Expansion of training platform

  • Description
  • Updates
  • Comments

We started school management software desktop version in the year 2004, we were able to penetrate and sold for some schools but we suffered some challenges due to the present state of our economy. The issues ranges from irregular power supply, inadequate software knowledge, lack of IT exposure, and basically school owners were not ready for the development we brought. We came out Edtech arm of our company in the year 2013 by modifying our previous school managment software to the online portal. We made a better sales on this because the business environment and organizations have embracement digitization. Amount of investment sought – (Two hundred thousand dollars) US$200,000.00 -1st stage.

We started school management software desktop version in the year 2004, we were able to penetrate and sold for some schools but we suffered some challenges due to the present state of our economy. The issues ranges from irregular power supply, inadequate software knowledge, lack of IT exposure, and basically school owners were not ready for the development we brought. We came out Edtech arm of our company in the year 2013 by modifying our previous school managment software to the online portal. We made a better sales on this because the business environment and organizations have embracement digitization. The Funds or Finance will be targeted towards expansion of our existing portal, marketing both digital and physical, release of new product line, creating of better structure and expanding the brand. In summary the will use for horizontal and vertical expansion. By horizontal expansion reaching more market even outside Nigeria. By horizontal expansion, upgrade of existing products into mobile apps, expanding in more EdTech products or brands like e-learning for skill acquisition, certification and professional training and pre-primary and primary children products. We have a training platform already for IT skills and validations.


Let me start by saying between 2003 & 2013, we have experienced  tremendous growth and embracement of technology in Africa at geometric progression. Around  2003 , my IT firm in Lagos, Nigeria, started software developmental  . The products  or value I bring to clients include School Management software SMS, Hotel management software, Hospital or Health management softwares, developed by my company. With little time, I discovered that most prospective clients and market do not have computer systems, lack basic computer operation skills, no Internet connection and some of them that have computer systems were  running on 95 & 98 MS Windows. Swiftly, I went to table with my team  to review the market need. After the market need and assessment review we incorporated computer system vendor, training and maintenance to the service package I was providing.


Today  videos can be streamed in the remote villages in Africa, 6-10 years can use computer gadget and know most vital parts of computer and as well operate. From communication technology, agricultural technology, information technology, Artificial Intelligence Technology, financial technology to educational technology, Africa have experience tremendous growth in the last 15 years and still holds great opportunities and Potentials for investment according to Appsafrica.com.


According to Appsafrica.com, Africa is the the next digital Frontier market. With more than 700 million mobile subscribers and 30 million children missing school, there is need to integrate technology into education. Fintech startups dominated the chart in 2016 - 18.. EdTech  startups represent  5% investment flow into sub-sahara in 2016 and is rising steadily with about 4.6%. The top on investment destination on EdTech are South Africa, Nigeria, Kenya, Ghana, Egypt with emerging markets like Tunisia, Rwanda and Ethiopia coming up.


EdTech holds big volumes of investment opportunities and Potentials,  with startups on the increase. Any digital solution that will address the major problems of availability, affordability and accessibility of functional  education in Africa will be very impactful and incorporated into the learning process. Again knowledge is easily accessible now with technology but what is needed is skills and validation of those knowledge. With the trend EdTech will continue to be among the investors choice. We also look towards virtual classes and school mostly for pre-primary and primary children in near future made possible by EdTech.


Customer problem

…..……………….

Your Solution

…..……………….

Target Market

…..………………...

Business model

…..……………………..

Products & Services

…..……………….

Customers

…..………………….

Why you? - Your team, organisation

The Managing Director is Hector Fowobaje.

Economics - Princing, affordability

…..…………………..

Sales & Marketing Strategy

…..…………………..

Competitors & Competition Advantages

…......

Distribution

…..…………………..

Social impact

The School management software products targets schools and parents and students. It can be modified into mobile apps with chat room. Currently, it have interactive features like email, notice board etc. The product makes learning evaluation, monitoring and measurement very easy for teachers, students and parents.

Financial Projections

Funding is made directly by the Directors. Financial Returns/ Expectations & Target - : We expect a financial return of about 10% in the 1st 2 years and expect it to rise to over 50% within the following 5 years and could rise above 100% after 8-10 Years. Expectations on investment is positive and high going by the embracement of technology and what is going on in other sectors like Fintech.


Warning: Missing argument 2 for distribute_updates() in C:\xampp\htdocs\investinafrica\wp-content\plugins\idfu\idfu.php on line 106

This is a unique website which will require a more modern browser to work!

Please upgrade today!

Can I help you?
Powered by invest in Africa Now!

We are using cookies on our website

Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.