Nexford University (NXU), an online American university offering globally affordable education to learners worldwide, has closed its seed round of $4m, and has been licensed by the US’s Higher Education Licensure Commission (HELC).
The university, headquartered in Washington DC, analysed over 30m job vacancies, and surveyed the employers of 2.5 million people worldwide, to develop an academic model that will bridge the skills gap between learners and employers.
NXU announced that registrations for NXU’s pilot programme are now open to learners in Egypt, as well as markets such as the US, the Philippines and Nigeria.
“Egypt is one of the most important regions for Nexford, and we expect to see great results from learners based there,” Fadl Al Tarzi, CEO, NXU.
Al Tarzi, explained that middle-income Egyptian learners currently face a huge challenge, the necessity of learning skills that the labour market demands, and paying a high price for a quality education.
He continued that NXU is thus eligible to tackle this challenge, through bringing high-quality American education to Egyptians, with globally affordable fees.
For his part, Jay A Halfond, professor of the Practice, Boston University, and an advisory board member at NXU, explained that, the world can’t build enough residential campuses to keep up with demand. The university will tackle a critical global need and fill a current void: demand for affordable, credible education.
NXU offers the following degrees and certificates: Associate of Applied Science in Business (AAS), Bachelor of Business Administration (BBA), Master of Business Administration (MBA), nine undergraduate, and three graduate certificates in the field of business. It also offers a range of specialisations to match high-growth employment areas such as data science, sustainable energy, and artificial intelligence.