Here are some interesting headlines from recent articles on funding for OER and higher education publishers. There are lots more of these!.
Lumen Learning Quietly Raises $5M From Textbook Publisher Follett
Knewton’s New Business Attracts New $25M in Funding
This Funder Just Gave $9 Million to Design the Textbooks of Tomorrow
Inside Philanthropy 10/13/2014
Given to OpenStax by Laura and John Arnold Foundation
It is fun to think where we would be if we had the millions of dollars in funding that the free textbook publishers have. We are self-funded, and the investment doesn't come close to what OpenStax, Lumen Learning, and the other OER publishers have received in funding. I am actually glad that we didn't have more money in the beginning because we would have wasted it. But now we are very efficient and the $5M or $10M the other publishers have received would go a long way with us; we probably have the highest return on investment of any of the small publishers And who would benefit the most if we had more funding? Students. Remember, we are the only publisher owned and operated by someone with over 30 years of experience in the higher education classrooms, who enjoys teaching developmental mathematics. We know our students, we are on their side; we want them to be successful. You can support us by using one of our textbooks in one of your classes.
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