A University of Pennsylvania professor has announced plans to create a business incubator for
education inventors interested in bringing technology to American
classrooms, the Associated Press reports.
"Here's this (market) that is huge, that is really important, that needs
innovation, and there's just nothing out there to sort of foster it,"
said Doug Lynch, vice dean of Penn's Graduate School of Education.
"Let's create a Silicon Valley around education."
K-12 schools and degree-granting institutions spend more than $1
trillion on education annually, federal statistics show. That represents
immense potential for entrepreneurs - if they can resist the lure of
more established tech firms and trendier ventures like social networks.
Original Source: Associated Press
Read the full story here.