Introduction Many investors find it challenging for capital raising for EdTech Startups. There are many strategies to apply to this area. In this guide, we will discuss the key areas of capital raising strategy for EdTech Startups. This might open your eye to many ways to gain funds. Certain ways might be new to you as well. The following are the five main capital raising strategies for EdTech startups: Bootstrapping Crowdfunding Angel Investors Bank Loans Fundraising Contests Let's shed light on these key points. Bootstrapping Bootstrapping is another technique for capital raising strategies for EdTech startups. Bootstrapping is applied only if EdTech is a small-scale business. In bootstrapping, you can borrow money from your family and friends to start up a business. It doesn't mean you don't need to support it with your funds. Initially, the capital of the business is yours as you are the key stakeholder. Apart from that, you can borrow money from your family and friends on a loan basis or as gifts. You can promise to pay it back with a small loan percentage or without a loan percentage as well. That depends on who you borrow. Bootstrapping is a wonderful capital-raising strategy for EdTech startups. It gives a lot of flexibility to get funds as well. You can borrow money with a fair interest rate and a flexible payback plan that is accommodated by your family or friends. The main limitation of bootstrapping is that you cannot apply this concept to large-scale businesses. Large-scale businesses require a huge amount of initial capital. But for medium-sized or small-scale businesses, bootstrapping is a key technique to raise funds for EdTech businesses. Crowdfunding Crowdfunding is the main means of capital raising strategy for EdTech Startups. Due to the existence of modern technology, it is easy to perform crowdfunding these days. To perform crowdfunding, you need to publish a business pitch on any of the public crowdfunding platforms. Then, there are crowdfunders available on those platforms as well. They would check out your business idea. If they are interested, they would donate their funds to support your business model. Finally, you'll have a sufficient amount of funds to start up your desired EdTech business. There are two main other benefits of Crowdfunding. The following are the two key benefits of crowdfunding: Gain funds to start up the business Obtain free marketing On these platforms, you elaborate on your business idea, and interested people will look out for it. Then, they would talk about your business idea with multiple people. Ultimately, you gain free marketing as well. The limitation of crowdfunding is that plenty of people use this technique to raise money. So, it is challenging to survive in this business market. You might end up with many competitors as well. They might have identical ideas or ideas in the same field. Moreover, the best EdTech idea wins a huge lot of funding. Angel Investors Angel investors, just as its name signifies, are called Angel Investors. They are engaged in investing huge amounts of funds in EdTech startup businesses. This type of investor consists of a huge amount of money or net worth and they are mostly engaged in investing in small EdTech ideas. Certain Angel investors invest in large-scale business ideas as well. But to do so, your idea has to be mind-blowing and catchy. So, it depends on how you present it and the reach of your idea. Angel investors invest through crowdfunding platforms as well. But as they also have to bear a pool of risk, very few angel investors invest a huge amount nowadays. So, depending on the way your business idea impresses a person, such investors would come forth to pat your shoulders. The main advantage of Angel investors is, that they not just invest funds, as they consist a huge experience in investing in many startups, but they would provide mentorship as well. If you gain mentorship from an experienced and skilled person, that would reach you to an extra level of height. Fundraising Contests Fundraising contests are another interesting capital raising strategy for EdTech startups. There are many competitions for entrepreneurs and startup ideas. You can enter those contests with a strong and reliable business idea. Make sure your business plan is appealing, unique, and interesting as well. This is also like crowdfunding. In crowdfunding, you don't compete directly, but in fundraising contests, you compete directly with your competitors. Apart from the battle between winning and losing, you get a chance to exhibit your idea to the world. There might be many investors watching your contest. Even if you don't win, if your EdTech idea attracts an investor, you might get in touch at least for a small number of funds as well. Fundraising contests are not just about winning or loose. Even if you don't win, you won't end up with an empty pocket as well. Believe in the fact that strong and life-changing ideas win. It might not happen immediately, but at least would happen soon. Bank Loans Bank loans are the main means of capital raising strategy for EdTech Startups. This is mainly specialized for large-scale businesses. There are many banks and financial institutions who are willing to provide loans to start up EdTech ideas and entrepreneurial ventures as well. If you have a strong and catchy business plan in terms of your idea, timeframe, profit generation, expenses, capital raising methods, and many more! As you know, banks are very strict about giving bank loans. You have to follow many procedures to borrow money from banks as well. It might be frustrating, but if you require a huge amount of capital, the bank is the main source to fund you. You need to give them a structured view of how you would repay their loans as well. This is the main point they consider. If you have a reliable way to pay back, there are more chances of gaining the essential fund in your pocket. Also, make sure your previous bank dealings are very smooth and good-going. If you had ended up with any inconveniences or clashes, that would tighten you up to get the loan on time. Banks are mostly willing to invest in large-scale businesses as well. If you find difficulties raising money, do keep an eye on the banks to approve some funds. The only limitation is that if you fail to pay back the loan, the consequences you face might be too heavy to bear. So make sure you have a stable startup strategy and a Plan B to pay funds. Conclusion In conclusion, we discussed the five main ways of capital raising strategy for EdTech Startups. They include Bootstrapping, Crowdfunding, Angel Investors, Fundraising contests, and Bank loans. All these are key areas for the application of capital raising strategy for EdTech Startups. If you need any help concerning this, don't hesitate to Contact us. We are all ears available for your service.
