaders from NUVP will host a virtual information session on the Bridge to Success program at the ASU-GSV Summit on Tuesday, Sept. 29, at 4 p.m. EDT. Founders and decision makers from EdTech startups who are interested in learning more can register to attend ASU-GSV at no cost, and can find information about NUVP’s information session here.
About New U Venture Partners
NUVP is a venture fund, anchored by Western Governors University (WGU), formed to catalyze a global initiative to develop the innovation that will redefine a post-secondary education that supports the future of work, improves quality, expands access, and optimizes outcomes for the next century and beyond.
Established in 1997 by 19 U.S. governors with a mission to expand access to high-quality, affordable higher education, online, nonprofit WGU now serves more than 121,000 students nationwide and has more than 195,000 graduates in all 50 states. Driving innovation as the nation’s leading competency-based university, WGU has been recognized by the White House, state leaders, employers, and students as a model that works in postsecondary education. In just 23 years, the university has become a leading influence in the development of innovative workforce-focused approaches to education. WGU is accredited by the Northwest Commission on Colleges and Universities, has been named one of Fast Company’s Most Innovative Companies, and has been featured on NPR, NBC Nightly News, CNN, and in The New York Times. Learn more at www.wgu.edu.
Contact for media inquiries:
Matt Griffin, Sr. Communications Business Partner