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NYU and Techstars launch competition for education access

Change-minded investors have been slow to back solutions to overcome barriers to higher education in the US, despite soaring student debt and race- and income-based disparities in attaining degrees.

The Algorithm for Change competition, hosted by NYU and Techstars, is offering $1.5 million to startups using artificial intelligence, machine learning, and virtual and augmented reality to improve access and achievement for low income, minority and first-generation students.

The Gates Foundation is backing the competition, which is open to for-profits, nonprofits and governmental organizations.

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