Home Online Education Celebrating Innovation in Education at the 2013 Milken-Penn GSE Education Business Plan Competition

Celebrating Innovation in Education at the 2013 Milken-Penn GSE Education Business Plan Competition

0
Pictured are (from left): Dr. Wallace E. Boston (President, American Public University System), Jill Frankfort (Persistence Plus), Dean Andy Porter (Penn GSE), and Gregory Milken (Milken Family Foundation).
Pictured are (from left): Dr. Wallace E. Boston (President, American Public University System), Jill Frankfort (Persistence Plus), Dean Andy Porter (Penn GSE), and Gregory Milken (Milken Family Foundation).

Last week, the University of Pennsylvania’s Graduate School of Education and the Milken Family Foundation hosted the fourth annual Milken-Penn GSE Education Business Plan Competition.  The competition website  explains that “there is an urgent need to find ways to reach and educate every person” while also noting that “The United States is the largest exporter of education in the world, and education is our country’s fifth largest export.”  The competition brings together educational entrepreneurs intent on finding new ways to reach and educate more people around the world .  While there are similar competitions in the fields of biotechnology, engineering, medicine, and software, among others, the Milken-Penn GSE Education Business Plan Competition was the first of its kind in  education. 

Ten early-stage start-up education companies competed in the final phase of the competition for seven prizes totaling $145,000.  The  resounding winner of the competition (taking home three $25,000 prizes) was Raise Labs  whose mission is to “fix the way students access financial support for higher education.”   The company’s business model rests on securing scholarship money for students who can apply for and win funding for college throughout their high school years.  Their rationale  is that by the time scholarship money is made available to students, it is late in the high school experience and students may have already “checked out.”  The ability to win scholarships for college throughout their high school career may also encourage students to maintain academic and extra-curricular engagement throughout those years.  It may also arguably bring needed perspective to the high cost of attending college to students earlier in their academic careers, leaving them ample time to make an informed decision about where to attend college based on cost and quality. 

I’m particularly proud of the competition’s APUS Prize for Innovation in Online Education, which provides funding to companies leveraging innovative strategies and techniques in online higher education.  This year’s $25,000 award winner is Boston-based Persistence Plus,  which is working to leverage “the mobile technology that students use daily, and apply behavioral nudges that have helped people quit smoking or exercise more, to foster the behaviors and mindsets necessary for college persistence and completion.”  Co- founders  Jill Frankfort and Dr. Kenny Salim are well-versed in the complexities of today’s higher education landscape   Frankfort is focused on helping colleges transform how they support, engage, and motivate students to completion of a degree.  In her previous position with Jobs for the Future, she worked with colleges and school districts to improve educational outcomes of low-income students.  Dr. Salim is an expert in developing and implementing initiatives aimed at increasing student success.  He was most recently a senior public school district administrator in Boston where he oversaw programs focused on improving college readiness and academic reforms for more than 50,000 students. 

The issues surrounding progress to program completion and graduation rates among college students are well-documented.  Just over half of traditional four-year college students graduate in six years.  College completion for part-time, working adult students is generally longer than six years.  At the same time, a recent Pew Research Center report notes that “as of April 2012, 55% of adult cell [phone] owners use the Internet on their mobile phones” and that “31% of current cell Internet users say they mostly go online using their cell phone, and not using some other device such as a desktop or laptop computer.”  Persistence Plus’s model of leveraging mobile technologies to engage students with their education is innovative and, considering the Pew report’s findings, of promising  potential.  If students are able to engage with their online classrooms on their mobile devices, devices that many report are their main source of internet usage, they may be more likely to remain engaged and  persist with their program through graduation. 

Even for those companies that did not receive awards  in this year’s competition, there is still opportunity.  Each finalist will be invited to attend the newly-created Education Design Studio Fund (EDSF), “a new ecosystem of entrepreneurs, investors, practitioners, and researchers dedicated to accelerating the rate of innovation in global education.”  In collaboration with Penn GSE, EDSF “will work with stakeholders in the investment and publishing communities and with the best providers of curriculum and programs to incubate edtech entrepreneurs.”  With the many challenges facing higher education in America today, initiatives like the Milken-Penn GSE Education Business Plan Competition and the newly-announced EDSF are critical to improving our nation’s learning outcomes.

Comments

comments

Wally Boston Dr. Wallace E. Boston was appointed President and Chief Executive Officer of American Public University System (APUS) and its parent company, American Public Education, Inc. (APEI) in July 2004. He joined APUS as its Executive Vice President and Chief Financial Officer in 2002. In July 2016, he retired as APUS president and continued as CEO of APEI. In September 2017, he was reappointed APUS president after the resignation of Dr. Karan Powell. In September 2019, Angela Selden was named CEO of APEI, succeeding Dr. Boston who will remain APUS president until his planned retirement in June 2020. Dr. Boston guided APUS through its successful initial accreditation with the Higher Learning Commission of the North Central Association in 2006 and ten-year reaccreditation in 2011. In November 2007, he led APEI to an initial public offering on the NASDAQ Exchange. During his tenure, APUS grew to over 100,000 students, 200 degree and certificate programs, and approximately 90,000 alumni. In addition to his service as a board member of APUS and APEI, Dr. Boston is a member of the Board of Advisors of the National Institute for Learning Outcomes Assessment (NILOA), a member of the Board of Overseers of the University of Pennsylvania’s Graduate School of Education, a board member of the Presidents’ Forum, and a board member of Hondros College of Nursing and Fidelis, Inc. He has authored and co-authored papers on the topic of online post-secondary student retention, and is a frequent speaker on the impact of technology on higher education. Dr. Boston is a past Treasurer of the Board of Trustees of the McDonogh School, a private K-12 school in Baltimore. In his career prior to APEI and APUS, Dr. Boston served as either CFO, COO, or CEO of Meridian Healthcare, Manor Healthcare, Neighborcare Pharmacies, and Sun Healthcare Group. Dr. Boston is a Certified Public Accountant, Certified Management Accountant, and Chartered Global Management Accountant. He earned an A.B. degree in History from Duke University, an MBA in Marketing and Accounting from Tulane University’s Freeman School of Business Administration, and a Doctorate in Higher Education Management from the University of Pennsylvania’s Graduate School of Education. In 2008, the Board of Trustees of APUS awarded him a Doctorate in Business Administration, honoris causa, and, in April 2017, also bestowed him with the title President Emeritus. Dr. Boston lives in Owings Mills, MD with his wife Sharon and their two daughters.

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *