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PRINT THIS PAGE NVCA, NewSchools Venture Fund launch fund to improve US education system12/05/2008. Source: AltAssets. 
The US National Venture Capital Association and NewSchools Venture Fund have established a multi-million-dollar philanthropic venture fund focused on improving education in the US. The NVCA-NewSchools K-12 Education Infrastructure Fund will invest in start-up organisations aiming to build public schools by developing innovative human capital solutions and performance tools, according to a statement.
'The K-12 Education Infrastructure Fund offers a meaningful way in which the venture capital community can engage in the critical process of improving education in our country in a manner that is highly relevant to our business,' explained Mark Heesen, president of the NVCA. 'We are very enthusiastic about partnering with NewSchools, an organisation that has a proven track record of identifying and investing in education entrepreneurs who can make a real difference. We believe
the NVCA membership will bring their strong ideals and commitment to success to this exciting project.'
For every company in which the new fund invests, NVCA/NewSchools will hold a board seat.
Over the past ten years, NewSchools has managed three funds, totalling $125m. Its portfolio companies have included Teach for America, New Leaders for New Schools, Revolution Foods and sixteen charter school management organisations.
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