XLerateHealth | August 18, 2022
XLerateHealth (XLH), a national healthcare accelerator based in Louisville, KY, in partnership with the University of Kentucky (UK) through UK Innovate, has been awarded the first phase of a potential $3.25M multi-year grant by the National Institutes of Health (NIH) through the IDeA Regional Entrepreneurship Development (I-RED) Program (Award Number UT2GM148083). The purpose of the grant is to develop and launch a suite of experience-based entrepreneurship and commercialization training tools to address the needs of academic institutions across the Southeast U.S., including faculty, researchers, innovators and students. XLH and UK have led this effort since 2018 through the XLerator Network, an NIH-funded partnership to increase the commercialization of promising life science and healthcare innovations in 25 academic institutions across the Southeast Institutional Development Award (IDeA) states of Kentucky, Arkansas, Louisiana, Mississippi, South Carolina, West Virginia and Puerto Rico. This NIH I-RED award will allow XLerator Network participants to build on prior work and develop, launch, test and validate entrepreneurship education and training tools that foster the translation of promising biomedical discoveries and technologies from research laboratories into commercial products “Based on our years of experience training biomedical entrepreneurs, we believe that effective entrepreneurial pedagogy is a combination of four elements: 1) informed high-quality educational content, 2) mentorship and coaching from experienced domain experts and entrepreneurs, 3) access to experienced talent to build a cohesive team, and 4) access to capital to fund the successful refinement of the technology/product and its commercial launch into the marketplace,” said Jackie Willmot, CEO of XLerateHealth. “We are proud to continue this collaboration and grateful to the NIH I-RED program for its support in bringing these resources to academic and clinician innovators.”
“Through the XLerator Network, our partnership with more than two-dozen academic institutions in the Southeast IDeA region has created a framework for learning, testing, and applying entrepreneurship and commercialization best practices to advance the most promising health innovations in the region,” Ian McClure, Associate Vice President for Research, Innovation and Economic Impact at the University of Kentucky. “UK Innovate is thrilled that the NIH I-RED program will now catalyze that foundation and generate new education, mentorship, coaching, and commercialization tools for those partners and the region. As the academic lead institution for this new award, we are proud of this partnership and thank the NIH I-RED program leadership for its support.”
Ian McClure, Associate Vice President for Research, Innovation and Economic Impact at the University of Kentucky
About XLerateHealth (XLH)
The XLerateHealth (XLH) mission is to cultivate and grow impactful healthcare innovation in the Midwest, Southeast and other areas of the country where great innovation often goes unrecognized and underfunded. Founded in 2012, XLH supports the development of healthcare innovation through its healthcare accelerator, which helps start-up founders commercialize their business and attract funding. XLerateHealth also leads the efforts to build and operate the XLerator Network, an NIH-funded partnership with Academic Lead University of Kentucky along with 24 other academic institutions in the Southeast. The objective of this work is to increase the commercialization of promising life science and healthcare innovations in the NIH-designated Southeast Institutional Development Award (IDeA) states.
Imagine Learning | August 24, 2022
Imagine Learning, the largest provider of digital curriculum solutions in the U.S. serving 15 million students in more than half the school districts nationwide, today announced the launch of Imagine Learning Classroom, the new digital application powering its core English Language Arts and Mathematics solutions. Imagine Learning Classroom (formerly LearnZillion) enhances the high-quality curricula of Imagine Learning Illustrative Mathematics, Imagine Learning EL Education, Imagine Learning Odell Education, and Imagine Learning Guidebooks. These comprehensive programs offer the most accessible, teachable, and engaging core curricula for K-12 students available anywhere today.
"Our goal is to deliver compelling, high-quality curricula in a teachable way to support educators and spark learning breakthroughs, Core Curriculum for Imagine Learning. "With Imagine Learning Classroom, we've developed a cohesive, immersive classroom environment to empower teachers and ensure student success."
Terry Gilligan, Senior Vice President & General Manager
As pioneers in digital instruction, Imagine Learning continually refines its core products and services to meet the needs of all students and educators. These solutions give educators continuous, clear insights into their students' learning, and supports them to maximize their potential. In addition, ongoing pedagogical research measures effectiveness in classrooms around the country to advance learning for all students. Imagine Learning Classroom puts the teacher and student at the center of learning for more positive outcomes. The dynamic software creates inspiring instructional experiences, providing students with opportunities to own their own learning, express choice in content, and showcase their voice in assignments, building essential skills to set students up for success.
