July 2, 2019
Voqal is excited to announce a new round of Education Opportunity Project investments focused on supporting companies who are on the forefront of creating innovative solutions to addressing the educational opportunity gap. The investments of $95,000 in ParentPowered, $82,000 in MathTalk and $50,000 in Principal Interest reflect Voqal’s belief that one of the best ways to achieve a more socially equitable world is by supporting the innovators and the cutting edge ideas needed to create a more educated and empowered public.
Palo Alto-based ParentPowered is a Public Benefit Corporation (PBC) that runs the service Ready4K. Developed by educational researchers, Ready4K is an evidence-based family engagement curriculum delivered via text message. Each week, parents and caregivers receive facts and easy tips on how to promote their children’s development by building on existing family routines.
Boston-based MathTalk uses augmented reality, designated installations and a mobile app to develop what they call “hotspots for early math learning” to initiate and sustain positive adult-child early math experiences. Its mission is to inspire children, especially those living in economically depressed communities, to discover, playfully explore and talk about math in the world around them.
Detroit-based Principal Interest is a college loan guidance company that uses a behavioral science approach to help personalize student loan repayment and help students build a healthy credit profile. This solution is especially geared to serve disadvantaged students and those who may lack the tools or social capital to efficiently and effectively repay loans, further damaging career and life opportunity prospects.
Voqal’s Education Opportunity Project seeks to measurably reduce educational opportunity gaps by providing capital and strategic advice to entrepreneurs and organizations working to improve educational outcomes for disadvantaged populations. We believe these companies are exactly the type of change agents envisioned by this program and look forward to the more equitable educational system that will no doubt result as these businesses continue to grow.