Coursera, the increasingly popular provider of free online courses, is beginning to make money.
The Silicon Valley-based company brought in $220,000 in the first quarter after it started charging for verified completion certificates, its co-founders said. The company also receives revenue from an Amazon.com affiliates program if users buy books suggested by professors.
“It’s the beginning of revenue,” said a Coursera co-founder, Daphne Koller.
Social media has proven successful in giving Iceland’s citizens a key to the government: For the past year, the country has used Twitter, Facebook and other sites to crowdsource provisions to its new constitution, and Icelanders seem happy with the final result.
The Finnish government has approved the technology behind a new ‘Open Ministry’ platform, which will act as a hub for citizens who want new laws voted on in the country’s parliament. But could that work elsewhere?
Crowdfunding has been producing spectacular results almost daily. (See sites like Kickstarter and Rockethub for examples). So what exactly is it?
"Crowd funding or crowdfunding (alternately crowd financing, equity crowdfunding, or hyper funding) describes the collective cooperation, attention and trust by people who network and pool their money and other resources together, usually via the internet, to support efforts initiated by other people or organizations." - Wikipedia
Designing and building things for the United States military is a notoriously slow-moving and costly endeavor. The time from idea to manufacturing for a new armored personnel carrier or a tank is typically 10 to 20 years.
The Defense Advanced Research Projects Agency wants to change that, and drastically so. It seeks to cut the design-to-production cycle to two to four years.