Wednesday, July 13, 2022
HomeHigher EducationEntrepreneurship training firm acquires College of Antelope Valley to construct 'metauniversity'

Entrepreneurship training firm acquires College of Antelope Valley to construct ‘metauniversity’

This audio is auto-generated. Please tell us if in case you have suggestions.

Dive Transient: 

  • Genius Group, a Singapore-based ed tech firm centered on entrepreneur training, introduced Monday that it just lately acquired the College of Antelope Valley, a for-profit establishment in California that provides undergraduate, graduate and certificates packages. 
  • The deal is one in all a number of latest acquisitions Genius Group made after it went public in April, in accordance to its announcement. Genius Group plans to develop the college’s campus and construct a metauniversity — a digital reproduction of the establishment within the metaverse — to ship immersive greater training worldwide. 
  • Firm and college officers didn’t disclose the phrases of the deal. However the firm stated it concludes greater than $50 million in acquisitions since mid-April, together with purchases of an in-home youngster care firm in New Zealand, a major and secondary faculty supplier in South Africa and a property buyers community in England. 

Dive Perception: 

Genius Group obtained its begin twenty years in the past by making a character quiz for entrepreneurs and working a resort for them in Bali with in-person coaching, in accordance with the corporate’s web site. In recent times, it has operated a subsidiary, GeniusU, as an entirely owned ed tech firm that provides entrepreneur training worldwide. 

Earlier this yr, the corporate went public and subsequently acquired 4 corporations to gasoline development. It plans to mix the teaching programs of its latest acquisitions with its current choices to create a “lifelong studying system,” in accordance with the announcement. It touts greater than 2.9 million college students of just about all ages in 200 international locations.

Genius Group pursued the acquisition of those establishments and corporations as a result of they share the corporate’s give attention to entrepreneur training, the announcement stated. Within the College of Antelope Valley’s case, the establishment gives levels in fields similar to enterprise, sports activities administration, nursing, psychology and training. It had about 730 college students in fall 2020, most of whom have been taking face-to-face courses, in accordance with federal information. 

The founders of the college, Marco and Sandra Johnson, lauded the acquisition in an announcement. “We’re so excited in regards to the further sources, college students and school members that Genius Group can deliver to College of Antelope Valley,” they stated. 

Firm and college officers didn’t instantly reply to questions on what a metauniversity would seem like or how Genius Group plans to develop the campus. But it surely wouldn’t be the primary greater training establishment to dabble within the metaverse, which describes a group of digital and augmented actuality applied sciences meant to supply an immersive digital expertise. 

Ten U.S. faculties, together with South Dakota State College, just lately signed as much as create digital replicas of their campuses that college students can entry with VR headsets, EdSurge reported. With funding from Fb’s dad or mum firm, Meta, the mission goals to supply college students VR instruments of their courses and allow them to work together with each other by digital avatars.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments