Gates Foundation Invests $2 Million In Social Media Education Company Inigral

The Bill and Melinda Gates Foundation has invested $2 million in social media education company Inigral. Inigral created an app on Facebook called Schools and this is the first time that the Foundation made a direct equity investment in a for-profit company.

“Our Schools App can increase a student’s sense of belonging and integration within an institution, lowering the chances of attrition,” stated Inigral co-founder and CEO Michael Staton. “What we do is make sure that when students arrive they either already have assembled or [can] very quickly assemble that kind of peer support.”

The Schools application turns Facebook back into the way it was where you need a school e-mail address to sign up. Then the student can interact with clubs and campus organizations to discuss admission and campus-related issues/events.

[CityTownInfo.com]

Related posts:

1. WPP Invests $5 Million Into Social Media Software Company Buddy Media
2. Gates Foundation Working With ABC News On Global Health Initiative
3. K-12 Education Social Network Edmodo Hits 1 Million Users
4. Bill Gates Adding $100 Million To Foundation For Battling Polio [VIDEO]
5. Harrisburg University of Science and Technology Blacking Out Social Media For A Week