The global higher education sector exceeds $1.5 trillion and is undergoing rapid transformation from technology, globalization, and waning government support (going from a public to a private good). While the exact future remains unclear, its contours are clearly discernible: a vastly greater role for online delivery; much more transnational activity; increased efficiency through focus on competencies; lower cost and increased accessibility; and increased involvement of the private sector in delivering higher education.
The HE private sector is currently $100 billion in size, but is poised to grow for two reasons. First, traditional colleges and universities need help navigating any of these changes. Second, there are no structural or political barriers prohibiting universities from partnering with private companies to do so. So there is a huge opportunity for market-driven, student-centric companies to help our colleges and universities manage the future.
University Ventures believes: