EXCLUSIVE – Albert School, the new business & data school, raises 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 of the 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 in the economy of the future”, as Grégoire Genest explains. Together with his two partners, this polytechnic, who was already an entrepreneur in the past (Neos, a payment solution sold to Lyf Pay), envisioned 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 groups who need talent as part of their digital transformation. We were quickly approached 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 on 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 Parisian campus of 2,700 square meters, located in a former pottery factory in the 10th arrondissement.

For their first bachelor promotion, the three co-founders aim for 60 students to start with. Some special profiles, exactly! “We recruit high school students with a real affinity for mathematics, who are also attracted by business. They don’t see themselves becoming engineers, but they also don’t want to miss out on 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 will consist of three main blocks: data, mathematics and business, with a mandatory internship of at least 5 months in a third-year company. After this bachelor’s degree, 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 start of the academic year 2023, in accordance with the affiliation and wishes of our students”, notes the founder. The “Business & data” bachelor’s degree, over three years, has a level 6 RNCP title that certifies a bac+3 equivalent.

Think and convince

Price for this new school: 12,000 euros per year. In order to reduce the bill, the institution proposes to complete the third year of the bachelor’s degree as well as the master’s degree 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 financing 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 will open 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 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! For example, our math teacher went to Polytechnique and Berkeley and was a data scientist. That of data co-founded Dailymotion and teaches python at Sciences Po… In terms of business subjects, our speakers work in marketing, finance and are also professors at major schools », explains Grégoire Genest. Another central argument, its shareholders and partners, whose names are intended to reassure worried parents.

Goal: eventually attract 160 students per class, i.e. 800 students in total. It is now left for this new school to prove itself, both in terms of pedagogy and academic integration.

Leave a Comment