This document outlines plans for a new online university called the Next Generation University. The university aims to move beyond traditional knowledge dissemination to a model of mastery learning enabled by technology. It will offer personalized learning paths for students based on their competencies and allow them to learn through real-world challenges in online cohorts. The university expects to launch bachelor's and master's degrees in business, computer science, and sustainability starting in 2023, becoming accredited in Germany. It aims to scale rapidly using an artificial intelligence learning platform and partnerships with corporations.