• Nonprofit Spotlight_Newschools

    NewSchools Venture Fund is a nonprofit organization whose mission is to transform public education by partnering with entrepreneurs who have innovative ideas in education that will help all children succeed. Created in 1998 by social entrepreneur Kim Smith and venture capitalists John Doerr and Brook Byers, NewSchools Venture Fund is a nonprofit venture philanthropy firm that raises philanthropic capital to support education entrepreneurs whose ideas align with NewSchools’ mission and goals.

    The founders created NewSchools with the vision that entrepreneurs could bring change and influence public bureaucracies such as education. The organization has supported nonprofit and for-profit ventures. Educational ventures are made up of public charters schools, teacher training and support programs, and organizations focused on created research-based curricula or new tools for teaching, learning, or measurement.

    Since its launch in 1998, NewSchools has raised $248 million in funds which have been used for the creations of 331 new schools across the country and a variety of educational and teacher training programs. One of the main beliefs of the NewSchools Venture Fund is that if education entrepreneurs had access to early-stage capital and strategic support to build and grow their organizations, then change could be brought to public education.

    NewsSchools Venture Fund welcomes individuals to submit their educational ideas for consideration and funding. Once an idea has been accepted, NewSchools Venture Fund works with education entrepreneurs with the goal of creating an excellent education for every child and providing students with the resources they need to succeed in college. The NewSchools Venture Fund’s business model is made up of the following three components:

    1. Diligence and Investment—Screening ventures and investing in those with the most potential to change students’ lives.
    2. Management Assistance and Support—Engaging with ventures during their growth.
    3. Knowledge and Sharing Policy—Connecting entrepreneurs to each other in sharing their best practices and for advocating for policies that support their work and can be amplified onto others.

    Graduate students in our master’s in education or master’s in teaching or any individual who has an idea for an educational program can visit the NewSchools Entrepreneur Center online and submit an idea. NewSchools offers different funds focused on technology tools, teacher training, or charter schools.

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