Similarly, preliminary evaluations of the Edison Project, a private firm which manages 12 local schools, demonstrate that students have made significant academic gains on student achievement tests in three of the four Edisonschools that opened in 1995.
In 1991 Christopher Whittle, a media entrepreneur, and Benno Schmidt, a former president of Yale University, founded the Edison Project, with plans to create a chain of 1, 000 for-profit schools.