![]() New Harbor was first introduced to the Next Step founder, John Rood, several years before the transaction and orchestrated the combination when subsequently introduced to Blueprint co-founder Matt Riley in 2017. ![]() New Harbor’s investment was made by combining two previously separate businesses: NextStep Test Preparation, a provider of leading pre-health-related content, and Blueprint Test Preparation, a leading live and online LSAT preparation provider. Blueprint has produced unrivaled results, including industry-leading score increases for its pre-law and pre-med students taking the LSAT and MCAT. Blueprint leverages a unique approach that combines engaging video lectures, unparalleled expertise in content creation, the latest adaptive learning technology, and personalized study planning tools. We recently ran a two-part report on South Korea’s future role in the metaverse, and how it has positioned itself at the heart of the technology.Founded in 2005, Blueprint Prep (“Blueprint”, “the Company”) is the leading platform for high-stakes test prep in the U.S., offering live and self-paced online courses, private tutoring, self-study materials, and application consulting services for pre-law, pre-med, and medical school students, as well as prep materials for residents and practicing physicians, PAs and NPs via its recent acquisition of Rosh Review. But with the country’s plans of boosting the metaverse industry, Korea plans to respond to economic and social changes shaped by the market’s new culture. The ministry will also be organizing competitions on metaverse development and conducting hackathons for its students and start-ups.Īccording to reports, the South Korean market ranks 12th worldwide in terms of market share in the metaverse industry. The ‘Korean metaverse Academy’ is also expected to help metaverse start-ups worldwide to gain entry into the Korean market and become a medium for local content firms. Additionally, the virtual space will be used to promote many other Korean industries like medicine, arts, K-pop and tourism. However, the Korean government has made known its interest to build an online Korean language institute, for foreigners, across metaverse platforms. ![]() Lim Hye-sook, the Science and ICT Minister said, “Through this strategy, we will work closely with related ministries to steadily implement various support measures such as revitalising the industrial ecosystem, fostering talent, nurturing companies, and innovating regulations so that Korea can become a leading global metaverse country.”Ĭurrently, the majority of metaverse platforms are available in English. ![]() Not only has the government catapulted its metaverse business, but it has also revealed plans of creating a ‘metaverse academy’ a program that will train as many as 4,000 metaverse experts by 2026, explained The Information and Communications Technology ministry in the announcement. ![]() This includes helping companies build and set up metaverse platforms, aiding tech companies to grow in the market, training metaverse experts and ensuring a safe environment for every user. South Korea’s leadership also laid down a classification for the foundation of the metaverse industry, dividing it into a four-way subject plan. This blueprint will set up 220 metaverse companies with a sales volume of over $4.2 million. The South Korean government has shared its blueprint for strengthening its economy’s metaverse ecosystem as it aims to make it the fifth-largest market by 2026. ![]()
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