New York University has partnered venturing fund Rethink Education and trade advisory network StartEd for the accelerator, which could lead startups to a $170,000 follow-on investment.

Faculty and students from New York University (NYU) will assist startups in a US-based edtech accelerator launched by NYU, venture firm Rethink Education and advisory network StartEd, EdSurge reported yesterday.

The program, dubbed NYU Steinhardt Edtech Accelerator powered by StartEd, has chosen 12 startups operating in the edtech sector, ranging from kindergarten-focused technologies to industry communities designed to improve regulatory compliance.

Participants will receive a $20,000 upfront investment before spending three months attending development workshops and receiving advice on presentation…