|Current Status||Concept / Business Plan|
|Funding Required||RM300,001 to RM600,000|
|Description||edu8.my is a cloud based School management system start-up looking to revolutionized the way Asian students, teacher and parents interact and study in schools by creating a user friendly, no technical knowledge required single learning platform. edu8.my provides:
Student: Easy access to school textbook, homework and notes both offline and online. students can create notes which can be simple formatted text, pictures, voice memo or a hand written note. Notes can be shared, tagged annotated, edited, given comments, searched and exported by teacher, classmates and parents via wifi synchronization.
Teacher: Easy access to teaching schedule, textbook, teaching references, students homework and examination question bank. Teachers can created study notes and homework to be shared by students. Examination can be prepared and be taken via the platform with auto marking solution. Examination score will be stored in students profile and shared with parents.
Parents: Easy access to student homework, progress report and examination score. Parents can also interact with teacher via the platform chat system.
|Business Opportunity||The popularity of e-book led to the need to re-evaluate of education system that is traditionally based on the printed textbooks. While the use of printed books have a lot of constraints in terms of cost, many studies highlight the advantages of digital textbooks. As a learning medium of the 21st century, digital textbooks are said to be able to solve various problems of teaching and learning.
Malaysia launched its digital textbook program on February 1, 2014. Covering a total 10,094 primary and secondary school students and excess to over 300 digital versions of textbooks via the 1Bestari Net system. It can be accessed online by students, parents and teachers. 1Bestari Net project is implemented by the Ministry of Education through Malaysian Education Development Plan (MECC) to enhance teaching and learning process and to bridge the digital divide between rural and urban students.
The implementation of the system enables mobile learning or m-learning and learning in any place or u-learning are two trends to enhance e-learning initiatives. In the first wave (2013–2015) program, the ministry upload 313 titles accessed free of textbooks via the portal 1Bestari Net. For the second wave (2016–2020), the ministry plans to produce the interactive textbooks for the selected subjects, which contains elements of text, graphics, audio, video and animation to help students in teaching and learning.
The third wave (2021–2025) will see the publication of digital textbooks for all subjects including for students with special needs.
|Revenue / Business Model||edu8.my competitive advantage will the the “Per User, Per Month” payment methods. This will not only allowed school to immediately use edu8.my but its also provides opportunity for school to gradually increased the users. edu.8.my will only charge a flat rate of MYR 5.00 per user for every School month.|
|Management Team||edu8.my is founded by Mikhael RishiI, having work in the Aviation Industry as a Business Development Manager, Tourism Industry as a Chief Operations Officer and Education Industry as a program Director. I have a total of 12 years working experience in growing businesses and have interacted with various levels and functions of government and business.|
|Company Background||edu8.my plans to provide a digital learning cloud base solution to students, teacher and parents to meet the Malaysia Education 2013 – 2025 blueprint requirements. edu8.my plans to provide its solution to over 400,000 students in both the primary and secondary schools in Malaysia over a period 8 years which is about 10% of the overall students population in Malaysia.|
|Funding Milestone||The start-up costs of edu8.my consists of office rental, purchasing of equipment, go-to- market expenses and hiring of key personnel. The founders are currently seeking for a USD 500,000 seed funding from potential investor which will be use for a the day to day operations needs for the next 2 years.|
|% Equity Allocation||25%|
|Business Address||Seremban, Negeri Sembilan|
|Contact Person||Mikhael Rishi|