EdRev, LLC Awarded Grant from the National Science Foundation
Small Business Innovation Research Program Provides Seed Funding for R&D
UPDATED – Las Vegas, Nevada, April 16, 2018 – Education Revolution has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $225,000 to conduct research and development (R&D) work on the use of their patented Socrates learning engine and platform to improve educational outcomes.
Education Revolution’s Socrates engine creates a truly differentiated and customized learning experience. The learning engine tracks the child’s progress across thousands of topics and adjusts the complexity of questions instantly to continually challenge them. The engine also tracks progress and provides rewards to keep the child motivated. The platform includes dozens of fun games and an exciting rewards system to keep the child motivated to play more – and therefore learn more. It is currently in use in school classrooms and after-school programs as well as available for use at home. Education Revolution is offering the solution free of charge for a limited period of time.
“The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of the NSF’s Division of Industrial Innovation and Partnerships. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
“Education Revolution is proud to be the recipient of this generous grant”, stated Brian G. Rosenberg, Chief Executive Officer of Education Revolution. “Socrates is a powerful education platform that connects the home and classroom learning experience, providing both teachers and parents with the information necessary to maximize each child’s potential. With this funding, we will be able to accelerate expanding our educational content and provide new games and rewards to increase student engagement and bring our solution to a larger base of children and schools.”
Once a small business is awarded a Phase I SBIR/STTR grant (up to $225,000), it becomes eligible to apply for a Phase II grant (up to $750,000). Small businesses with Phase II grants are eligible to receive up to $500,000 in additional matching funds with qualifying third-party investment or sales. All proposals submitted to the NSF SBIR/STTR program undergo a rigorous merit-based review process.
To learn more about Education Revolution and Socrates, visit www.edrevllc.com
About the National Science Foundation’s Small Business Programs: The National Science Foundation (NSF) awards roughly $200 million annually to startups and small businesses through the Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) program, transforming scientific discovery into products and services with commercial and societal impact. The non-dilutive grants support research and development (R&D) across almost all areas of science and technology helping companies de-risk technology for commercial success. The NSF is an independent federal agency with a budget of about $7 billion that supports fundamental research and education across all fields of science and engineering.