$6 million to fund an institution that would be capable to educate an infinite amount of students throughout the world sounds ambitious if not crazy.
Nevertheless Shai Reshef, founder and president of the University of the People says that those $6 million would be sufficient to enable the non-profit to reach sustainability and to fulfill its goal - forever.
In case you haven’t heard of UoPeople yet. Founded in 2009 by serial entrepreneur Shai Reshef the University of the People was the first tuition free, peer-to-peer institution based on Open Educational Resources. Students just pay a very low one time fee, $10 to $50, depending on their country of residence.
Currently UoPeople has accepted more than 1200 students from 120 countries. Some of these students are living in refugee camps where partners of the UoPeople give them access to the Internet.
» via BigThink
It would take even less $$ if the intellectual property laws weren’t used as a weapon. The knowledge, technology, and will is already here.