Imagine Learning Classroom:
Offers a turnkey solution that saves teachers time in planning and instruction
Incorporates features and functionality that support and honor each curricula's instructional design
Empowers teachers with tools to personalize and customize instruction to their unique needs
Engages students with rich media, including videos, digital interactivities, virtual manipulatives, and more
Enables the implementation of quality curricula in all learning environments
Refreshed student and teacher experiences, including a unique experience for primary students
Imagine Learning Classroom offers the following premier ELA and Mathematics programs for grades K-12:
Imagine Learning Illustrative Mathematics is a complete K-12 IM-Certified mathematics curriculum that delivers a digital-first classroom experience, enabling teachers to create a student-centered, cohesive learning environment, based on research and driven by data that fully leverages the impact of high-quality curricula.
Imagine Learning EL Education is a content-based K-8 literacy curriculum utilizing compelling real-world texts that engage and excite learners in grades K-8. Informed by the Science of Reading, the program allows students to focus on mastery of knowledge and skills and demonstrate high-quality work while building habits of character.
Imagine Learning Odell Education is an innovative knowledge-based literacy program for grades 9-12 dedicated to fostering creativity and critical thinking. The program emphasizes learning through inquiry and empowers teachers to configure the course content by providing a variety of text collections and topics.
Imagine Learning Guidebooks is a comprehensive English Language Arts solution that immerses grade 3-12 students in reading and writing lessons across genres. Students create a web of meaning critical to the development of reading and writing skills, and build understanding through text sets, compelling questions, and integrated reading and writing activities.
About Imagine Learning
Imagine Learning is a PreK–12 digital learning solutions company that ignites learning breakthroughs by designing forward-thinking solutions at the intersection of people, curricula, and technology to drive student growth. Imagine Learning serves more than 15 million students and partners with more than half the school districts nationwide. Imagine Learning's flagship products include Imagine Edgenuity®, online courseware and virtual school services solutions; supplemental and intervention solutions for literacy, language, mathematics, robotics, and coding; and high-quality, digital-first core curriculum, including Illustrative Mathematics®, EL Education®, and Odell Education®—all on the Imagine Learning Classroom—and Twig Science®. Read more about Imagine Learning's digital solutions at imaginelearning.com.
CORPORATE LEARNING SYSTEMS
ETU | August 25, 2022
ETU, provider of the world’s leading learning simulation platform, today announced a strategic growth investment led by Mission Springs Ventures and Pacific Lake Partners, along with participation from other private investors. Financial terms of the investment were not disclosed. Mission Springs Ventures, an investment vehicle led by executive Katie Laidlaw, assembled the investor group and financing. The investment will fuel continued growth with additional capital and management resources focused on customer value creation. As part of the transaction, Ms. Laidlaw will assume leadership of the business in the role of CEO. ETU’s co-founder, Dr. Declan Dagger, will continue in his role as Chief Operating Officer of the company. According to the World Economic Forum, 50% of all employees will need reskilling by 2025. The corporate learning market is changing quickly due to the increased need to upskill hybrid workforces at scale. Traditional virtual learning is contributing to employee fatigue and does not provide the opportunities to practice and develop the critical skills needed in the future of work. As a result, immersive learning is growing rapidly and ETU is leading the way with clients that include PWC, IBM, Merck, Deloitte, Microsoft and Macy’s.
“ETU is on a growth trajectory that will accelerate under Katie Laidlaw. Our growth shows that the market is primed for a Learning Simulation Platform that effectively develops and measures critical skills. Katie’s excellent business acumen and keen leadership style is the perfect combination to lead ETU forward”
Declan Dagger, COO for ETU.
Recent explosive growth by ETU has taken several forms:
The business doubled annual revenue in 2021, and is on track to double revenue again in 2022.
ETU’s workforce increased 4x in 2.5 years.
Continued innovation of new features within the Learning Simulation Platform is growing the power of the solution with each release.
The SaaS platform recently crossed the threshold of over 1 million learners worldwide.
About Mission Springs Ventures
Mission Springs Ventures is an investment vehicle led by Katie Laidlaw, drawing upon her nearly two decades of business development and strategy experience. It was formed to identify and acquire a high-growth business, and then lead it for the long-term.
