Fora deck jan 2014
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Transcript of Fora deck jan 2014
Mission
2
VisionTo be Africa’s largest and most trusted online education brand.
MissionTo provide young Africans with access to the highest quality
education at affordable prices.
What we do
3
Fora is an online marketplace for young Africans looking to enroll in accredited online courses and degree programs from the world’s best Universities and
professional organizations. Thus, allowing them to advance in their careers or find a job without having to leave the country to study.
What we do
Our Model
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1) Educational partners supply online courses and resources to Fora
What we offer
• Online courses• Virtual Labs• Professional Exams• Fully Online Degree,
Certificate and Diploma Programs
3) We Distribute to young professionals and students across Africa
Online Mobile Offline
Our Technology
2) We provide a technology platform with online courses to students
Online Education Providers
Open Education Resources
Direct to End User
Young ProfessionalsStudents
University students and young professionals can
buy online programs directly from us through
our marketplace at Fora.co
and more...
&
and more...
Marketplace
Students can easily search through and enroll in any one of our 500 courses
Fora Online Marketplace
STUDENTS PAY US DIRECTLY ONLINE IN THEIR CURRENCY
N20,000
The Hub enables multiple devices within a defined area to stream high quality educational content from a Raspberry Pi hosted Media Server without any need to connect to the internet. This offline solution is for individuals and educational institutions who wish to provide their students with access to high quality open educational content also available online without bearing high bandwidth costs
Our Products
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Online
Mobile
Offline
Fora Hub
Fora is an online marketplace that connects young African students and professionals with accredited online courses and degree programs from the world’s best Universities and professional organizations.
Learn on the go from a tablet or mobile phone through Fora’s mobile learning environment.
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E-Learning is now an attractive and rapid growing option for many African students due to costs and obligations with leaving the country to study.
The Opportunity
Young professionals want to gain new credentials that will help them get ahead in their careers don’t want to risk leaving their comfortable jobs and their young
families to do so.
0
150
300
450
600
2013 2014 2015 2016
328380
438
512
43 59 77 96
NigeriaAfrica
5-YearCAGR23.3%
In Million $
Why Now: eLearning Opportunity
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Revenue Forecasts for Self-paced eLearning in Africa
Africa is the world's fastest growing market for self paced e-learning productsSource : Ambient Insight Regional Report : The Africa Market for Self Paced E-Learning Products
Revenue Model
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Content Partner Insurance Export Development Canada (EDC) insures 90% of our total revenues up to $4.5m against political risks that might affect payments so everyone involved can feel rest assured.
Fora earns between 15-20% on every course that is sold through our marketplace.
PaymentsWe allow students to purchase courses in their local currency to help them avoid complicated transactions.
ForaEducational PartnerEDC
80%
19.5%
0.5%
Revenue$30,000 in 2014
500 Students
CEO
Iyinoluwa Aboyeji
Corporate Profile
Ian Carnevale Nadayar Enegesi Yvonne JohnsonCOO Director of Engineering Business Development
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Obiageli EzekwesiliFormer Minister of Education,Federal Republic of Nigeria
Advisor Investors
CEO, Bookneto Inc (acquired)Ex UN Youth Policy Advisor
Former President, Imprint Pub.WEF Global Shaper
Founder, Nightkeys (acquired)Co-founder, CHG
Founder, GettingSocial.caFounder, Learnville.com
BSc. CS University of WaterlooEnterprise software experience at OpenText, MKS, BBS Securities,
BNotions.
BSc. CS University of TorontoMBA, Kellog School of Management
Head of Corporate Strategy, First BankEx Merrill Lynch, Diamond Consultants
"Education is the most powerful weapon to change the world."
-Nelson Mandela