An amazing team with a keen vision to provide huge value to their target audience.
EduKit is a company with a great deal of promise. With a clearly articulated proposition, excellent market potential and a cracking team in place, expect to hear very big things from the company over the next couple of years. They are poised for growth, and I am delighted to be an early investor.
We help schools to raise attainment levels by connecting them with programmes run by charities and social enterprises that help young people. To do this, we are developing an online platform to evaluate student needs, match them suitable local programmes and measure the impact of the programme on their grades and behaviour.
EduKit is an online platform that will help young people by evaluating their needs and identifying programmes run by charities and social enterprises that can help their personal development.
Our innovative custom built online platform will:-
NB: The coalition government introduced the pupil premium in 2011 - a £2bn annual budget for schools to utilise to help students from disadvantaged backgrounds. But generally schools don't know how to find the right programmes for students and/or how to measure the impact of these on student development.
EduKit will create a marketplace where schools can find support for students who are the most in need of help and where agencies can find decision makers at schools who want to engage them. As nothing of this nature currently exists, we need to act fast and execute quickly. We are just completing our beta release and plan to be available across London by June 2015 and across the top 12 cities in England by June 2016.
NOTES: As an enterprise with a social purpose, we have attracted support from funders and accelerators without needing to release equity. The company is still owed 100% by the 2 co-founders.
We are developing an online platform to help schools by matching their students with all of the programmes and activities in their local area that can help them with their personal development.
We will charge schools a licence fee to use our platform and once we have scaled, also hope to be able to generate revenue from sponsorship and advertising.
We have no competitors are there is currently no database or system that holds information on programmes that can help young people and the results that they achieve.
We have a first-mover advantage and have already collated searchable information on over 700 high-quality programmes in London. For many of these we also have user reviews and ratings from teachers who have used the service in the past.
We have a highly skilled team which includes an IT project manager, IT developers, former staff / board members at charities and a teacher with experience helping students from challenging backgrounds. We also have excellent networks and are discussing partnerships that would allow us to reach up to 8000 schools.