President Obama Announces $400 Million in Pledges for Education

AP Photo/Larry Downing

Adobe made a $300 million commitment to bring free software to students and teachers, while Prezi is providing $100 million in Edu Pro licenses.

Continuing in his commitment to getting America's students connected, President Barack Obama has announced $400 million in new private sector commitments towards his ConnectED goal.

Adobe will provide $300 million of the funds in the form of free software for students and teachers, including Adobe PhotoShop and Premiere Elements, and Prezi is pledging $100 million worth of its Edu Pro licenses.

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The announcement is part of Obama's commitment to get 99 percent of America's students connected to next-generation broadband and wireless technology within five years, and are in addition to the $750 million in commitments that the president announced last month. 

The White House will also be hosting the first ever student film festival and as part of the event Fox and National Geographic Channel will give finalists a sneak peek on Friday at the first episode of the upcoming Cosmos: A SpaceTime Odyssey television series, produced by Seth MacFarlane and Carl Sagan's widow, Ann Druyan. The series, hosted by Neil deGrasse Tyson, celebrates the importance of science, technology, engineering and math education.

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Over 2,000 videos were submitted into the competition, showing how technology is used now and in the future, and separated into four groups: Young Visionaries; Future Innovators; World of Tomorrow and Building Bridges. The films will be presented by Kal Penn, Neil deGrasse Tyson, Bill Nye, and AFI President and CEO Bob Gazzale, with Conan O'Brien also addressing the students.