VIDEO: Will Smith Planning to Start a School

12/12/2007 at 01:05 PM EST

Will Smith

Will Smith

Video courtesy Buena Vista Entertainment
Having immersed himself in educational theories while home-schooling his kids, Will Smith says he and his wife, Jada Pinkett Smith, plan to put that knowledge to greater use by teaming with like-minded parents and creating a full school.

The institution could launch next year, Smith, 39, said Wednesday on Live with Regis & Kelly. He didn't offer details, but said the idea came out of his family's experience in grouping home-schooled children together.

"We started home-schooling our children probably six years ago," he said. "We found about eight or nine other parents that home-school, so we put them together. ... There's just very powerful educational concepts that we believe in, and we feel like 'I want to design the system that revolutionizes public education.' "

The Smiths have two children together: Jaden, 9, and Willow, 7.

In 2005, Jada Pinkett Smith told Essence that the decision to home-school was based partly on the family's extensive travel schedule – but also on dissatisfaction with the other options.

"The school system in this country – public and private – is designed for the industrial age," she said. "We're in a technological age. We don't want our kids to memorize. We want them to learn."

On another topic, Will Smith said Wednesday that he and his wife aren't planning anything major for their 10th wedding anniversary, which falls on New Year's Eve.

"I've been saying, 'What do you want to do? It's been 10 years!' " he said. "And she was like, 'You know, pretty much we'll probably high-five, smack each other on the butt, say good job, and go to bed.' "

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