Provide education free of charge for students in poor areas
Everything we need to create an engaging classroom experience
Solution for low-income schools to help tackle the education crisis
Long-term, I always wanted to provide millions of the world’s poorest children with quality education
To help provide millions of the poorest children in the world with a quality education, in a profitable and scalable manner.
To demonstrate to governments and donors that low-cost private education can help educate the poor in a cost-effective way.
Investing in affordable education is a venture fund investing in start-ups that deliver financial returns and high quality education
Demonstrate sustainable business models that can generate market models that can generate market financial returns over 5–10 years
Relentless focus on efficacy and learner outcomes
Target bottom-of-the pyramid/ lower income consumer markets
Have scalable, proven models and credible management teams
E-education includes class-cloud, an adaptive learning platform that can store and deliver digital content in both online and offline environments. Have developed an affordable blended learning model for the poor areas market.
Key to e-education’s scalability is the Kit — a one-off purchase that includes tablets pre-loaded with curriculum content, a classroom projector, a wifi router, and a classroom management tool for the teacher to track student progress. E-education is implement scalable, affordable technology to increase access to high quality education and bridge the achievement gap for students in low-income schools.
- The importance of a holistic approach
Pedagogy, technology & system change must all be used to achieve access，scale and quality in education
2. Focus on local costs and incentives
Illustrative Growth: There never a certainty of a hockey stick in revenues but it does happen quite regularly for costs.
3. Efficacy requires systems
E-education systematically embed efficacy in low-income schools
Efficacy must be a core pillar of mission
Focus on relationships & support on achieving efficacy targets
4.Investing in relationships pays
Investing heavily in on-the-ground support pays dividends
5. value of good governance
Creating good governance adds significant value for early-stage ventures
Strong presence in meetings
Must convene at least once every quarter
Enforce efficacy & financial reporting
Ensure that school report on agreed-upon efficacy and financial metrics
Monitor legal/regulatory compliance
Should to monitor compliance by schools with legal/regulatory requirements and behavioural standards
Prioritize strong relationships
Strong working relationships ensure that challenges can be resolved quickly and effectively to ensure success
Manage relationships with government and understand the boarder landscape
6.The talent pipeline
Attracting and retaining great talent require a bold yet achievable vision
Hiring talent to low-income schools is one of the hardest and highest value-add things. In the affordable education sector, good talent comes at a premium where people can afford to pay least.
Education start-ups often have either a strong business team or a strong education team but it’s rare(and important) to have both for success.
Investment deals often take much longer than expected to close; startups should plan for a potentially lengthy process and ensure they have sufficient runway.
7.Investments require a long time horizon
Venture investments will have a long time return horizon and require a tailored valuation approach
8. Insights don’t have market boundaries
Gaining insights in emerging markets is relevant for The Free Classroom Lab global businesses