An innovation fund used to attract technology startups to McKinney is attracting an educational platform that connects parents digitally with educators and learning resources.
Language Learning Market will create 17 new jobs over the next three years, with an average starting salary of $100,000. The company will use a grant from the city’s economic development corporation to expand its headquarters at Millhouse McKinney, a nonprofit aimed at improving opportunities for women business owners.
The digital platform, founded this year by CEO Allison Monroe, connects buyers and sellers in 7,000 languages and dialects, allowing parents to easily find content for their kids. Monroe said her technology empowers micro-level entrepreneurs to reach customers globally.
“This innovation center for the global education industry gives entrepreneurs and companies the opportunity to monetize their products while being the world’s only one-stop-shop for parents to find high-quality language learning content,” said Monroe in a statement.
The company is made up of three platforms: an online marketplace for buying and selling educational resources, an industry directory of educational businesses and schools, and a global media network dedicated to education for all. It has offices in Mexico, Jordan and India.
Danny Chavez, senior vice president of the McKinney Economic Development Corp., said the fund is looking forward to supporting female-founded startups like Monroe’s.
“We are excited to see Language Learning Market expand at a time where the education industry has undergone a rapid transformation brought on by the pandemic,” Chavez said in a statement.
The fund has brought multiple new jobs and startups to McKinney since 2020.
In the last two weeks, the fund announced a new headquarters for Aiotics, an early-stage artificial intelligence company, and a relocation of robotic technology firm Robin Autopilot USA’s corporate office from Irving. CourMed, MyTelemedicine and LocuMatch also recently opened headquarters in the city.
The city is looking to recruit software, cloud computing, artificial intelligence, fintech, cybersecurity, gaming, data analytics and renewable energy companies.