About Pacific Lake Partners
Pacific Lake Partners is the most experienced and largest investor dedicated to partnering with search fund entrepreneurs and helping them succeed. Pacific Lake works with talented entrepreneurs to find and acquire great companies and then galvanize growth. Pacific Lake offers best-in-class support for entrepreneurs, including searcher workshops and a range of post-acquisition initiatives conducted by our Value Creation Team.
ETU partners with the world's leading brands to upskill employees digitally at scale. ETU’s solution provides immersive simulation-based learning that delivers breakthrough improvements in the application of skills. ETU was founded within Trinity College Dublin over 10 years ago. A passionate group of PhD researchers sought to transform the way learning was being delivered in corporate settings. They knew immersive training was the answer, and built a powerful platform that boosts learner engagement. A key differentiator of ETU’s Learning Simulation Platform is its ability to capture rich skill data that gives clients the talent analytics they need to make decisions on workforce gaps.
EON Reality | July 08, 2022
EON Reality, Inc. (“EON Reality”), a global leader in Virtual and Augmented Reality (“XR”) and Knowledge Metaverse industry and education solutions, has announced a new partnership with the Manufacturing, Engineering and Related Services Sector Education and Training Authority (merSETA) in South Africa for a national rollout, which also includes EON Reality’s latest offering, the EON Metaverse Builder.
The merSETA is the latest educational organization with access to EON Reality’s industry-defining XR training solutions. One of 21 Sector Education and Training Authorities (SETAs) in South Africa, the merSETA plays a central role in ensuring the country’s National Skills Development Plan is fulfilled. Though merSETA does not train people directly, it facilitates training by providing access to training materials, paying grants, registering moderators and assessors, identifying scarce skills, accrediting providers, monitoring training quality and implementing projects to close the skills gap.
There are six chambers within the merSETA: metal and engineering; automobile manufacturing; motor retail; automotives component manufacturing; tyre manufacturing; and plastics. The six chambers comprise approximately 44,000 companies with a workforce of approximately 600,000.
Access to EON-XR solutions will enable trainers and supervisors at merSETA-affiliated companies to increase the speed of employee training, reduce infrastructure costs and decrease the probability of high-consequence events in dangerous industries through simulation-based training.
EON Reality’s solutions and the lifelike models and environments therein allow the merSETA partners to offer customisable “hands-on” training to employees without the inherent logistical restrictions of working with materials that could be unsafe to them or the environment.
With EON Reality’s solutions, the merSETA-affiliated companies will be able to better serve industries in every country where they operate while protecting their employees.
“Like EON Reality, the merSETA believes an environment that promotes open knowledge sharing is critical to the success of an organization and the world. We’re elated to help the companies associated with the merSETA achieve the organization’s aim of reducing inequalities and unemployment in South Africa via access to high-quality and relevant skills development and training opportunities.”
Dan Lejerskar, Founder, Chairman and CEO of EON Reality
“Our products, such as the EON Metaverse Builder, contain many existing materials that will allow the merSETA institutions to train employees safely, effectively and affordably in hazardous and costly fields like auto-manufacturing — all with the possibility of adding infinitely more opportunities. Their use of our technology will impact multiple industries, thereby growing the knowledge metaverse and potentially improving the South African workforce for years to come.”
The merSETA Chief Executive Officer, Wayne Adams, adds that rapid digitalisation and XR processes in the manufacturing sector will have a profound positive effect on the development of Society 5.0.
“World institutions and governments have found through empirical studies that simulated/XR training in Industry 4.0 is more effective in preparing learners/apprentices for the new world of work. It is the major enabler on our path of meeting our sustainable development goals targets. As the merSETA, we are proud to partner with EON Reality, Inc, especially given that thousands of South Africans will be prepared for Society 5.0,” says Adams.
As a result of the culmination of years of work with global enterprises and world-class academic institutions, EON-XR is the primary product and content delivery vehicle for XR education and industry solutions in the knowledge metaverse.
The merSETA partners will train their employees utilizing EON-XR, EON Metaverse Builder and EON Reality’s other offerings while providing feedback on the best uses of the solution for companies in related fields.
About EON Reality
EON Reality is a leading company in Augmented and Virtual Reality-based experience creation for education and industry as well as the reputed creators of the Knowledge Metaverse. EON Reality’s over 20 years of existence and success are tied to its belief that knowledge is a human right and should be available, accessible, and affordable for every person on the planet. To carry this out, EON Reality developed and launched EON-XR, a SaaS-based platform dedicated to the democratization of XR content creation that brings code-free XR development and publishing to smartphones, tablets, laptops, and any other XR-focused devices.