EXCLUSIVE – Albert School, the new business & data school, collects 8 million from unicorns

It does not exist yet, and yet it is already surrounded by big names: Xavier Niel (Illiaden), Bernard Arnault (LVMH), Pierre-Edouard Stérin (Smartbox) … The army of supporters at Albert School continues to grow, since the future data-oriented business school announces a new fundraising of eight million euros with eight founders of French unicorns. Among these new partners are Payfit, Veepee, Contentsquare, VestiaireCollective, Voodoo, Jellysmack and ManoMano.

The project for this new company: “create the talents of tomorrow’s economy”, as Grégoire Genest explains. Together with its two partners, this polytechnician, who was already an entrepreneur in the past (Neos, a payment solution sold to Lyf Pay), imagined a training course for managers, both business and data-oriented.

“The economy has been completely transformed by technology, by start-ups that have become unicorns for some. This also affects large corporations that need talent as part of their digital transformation. We were quickly contacted by French entrepreneurs, especially unicorn creators, who loved the project. “, he explains and emphasizes the need for well-educated tech profiles, the lack of which is well known in the labor market. Its goal: to respond to this with hybrid profiles between business and data.

60 students in first grade

So what will this future school look like? The Albert School opens its doors next September with a first 2,700-square-foot Parisian campus, housed in a former pottery factory in the 10th arrondissement.

For their first bachelor’s promotion, the three co-founders aim for 60 students to start with. A little special profiles, exactly! “We recruit high school students with a real affinity for mathematics, which is also attracted to the business community. They do not see themselves becoming engineers, but they also do not want to miss data and mathematics in the commercial sector. ”, says Grégoire Genest. Recruitment takes place outside Parcoursup, with an online test and an oral interview.

Each semester of this bachelor’s will consist of three main blocks: data, mathematics and business, with a mandatory internship of at least 5 months in a company in the third year. After this bachelor’s program, Albert School plans four master’s degrees: “entrepreneurship”, “blockchain & web3”, “finance & AI” and “marketing & AI”.

The school has not yet decided which of these four themes will open first. “The first year of one of them will be created at the beginning of the academic year 2023, in accordance with our students’ affiliation and wishes”, notes the founder. The “Business & Data” bachelor’s degree, over three years, has a level 6 RNCP title that certifies a bac + 3 equivalent.

Ponder and convince

Price for this new school: 12,000 euros a year. In order to reduce the bill, the institution proposes to complete the third year of the bachelor’s as well as the master’s program in work studies in connection with one of its partners.

“These seven unicorns, whose founders have invested, all have recruitment needs over the next few years. They are happy to switch because they need talent now. This will allow our students to take their first steps in business. while funding their studies », comments Grégoire Genest. The first two years would thus be the only “paying” years for young people. The school has developed partnerships with banks and prepares scholarships for those who need them.

The campus, which opens in September 2022, is based at 18 rue de Paradis, in the 10th arrondissement of Paris. On the menu: mathematics, data, business (finance and marketing) and the humanities (communication, change management, ethics of AI).

How do you convince parents when setting up a new school in competitive higher education? “Already with high-level teachers! Our math teacher, for example, went to Polytechnique and Berkeley and was a computer scientist. The one from data helped found Dailymotion and teaches python at Sciences Po … In terms of business subjects, our speakers work with marketing, finance and are also professors at major schools », explains Grégoire Genest. Another key argument, its shareholders and partners, whose names are meant to be reassuring to worried parents.

Goal: in the long run attract 160 students per. class, i.e. 800 students in total. It is now up to this new school to prove itself, both in terms of pedagogy and professional integration.

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