Jefferson Education Awarded Innovation Grant from U.S. Small Business Administration
Growth Accelerator Fund Competition recognizes nation’s pioneering accelerators, incubators and innovation hubs
WASHINGTON, DC, September 15, 2016—Jefferson Education at the University of Virginia today announced that it has been selected by the U.S. Small Business Administration (SBA) Office of Investment and Innovation as a winner of the 2016 Growth Accelerator Fund Competition.
“We are honored to be recognized by the Administration for our work to help the most promising organizations in education technology scale and make an impact,” said Bart Epstein, CEO of Jefferson Education. “The diversity of experience among the competition’s winners demonstrates the potential for entrepreneurs to transform local economies and make an impact across a wide range of important social issues.”
Jefferson Education was one of only 68 winners nationwide, selected from over 400 applicants and a pool 200 highly qualified finalists. Applications were judged by more than 100 experts with entrepreneurial, investment, startup, economic development, capital formation and academic backgrounds from both the public and private sectors. Winners of the competition must commit to quarterly reporting on key metrics, including jobs created, funds raised, and development of corporate partnerships.
“Innovation and entrepreneurship are critical ingredients in the solutions that will enable more students to succeed across K-12 and postsecondary education,” said Bill Hansen, former U.S. Deputy Secretary of Education and CEO of USA Funds, which provided seed funding for Jefferson Education. “Jefferson Education is playing an important role in helping organizations with proven results achieve scale and make an impact.”
According to SBA Administrator Maria Contreras-Sweet, The Accelerator Fund Competition was launched to “make new connections and strengthen existing bonds” by “bringing entrepreneurs and innovators together and connecting them with local and national resources.”
Uniquely focused on growth-stage education companies, Jefferson Education provides expertise and investment capital to education companies that have demonstrated strong evidence of success and the potential to contribute to the field through analysis and evaluation conducted by leading education researchers and practitioners.
About Jefferson Education
Jefferson Education brings together the know-how, capital, and resources to address the unique needs of educators, entrepreneurs and organizations. Combining the unabashedly innovative spirit of education technology with the academic rigor and excellence of one of the nation’s top-ranked education programs, JEA identifies and evaluates the most promising education solutions in the U.S. and puts them on track to achieving scale and making impact. For more information, visit www.jeauva.COM.