Postsecondary Learning

Entrepreneurial Education Goes Online

By Betsy Corcoran     Aug 15, 2013

Entrepreneurial Education Goes Online

Novo'preneurs,anyone?

It doesn't quiteroll off the tongue yet but we've got to admit it's a clever direction to takea MOOC. NovoEd, the Menlo Park-based massiveonline course program that aims to support social learning, is debuting onAugust 15 an online entrepreneurship program. Supporting schools are big namesin the business school world including Stanford University, Babson College(which has consistently topped the USNews & World Report list of "entrepreneurship education"since 1995) and the Kauffman Fellows Academy among others. The program debutswith more than a dozen courses, including “Technology Entrepreneurship” offered inEnglish, Mandarin, and Spanish by Stanford's Chuck Eesley. Notable by hisabsence is Stanford's Steve Blank, who offers his own "How to build a startup"class over at Udacity.

In contrast to theearly big three MOOCS (Coursera, Udacity and EdX) NovoEd aims to supportcollaboration among students. Co-founder and CEO Amin Saberi says that itdoesn't matter how many people are part of the lecture aspects of classes butthe sweet size for collaborative groups is between 4 and 10 people. Completionrates on NovoEd have been relatively speaking high: 17% of the students whosign up complete a class (and half of those who finish the first assignmentalso finish the class.)

Sinceit debuted earlier this year, NovoEd reports that 458,600 students (in 152countries) have taken its classes. More interesting: NovoEd says that 56,190project teams have been formed and that they've created about 1,500 businesses(or at least a marketing page and pitch deck) via NovoEd.  

NovoEdis also using the data generated by students' activities to both help matchthem with the most suitable teammates--and most intriguingly--to improve theassessments of their work.

"Ifyou have a submission from a certain [person's] profile, who would be the rightperson to match the assignments so they can give the 'most accurate' evaluationand feedback," Saberi says. By "most accurate," Saberi means anevaluation that most closely corresponds to what the professor (or say, theprofessor and a small number of top assistants) would be likely to give.

NovoEdoffers a mixture of free and fee-based programs. (NovoEd splits any revenuewith the course provider). Students can earn certificates of accomplishment.

Saberisays NovoEd will expand beyond entrepreneurship programs but for now he'sexcited about giving people in regions other than Silicon Valley and a fewother entrepreneurial hotspots a chance to learn how to start their ownbusiness and change their lives: "Empowerment is the focus of NovoEd.


Postsecondary Learning

Entrepreneurial Education Goes Online

By Betsy Corcoran     Aug 15, 2013

Entrepreneurial Education Goes Online

Novo'preneurs,anyone?

It doesn't quiteroll off the tongue yet but we've got to admit it's a clever direction to takea MOOC. NovoEd, the Menlo Park-based massiveonline course program that aims to support social learning, is debuting onAugust 15 an online entrepreneurship program. Supporting schools are big namesin the business school world including Stanford University, Babson College(which has consistently topped the USNews & World Report list of "entrepreneurship education"since 1995) and the Kauffman Fellows Academy among others. The program debutswith more than a dozen courses, including “Technology Entrepreneurship” offered inEnglish, Mandarin, and Spanish by Stanford's Chuck Eesley. Notable by hisabsence is Stanford's Steve Blank, who offers his own "How to build a startup"class over at Udacity.

In contrast to theearly big three MOOCS (Coursera, Udacity and EdX) NovoEd aims to supportcollaboration among students. Co-founder and CEO Amin Saberi says that itdoesn't matter how many people are part of the lecture aspects of classes butthe sweet size for collaborative groups is between 4 and 10 people. Completionrates on NovoEd have been relatively speaking high: 17% of the students whosign up complete a class (and half of those who finish the first assignmentalso finish the class.)

Sinceit debuted earlier this year, NovoEd reports that 458,600 students (in 152countries) have taken its classes. More interesting: NovoEd says that 56,190project teams have been formed and that they've created about 1,500 businesses(or at least a marketing page and pitch deck) via NovoEd.  

NovoEdis also using the data generated by students' activities to both help matchthem with the most suitable teammates--and most intriguingly--to improve theassessments of their work.

"Ifyou have a submission from a certain [person's] profile, who would be the rightperson to match the assignments so they can give the 'most accurate' evaluationand feedback," Saberi says. By "most accurate," Saberi means anevaluation that most closely corresponds to what the professor (or say, theprofessor and a small number of top assistants) would be likely to give.

NovoEdoffers a mixture of free and fee-based programs. (NovoEd splits any revenuewith the course provider). Students can earn certificates of accomplishment.

Saberisays NovoEd will expand beyond entrepreneurship programs but for now he'sexcited about giving people in regions other than Silicon Valley and a fewother entrepreneurial hotspots a chance to learn how to start their ownbusiness and change their lives: "Empowerment is the focus of NovoEd.


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