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Houghton Mifflin Harcourt Innovation Fund Now Accepting Submissions from Growth-Stage Businesses



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HMH investing up to $100 million to generate innovative products and services to transform K–12 education globally

Boston -- Oct 19th, 2010 -- Global education leader Houghton Mifflin Harcourt (HMH) today launched the submission process for organizations seeking funding from the Company’s $100 million Innovation Fund, announced this September. At www.hmhco.com/innovation/, growth-stage businesses can now submit education-focused business plans for consideration. Through the Innovation Fund, HMH will rapidly infuse capital into worthy ventures to help businesses fill market needs in the education space and promote student achievement.

The HMH Innovation Fund creates a formal process for soliciting, evaluating, developing and executing innovative ideas that engage all education stakeholder groups — including teachers, administrators, parents and students — to solve teaching and learning challenges.

Designed to incubate the next generation of breakthrough education tools and technologies, the Fund promotes and enhances student achievement, individualized learning and effective technology integration in the classroom. The Fund is aimed at supporting emerging education initiatives and programs and accelerating new technology development, with the goal of bringing to market and spurring adoption of innovative solutions that can play a critical role in transforming education.

In 2011, HMH will extend the Innovation Fund with the launch of the HMH Innovation Challenge. The objective of the Innovation Challenge is to uncover the best ideas from individuals, businesses and not-for-profits that address teaching and learning challenges globally. A panel of education thought leaders will select the winning ideas.

In addition to the Innovation Fund, Houghton Mifflin Harcourt will invest as much as $300 million over the next three years in developing innovation centers both in the United States and Ireland. Through these efforts, the Company is focused on developing new offerings ranging from virtual and online learning tools; to digital supplemental content to help students, teachers and parents to extend existing curriculum; to emerging growth areas such as education gaming and mobile application development.

To learn more about the HMH Innovation Fund, or to submit a business plan for new solutions that support teachers, students, administrators and parents, please visit www.hmhco.com/innovation/.*

*All submissions will be governed by the terms and conditions of the HMH Innovation Fund Submission Agreement.