Readlee, a company which uses artificial intelligence to track students as they read, was recently announced as the winner of this year's Milken-Penn GSE Education Business Plan Competition.
Credit: Yosef RobelePenn's Graduate School of Education recently announced the winners for this year’s Milken-Penn GSE Education Business Plan Competition. The grand prize winner was Readlee, a company which uses artificial intelligence to track students as they read.
The Milken-Penn GSE Education Business Plan Competition has been running since 2010. Entrants to the competition are asked to present an educational venture that addresses issues in education today. Finalists pitch their ventures to a panel of judges and are able to win cash prizes, GSE reported. This year’s prizes ranged from $40,000 for the grand prize winner to $5,000, with all finalists receiving $6,000 in prizes.
Other winners this year included HomeWorks Trenton, a residential after-school program for high school girls; Weird Enough Productions, a media and youth education company; and 9ijakids Educational Games, a company that produces educational apps.
“The 2021 winners—along with each of their fellow competitors—offer us a bright vision of the future of education,” Catalyst @ Penn GSE Executive Director Michael Golden told GSE. “These entrepreneurs have created unique and targeted solutions to support everything from literacy and parental engagement, to career mentorship and guidance, and they share in their commitment to pushing forward educational equity in the United States and beyond.”
Past winners of the competition include Fulphil, a program founded by a Penn graduate. Several Philadelphia area companies have also won the competition. The competition has awarded more than $1.5 million since its 2010 founding, GSE reported.
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