Houghton Mifflin Harcourt who is a global educator and learning company and the world’s largest provider of educational materials for pre K-12 schooling is setting up a fund to promote more innovation in educating techniques.
Over the next 3 years they will spend up to $300 million to develop innovative learning centers in the United States and Ireland.
Another $100 million will be spent as incubator money to support technology for greater student achievement.
Company CEO Barry O’Callaghan said Monday “The HMH Innovation Fund is a first for our industry, providing the capital to identify and incubate the next generation of innovation in education. We are excited about the opportunity to share in developing new solutions for teachers, students, administrators and parents”.
The Fund’s aim is to rapidly inject capital into worthwhile projects and expedite their development quickly to fulfill market requirements. Investments may vary from products or services for teachers and students, to enhancement type products … and consumer focused education products that HMH can deliver through its educational businesses.