Venture philanthropy group New Profit has launched the Personalised Learning Initiative, offering "unrestricted capital and strategic support" to seven companies blending personalised learning and social entrepreneurship. Funded by the Chan Zuckerberg Initiative and Valor Collegiate Academies, New Profit will supply iNACOL, PowerMyLearning, the Bill & Melinda Gates Foundation, The Learning Accelerator, imBlaze, Highlander Institute and Transcend with an unrestricted $1m grant each. A New Profit strategic adviser will also be appointed to each company's board of directors.
Venture philanthropy group New Profit has launched the Personalised Learning Initiative, offering "unrestricted capital and strategic support" to seven companies blending personalised learning and social entrepreneurship. Funded by the Chan Zuckerberg Initiative and the Bill & Melinda Gates Foundation, New Profit will supply iNACOL, PowerMyLearning, Valor Collegiate Academies, The Learning Accelerator, imBlaze, Highlander Institute and Transcend with an unrestricted $1m grant each. A New Profit strategic adviser will also be appointed to each company's board of directors.