Minerva, online learning college, plans $500,000 prize for innovative teaching - Nick Anderson, The Washington Post

Entrepreneurs seeking to build an elite global university based on new ways of teaching online announced Monday the creation of a $500,000 prize to be awarded each year to an educator “whose innovations have led to extraordinary student learning experiences.” 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 fall 2015. “Effectively it is a Nobel Prize for teaching,” said Ben Nelson, Minerva’s founder and chief executive and former chief executive of the online photo company Snapfish. http://bangordailynews.com/2013/04/22/education/minerva-online-college-plans-500000-prize-for-innovative-teaching/