Introduction. Coming of age generation and cutting-edge technology, both go hand in hand. Education is not just a way to progress in life but also a determining feature of today’s generation. With the introduction of technology, people are now so habitual of comfort and ease that it gave rise to many educational tech giants. But that did not suffice the demand for the Ed-Technology and Educational App Solutions. The high soaring demand tried and tested reviews, and word of mouth- altogether gave the needed push to the industry. The popularity and overtime success inspired other players to jump into the game and begin their endeavour. Making ed-tech products, specifically, an educational app today is not as hard a task as it used to be in the past. And that shall be the discussion for today’s blog. How to build an Ed-tech App, how to find resources, and what all should you know? Let’s find out. Who uses the Education platforms? People grow older but learning never stops, a fact that laid the foundation for education and learning as a process. The learning phase of every individual is their entire lifetime and so is the case with education. Though the social restriction of education is limited to children till people in their thirties, as adults in their later life are supposed to be done with education and start earning, the basic Society stigma! Education platforms are modularly popular among people ranging from toddlers. Toddlers are now given the privilege to watch animated characters teach them how to pronounce A for Apple. A perfect example of teaching them early. Children of slightly bigger age who are now students of primary and high school are enrolled on after-school tuition classes in order to get non-filtered education is not a new practice in Southeast Asian countries like India. The only difference is that the process now happens online with the emergence of several big brands in the scene. Students preparing for competitive exams and entrance tests are now in trend for using ed-tech platforms to study in a modular and efficient way with the masses. When aspirants cracked entrance exams with sky-touching scores came into the limelight and the world started looking at ed-tech as the reason for their inspiring success, the masses became more engrossed in knowing about this method of e-Learning and the certain benchmark that it started setting. Apart from the students, there is a varied clientele of people who decided to learn something new and chose to do it remotely in continuation with their day-to-day life with the privilege of remote learning. Educational institutions also look at ed-tech as a viable solution to solve the complexities of learning. Today a student residing in any part of the world can attend classes at revered educational institutions of Europe, just because of the boon in disguise of Ed-Tech! This being the use cases of Ed-tech aka Educational Technologies, let’s have an insight into the basic knowledge and requirements that you should look at before building an App in this Niche. The 4 key steps to building an ed-tech platform. Find an idea. Finding an idea for your ed-tech platform is the most basic and the most important step in this journey as this lays the foundation of the platform. The inculcation of the ideas that you would later execute during the development phase is key here. You have to channel the idea into different use cases and think of valid explanations in order to get the most out of this. Think of the optimum solution from the point of view of the consumer and the features that you offer them. The tech giants were able to create unicorns because their ideas connected with the user and their idea became the symbol among the masses and word of mouth did its thing. Your idea should be sharp, feasible and solve a problem. Like great men say if your business is solving a problem you have a higher probability to build a profitable business and if you are just looking to do business over time, that might not work the way you would want it to. The audience aka consumers aka clients is the judge here. Market research You should know your market before investing time and effort into the matter. After finding the idea you know the niche and the approach that you need to take but you have no idea what is happening in the market and you should. You should always have a hint about the actions of your competitors in the market and the strategies that they are opting for. You should know the vulnerability of the market and the shortcomings of your competitors in order to offer a solution to the market and the market should accept it with open arms. Knowing the market, its highs, its lows and its tendency towards accepting/rejecting the niche you are going with coming in handy for predicting the performance of your platform before it is launched. Knowing the Market before Educational App Development would help you in knowing about the other candidates in the market and their current stage of development. With this help, you can skip the initial lag that you face while starting something new and you can always learn from the mistakes that your competitors have made in the past and the lessons learned can be utilised while you work for your dream project to come into reality. You would be able to know the reason behind the failure of several startups before they were able to make a statement and learn from the mistakes of many before you and implement new ideas into the force of your development process for achieving something amazing! Testing with the masses. Once you know what you are going to do, how you are going to do it, and the market in which you are going to launch the product; you should test the product idea and the concept with people in order to get their thoughts and comments on the products. This can be done via a simple social media poll or a webinar with a different type of people. You should know what other people think of your ideas and thoughts before going ahead with getting it developed or developing it yourself. Once you know what the masses think of your idea and what changes should you do in order to make the platform foolproof, you know what direction to head to. Find a compatible development partner You now have a clear vision for your path ahead, you know what you are doing, you know about the contenders in