Charles Town, W. Va., May 20, 2015 – American Public University System today announced that it presented a $20,000 Venture Path prize to Conshohocken, Pennsylvania-based Byndr as part of the 2015 Milken-Penn GSE Education Business Plan Competition (EBPC).
Formerly known as the APUS Prize for Innovation in Online Education, the award recognizes maturing, but still early-stage, start-up ventures addressing the higher education marketplace. The competition recognized 12 winners overall from a total pool of 20 finalists, with a total of $140,000 in prize funding and eligibility to participate in the Education Design Studio Fund.
Byndr, a mobile learning management system designed for emerging higher education markets, is currently being used by three universities in India. A cloud-based platform with a social media-like interface, it frees institutions from having to set up or maintain servers.
“I’m very pleased to congratulate co-founders Joseph Freed and Praveen Vangeepuram for their innovative, mobile-centric platform that allows faculty and students anywhere in the world to collaborate online,” said Dr. Wallace E. Boston, APUS president & CEO. “Its ability to bring course content to life on any web-enabled device clearly demonstrates their commitment, like our own, to advancing the ease and capabilities of distance learning in higher education.”
Now in its sixth year, EBPC stimulates cutting-edge ideas--whether local or global, profit or non-profit, or preschool through adult learning—that serve the world’s educational needs. The 12 finalists presented their projects—showcasing the best and most promising new ventures in the field—to a select judging panel of industry leaders on the Penn campus on May 13. EBPC was launched in 2010 as a partnership between Penn GSE and the Milken Family Foundation, and marks the first-ever funded education business plan competition.