University Ventures, a $100 million fund created earlier this year to invest in higher education companies, announced Monday that it has launched a startup of its own.
Led by Satish Menon, former CTO of the Apollo Group (which owns for-profit education giant University of Phoenix), UV Labs will partner with universities and other higher education providers to build products addressing a range of issues, from accessibility to affordability to accountability. UV Labs, which will operate as an independent company, currently includes only Menon, the co-founder and CEO, but he said his first order of business is building out a team and focusing on a set of priorities.
Backed by German media company Bertelsmann, as well as the University of Texas Investment Management Company and other smaller partners, University Ventures has also invested in UniversityNow, an online learning site focused on making degrees more affordable; Synergis Education; and Ameritas College Educational Services, which offers degree programs targeting Hispanic Americans.
To read the full, original article click on this link: University Ventures’ UV Labs brings data-driven services to higher ed — Tech News and Analysis
