New Nobel-type prize planned for teachingThe Washington Post.
The prize, described as the largest of its kind for higher education, is part of the start-up of the for-profit Minerva Project, which aims to open an institution of higher education in the autumn of 2015. “Effectively it is a Nobel prize for teaching,” said Ben Nelson, Minerva’s founder and chief executive and former head of the online photo company Snapfish.
The San Francisco-based company has drawn notice for raising $25 million in venture capital and recruiting Lawrence H Summers, the former Treasury secretary and former president of Harvard University, to serve as chairman of its advisory board.
Full report on The Washington Post site