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Khan Academy gets $5M Investment to Promote Online Education

The O'Sullivan Foundation has donated $5 million to the Khan academy, a non-profit online teaching business, so that the academy can hire more teachers and also improve its curriculum.

This academy was started by Salman Khan who produced his own low budget short YouTube video tutorials on subjects like science and maths.

These videos gained fast popularity among students, and in many school districts these videos have been incorporated as part of their curriculum, the San Francisco Business Times (opens in new tab) reports.

The $5 million will be spent on hiring five new teachers and also enables the inclusion of new subjects. The subjects taught will fall under technology, science, maths and engineering - also known as the STEM subjects, which can be easily taught online.

A considerable amount of money will also be spent on "crowdsourcing" which means getting ideas related to teaching from all over the planet. The third and last part of the money will be spent on alternative methods of teaching, that is, offline methods in the classroom.

The very first "summer school camp" will be held in June next year by the Khan Academy. This camp will also be used as a laboratory to check some new teaching ideas.

Désiré Athow

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.