Napa, Ca July 1, 2014– The KnowledgeWorks Foundation announced today it will spinout California-based New Tech Network (NTN) to become an independent non-profit organization, in order to advance NTN to the next stage of the innovative school network’s growth.
The spinout is being led by long time NTN supporter and KnowledgeWorks board member Barry Schuler. The Schuler Family Fund has agreed to seed an initial $10 million grant and KnowledgeWorks is committing an additional $1.5 million. Schuler is spearheading additional development and matching efforts. The new financial support for NTN will fund
ongoing operations and new program initiatives.