Draper University of Heroes is launching the first session of its online school this September that will run in tandem with its existing boarding school at the former Benjamin Franklin Hotel in downtown San Mateo.
The online school is now accepting applications from entrepreneurial students of all ages from the world over and will provide an opportunity for anyone unable to attend the boarding school to have access to Draper University’s long list of industry giants and its cutting-edge curriculum.
Online school students will receive the same level of entrepreneurial education and should expect to spend at least 20 hours each week on their studies. The introductory session is being offered at a discounted rate of $399 for the seven-week session.
The price will increase for following sessions, the school announced yesterday.
Students who now board at the university pay $9,500 a session.
For the initial launch of the online school, Draper officials expect a few hundred to sign up. Going forward, however, there will be no limit to the number of students.
University officials decided to expand its program in response to the growing demand from entrepreneurs who are unable to attend the exclusive boarding school.
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“Online education is here, it’s real and it should be an integral part of any educational institution. We are changing the lives of so many more aspiring entrepreneurs by addressing their global needs with our disruptive, groundbreaking curriculum,” Tim Draper, founder of Draper University and co-founder of Draper Fisher Jurvetson Venture Fund, wrote in a statement.
Courses offered to online school students are identical to those offered to students of the boarding school program. The courses cover business basics and startup strategies but do so by using experiential hands-on methods unique to Draper University. Classes will include both individual assignments and teamwork projects based on interest, geography and background.
The university has already had millions of dollars in venture capital investments handed to its students after they completed a session.
Applicants interested in the online school can apply online at www.online.draperuniversity.com. Fall Session applications for both the online school and boarding school are due Aug. 5.
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