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Kobo Launches 10 Million Dollar Reading Initiative

kobo [1]eReading leader Kobo [1] invites you and its over 3.6 million readers to participate in a new $10 million fund designed to inspire readers of all ages to read more and make a difference in their community. For every 10 million minutes read with Kobo up to one trillion minutes, Kobo will support an initiative suggested by Kobo customers to bring eReading to schools and communities in need.

“At Kobo we believe in the power of reading. Today, the average person spends five times more time watching TV than reading, schools continue to be underfunded and libraries are disappearing. We have an opportunity to change that with Read On,” said Michael Serbinis, CEO, Kobo. “At a time when technology is taking the printed word through an evolution, we are starting a revolution – a reading revolution.”

Kobo has created the One Trillion Minute Challenge [2] to inspire people to make reading a bigger part of their lives, and make a difference in their local community. Every minute read with Kobo counts towards achieving this epic challenge and funding eReading programs in schools and community organizations.

Readers can get started with Read On today by signing up online [2] and then:

For every 10 million minutes read, Kobo will make a contribution of eReading valued between $1,000 and $20,000 to a recipient chosen through the Read On program. Recipients will receive Read On kits including eReaders, eBooks and the materials needed to start digital reading programs in their community. Kobo is contributing the first million dollars and will work to enlist additional partners inspired by this innovative new program.

“With Read On, our goal is to bring reading to more people in more places, inspiring people to read more and make a difference in their schools and communities. Over 500 years ago, it took only one person and a printing press to start a revolution. Imagine what we could accomplish today if we just Read On,” said Michael Serbinis, CEO, Kobo.