With more than 150 educational technology startups being built in the New England area, there has only been one missing link: a centralized hub to harness all the talent. Today, however, one of the city’s newest nonprofits LearnLaunch has announced LearnLaunchX, an education technology and learning-focused accelerator.
The program will be announced at LearnLaunch’s inaugural two-day conference, “Across Boundaries: Innovation & The Future of Education,” which kicks off at 11 a.m. today.
“Social and economic realities demand that education be made more effective and accessible,” said Stephen Marcus, founder and CEO of Matchbox, in a press release. “As an entrepreneur, I understand firsthand the complexities of this market and applaud the formation of LearnLaunchX. I believe it will accelerate the growth and success of important solutions and outstanding ed tech companies.”
The first LearnLaunchX accelerator session will start this June and will provide roughly eight startups with up to $18,000 in seed funding, mentorship, a collaborative place to work and direct access to learning marketplace leaders. In return, the team will take a six percent equity stake in the company.
The LearnLaunchX founding team includes angel investor Jean Hammond, co-founder of Quarry Technologies and AXON Network; Mark Miller, founder and managing partner of Good Harbor Partners; Vinit Nijhawan, managing director of Boston University’s Office of Technology Development; Eileen Rudden, member of Launchpad Venture Group; and Hakan Satiroglu, founder and chairman of Xlibrio, an international virtual bookstore chain.
“Boston has long been an acknowledged epicenter for technology innovation, publishing, educational content and venture capital,” said Miller in the release. “The founders of LearnLaunch bring vast experience and contacts in ed tech and new ventures to identify, vest and nurture high-growth leading companies.”
Applications for the first session will open up on February 20, so start polishing your pitches now, because the ed tech momentum is growing in Boston, and now there’s a hub to harness the energy.