HeyMath!, the leading E-Learning solutions provider for Mathematics, today announced that they have been invited by Microsoft, the world's leading software provider, to join its elite Startup Accelerator Program, in India.
Developed in formal collaboration with the University of Cambridge, HeyMath! is a specialist education technology company that has also been featured as an example of globalization in education by New York Times Columnist Thomas L. Friedman in the bestselling book "The World Is Flat". Adopted by students and teachers at progressive schools in India, the United States and by over half the highest performing schools in Singapore, HeyMath! resources reflect a blend of 'best practices' from top schools and are constantly updated based on user feedback.
Paul Murphy, Director of Innovation, Microsoft Corporation says "The Startup Accelerator Program is one of several investments Microsoft is making to help foster a healthy local software economy in India. HeyMath! is the most recent recipient of this investment as an innovative startup that's helping to solve a complex societal challenge. Not to mention the market for remedial education is several billion dollars in each of their target countries."
The Microsoft India Startup Accelerator program is designed to help high potential software startups get access, guidance and support to accelerate their success through a series of non-equity investments. Selected companies receive customized engagement plans to support their software and market development efforts.
"Innovation is our DNA," says Harsh Rajan, Co-founder of HeyMath! "The global shortage of qualified Math teachers is exacerbated in a Flat World and this has created a systemic imbalance of immense proportions. There is no perfect education system...so, getting the formula right for parents, is the key to preparing children for a 21st century education. Our team is working flat out to find simple and collaborative solutions using technology to effectively address very real problems in teacher quality, curriculum instruction, assessment, after-school remediation and benchmarking."
"We are excited about being a part of Microsoft's unique Startup Accelerator program and believe that Microsoft's longstanding commitment to the K-12 education segment will help us significantly expand our customer base across global markets and achieve leadership positions in a much shorter timeframe than previously possible" says Harsh.
The Microsoft India Startup Accelerator Program is co-managed by Microsoft India and Microsoft's Emerging Business Team (EBT) in Silicon Valley. This team works with venture capitalists (VCs) and start-up companies worldwide to enable innovation and accelerate the software ecosystem. The team's mission is to identify and facilitate opportunity for start-ups and VCs, acting as the single point of contact and accountability to Microsoft. Paul Murphy is director of innovation for Microsoft India. His charter is to increase innovation in India, for India, by working with start-ups, financiers, policymakers, academia, and industry visionaries.
February 10, 2008 | Chennai, India