American Public University System (APUS) and the University of Pennsylvania Graduate School of Education (PennGSE) has proudly announced the 2012 American Public University System Prize for Innovation in Online Education. The newly-established APUS prize, which awards $25,000 to the individual or group business plan that best enhances distance learning in higher education, is part of the third annual 2012 Milken-PennGSE Education Business Plan Competition.
The intent of the prize, sponsored by APUS and the Networking Education Entrepreneurs for Social Transformation (NEST), is to create new thought and structure within institutions and to support the growing demand for eLearning in higher education. All prospective entrants are encouraged to submit their concepts for consideration online at www.nestcentral.org. Submissions, due by the close of business on December 12, 2011, will undergo a rigorous assessment and selection process culminating with the live competition and announcement of the winning business plans in Philadelphia on June 19, 2012.
About the Milken-PennGSE Education Business Plan Competition
Launched in 2010 as a partnership between PennGSE and the Milken Family Foundation, the competition will award more than $110,000 in total funding in 2012, through the following five prizes:
The Milken Family Foundation First Prize ($25,000) and Second Prize ($15,000).
The American Public University System Prize for Innovation in Online Education ($25,000).
The Startl Prize for Open Educational Resources ($25,000).
The Educational Services of America Prize for Innovation in the fields of Special Education and At-Risk Students ($20,000).
About contest rules and timeline
Entrants are required to submit an executive summary of their business plan online by the close of business on December 12, 2011. The summary can address a wide range of educational issues and submissions are welcome from both for-profit and nonprofit institutions. Applicants should submit content that first defines a problem and the opportunity it presents; the idea or solution; and how the idea or solution will be implemented.
Entrants can be individuals or groups and all submissions are automatically considered for the Milken Family Foundation First and Second Prizes. Contestants may also select to apply for the American Public University System Prize for Innovation in Online Learning, the Startl Prize for Open Educational Resources, or the Educational Services of America Prize for Innovation in the fields of Special Education and At-Risk Students. Each prize is awarded based on a unique area of focus in education. The competition process spans the following stages:
- Executive summaries are due by December 12, 2011
- Semi-finalists are announced by February 3, 2012
- Full business plans are due by March 16, 2012
- Finalists are announced by May 4, 2012
- The live competition takes place in Philadelphia on June 19, 2012