iversity, one of the leading European MOOC platforms, announced three new types of certifications along with the list of new courses for the spring semester 2014.
The certifications come in a three tier plan, priced at €49, €99 and €149.
iversity is focusing on generating revenue early on as this tends to be the most difficult part in this highly popular vertical of the education market. US-based competitor and non-profit edX just recently hired Wendly Cebula, a former Vistaprint executive, as new president and COO. Her main job is to find ways to generate revenue in order to make the MOOC platform self-sustained. Coursera, on the other hand, still seems to focus on growth, especially in China as the hire of former Yale president Richard C. Levin shows.
iversity already generated first revenue through students who wanted to obtain their ECTS credit points in the 2013 fall semester. To offer students on the platform more options, iversity now offers three different kinds of certifications in some of the courses that launch in the spring semester 2014.
- Blue – The examination consists of tasks that can be automatically evaluated by computer, i.e. free text and multiple-choice tests. Price: 49€
- Green – The exam or assignment will be evaluated manually by qualified correctors according to the course instructor’s correction guidelines. Students also receive personal feedback and an individualised assessment of their exam. Price: 99€
- Gold – The examination will be held simultaneously on-site at several locations and then manually corrected. Again, each student will receive individual feedback. This option also allows for the awarding of ECTS credits, which can count towards university degree, similar to a study-abroad program. Price: 149€
The exact format of the exam is chosen by the course instructor. The Blue and the Green exam options use a special software that will verify the identity of the participant.
“The new examination methods and certificates are a huge milestone for us, our partners and our online learners. Online students can have their learning achievements officially recognised and MOOCs take a major step towards becoming more integrated into the existing educational landscape.”
states Hannes Klöpper, managing director of iversity. A list of all new courses can be found here.
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- HEDLINE: Former Yale President Richard C. Levin joins Coursera as CEO | EDUKWEST