Minerva Schools at KGI is a startup online for-profit university. Its founders, who include former Snapfish president Ben Nelson, have referred to it as "the first elite American university to be launched in a century", and they will begin teaching students in the fall of 2014. Tuition will cost $10,000, and Larry Summers, former Harvard University President and Secretary of the Treasury of the United States will chair its advisory board. The target market is the developing world's rising middle class who aims for an elite American education. Stephen Kosslyn will serve as Dean of the Faculty, and Diane F. Halpern as Dean of Social Sciences, Eric Bonabeau as Dean of Computational Sciences, James D. Sterling as Interim Dean of Natural Sciences, and Daniel Levitin as Dean of Arts & Humanities.
The company received US$25,000,000 in venture funding from Benchmark Capital in April 2012.
- ^ Weissmann, Jordan (5 April 2012). "Can This 'Online Ivy' University Change the Face of Higher Education?". The Atlantic. Retrieved 9 April 2012.
- ^ Empson, Rip (April 3, 2012). "With $25M From Benchmark And Larry Summers Advising, Can Minerva Build An Online Ivy?". TechCrunch. Archived from the original on 10 January 2013.
- ^ "iVy League". The Economist. Apr 4, 2012.
- ^ "Minerva Project names Dr. Stephen Kosslyn as Founding Dean".
- ^ "Minerva Schools at KGI names Dr. Daniel J. Levitin as Dean of Arts & Humanities".
- ^ Buchanan, Leigh (Oct 30, 2012). "A True Elite Education at Half the Price". Archived from the original on 10 January 2013.