[From Philanthropy News Digest] Houghton Mifflin Harcourt, a leading global education company, has announced the creation of a $100 million innovation fund to support the development of new products that promote and enhance student achievement, individualized learning, and effective technology integration in the classroom.
The HMH Innovation Fund will work to engage all stakeholders — teachers, administrators, parents, and students — by creating a collaborative process for soliciting, evaluating, developing, and executing innovative ideas that address teaching and learning challenges and will also support the development of new consumer applications to engage students outside the classroom.
The educational publisher also has committed to investing as much as $300 million over the next three years in the development of innovation centers in the United States and Dublin, Ireland. Teams at HMH will work closely with institutions in other sectors — manufacturers, foundations, and academia — to roll out broader technology initiatives such as a one-year pilot program in four California school districts featuring the first full-curriculum algebra application for the iPad.
“Houghton Mifflin Harcourt Announces $100 Million Innovation Fund to Invest in Education Initiatives Globally.” Houghton Mifflin Harcourt Press Release 9/13/10.
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