Techno-News Blog

April 30, 2019

Why Arizona State is using a for-profit to help expand workforce partnerships

Filed under: Uncategorized — admin @ 12:16 am

By Ben Unglesbee, Education Dive

The new public benefit corporation, called InStride, went live earlier this month, timed with the beginning of the annual ASU GSV Summit, a celebration of education’s intersection with commerce and technology. The Chronicle of Higher Education, which first broke the news of the for-profit entity, reported that Arizona State owns a minority stake in the venture, with the $2.1 billion Rise Fund, a private equity fund managed by TPG, as the majority owner.┬áIn a press release announcing its launch, InStride described itself as a “learning services enterprise” that intends to “achieve significant social impact” by partnering with companies that want to help their employees get a college education. It also credited Arizona State’s existing partnerships, such as that with Starbucks, as being “the catalyst for the new company.”

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