Fora deck jan 2014

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IYINOLUWA ABOYEJI | FORA.NG | [email protected]

Transcript of Fora deck jan 2014

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Mission

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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.

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What we do

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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

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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...

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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

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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.

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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

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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

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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

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"Education is the most powerful weapon to change the world."

-Nelson Mandela