From MIT News:
Harvard University and MIT today announced edX, a transformational new partnership in online education. Through edX, the two institutions will collaborate to enhance campus-based teaching and learning and build a global community of online learners.
The technological platform recently established by MITx, which will serve as the foundation for the new learning system, was designed to offer online versions of MIT courses featuring video lesson segments, embedded quizzes, immediate feedback, student-ranked questions and answers, online laboratories and student-paced learning. Certificates of mastery will be available for those who are motivated and able to demonstrate their knowledge of the course material.
MIT and Harvard expect that over time other universities will join them in offering courses on the edX platform. The gathering of many universities’ educational content together on one site will enable learners worldwide to access the course content of any participating university from a single website, and to use a set of online educational tools shared by all participating universities.
EdX will release its learning platform as open-source software so it can be used by other universities and organizations that wish to host the platform themselves. Because the learning technology will be available as open-source software, other universities and individuals will be able to help edX improve and add features to the technology.
The initiative will be overseen by a not-for-profit organization based in Cambridge, Mass., to be owned and governed equally by the two universities. MIT and Harvard have committed to a combined $60 million ($30 million each) in institutional support, grants and philanthropy to launch the collaboration.
EdX will be separate from ongoing distance-learning initiatives at both institutions, including MIT OpenCourseWare and courses offered by schools at Harvard such as the Harvard Extension School, Harvard Business School and Harvard Medical School.
The universities will work to develop further the online learning platform already begun with MITx and to populate the edX website with courses from the MIT and Harvard faculty. During the early stages, the two universities will work cooperatively to offer as broad an initial set of courses as possible. A first set of courses is scheduled to be announced in early summer and to start in fall 2012.
News Conference (May 2, 2012)