the market with similar niches and you know their shortcomings hence, you have a clear vision of where to focus towards. You know what mistakes were done by people prior to you in this game and you have a plan to avoid making these mistakes and rather invest your time, energy and money towards experimenting with new and better things. All you now need to do is find yourself a compatible development partner who can bring your vision to reality. The key thing to focus on is you should look for quality over quantity. You might find people who would offer to build something for half the price that is on the market and you would consider going with them in order to save some bucks in the initial phase of developing your project. But that work would be as cheap as the money you offered for it. You should consider someone reliable who can teach you the difference between building a full-fledged product in one go and building an MVP initially and then slowly and steadily catch up from there. You can always Contact us for getting business inquiries and counselling for your project ideas. We would be glad to offer you the best guidance that you would get in the Information Technology world. If you find yourself a good development partner, you have your journey covered as they are going to walk the rest of the journey with you and carry the burden from there on. You can then shift to the rear seat and watch the road pass by in the rearview mirror. Conclusion Getting applications developed is not the most complex task, getting the required knowledge and planning done is the complexity that one has to endure prior to that. We at Appic Softwares are available to cater to all your needs and requirements regarding software development and execution. Educational app technology has unknowingly become one of the most profitable niches in the last Financial year in our workplace and it is only growing this quarter. Contact us today to get an estimate for Educational App Development costs. Education Technology has made learning easy, we are here to make development easy for you.
An online e-learning platform is a webspace for educational materials and resources or simply an education portal that provides students with everything they need in one place: lectures, resources, access to information from other students, Opportunities to meet and chat, and much more. It is also an excellent way for students and teachers to monitor student progress. There are many benefits of online e-learning, such as: The comfort of working from home Self-paced learning Improved technical, communication, and critical thinking skills Lower costs Better time management skills and more If seen, the global e-learning market is expected to cross $243 billion by 2023. In the United States, overall college enrollment has declined over the past decade, but online student enrollment has risen for the 14th year. Moreover, due to the unprecedented disruption of the COVID19 pandemic, the education system in all corners of the world has been shaken to its core and forced to switch to online e-learning. If you want to learn any other language or want to advance in your career, then signing up for an online course might be the right option for you. Online classes are usually provided through online learning platforms. Definition of an Online e-Learning Platform An e-learning platform designed for learning purposes is a webspace or portal full of educational material and resources. This course material can be divided into different subjects. Depending on the institute you are signed up to, it is usually uploaded on the platform by the course instructor or teacher. Members of many e-learning platforms are restricted by membership, meaning only registered people can access them. Still, there are also many e-learning platforms for those interested in learning. There is no restriction on the type, and at the same time, it can be free for any person to use. An essential advantage of online learning platforms is that the teacher can track the students' progress through the course material. Everything is neatly organized at one place, which can be accessed by the student and parent whenever the need arises. Moreover the teacher can access it at any time. Additionally, students have many options to interact with each other on the platform. Types of Online e-Learning Platforms Learning Destination Sites LDS is a site where many various course creators offer their learning materials. It's like Amazon, only for online education. You can choose subjects and lecturers that you find appealing and sign up for a personalized course based on your preferences. Programs offered through LDS are generally self-paced. Learning Management Systems An LMS is a software program used internally within a specific organization or an institution. For example, which school or university may have a different LMS platform depending on their courses (the most popular is probably Blackboard). It can be accessed online, just like LDS, or as an application that you need to download and install on your computer. In this case, the curriculum formulation is in the hands of professors or any other person teaching in that organization or institution. Learning Management Ecosystems The learning ecosystem is a comprehensive online learning tool that includes multiple software solutions, such as adaptive learning engines, content management features, course authoring software, tools for assessment, and much more. LMEs are usually reserved for larger organizations, schools, or universities that offer several online degree programs and learning resources. How can Use an Online e-Learning Platform Using the online training platform is no different than logging in to a social network. You just need to sign up with a username or email and password. First, you check if you have live lectures to attend at a specific time. If not, your entire course material may be available to view or listen to at your own pace. Live lecture courses can be conducted through the platform or on a different application such as Skype or Zoom. Be sure to talk to your professor or teacher about completing assignments. It can be done through learning platforms, video conferencing, submitting assignments by email, or other ways. If you have a deadline to complete your coursework, it will probably be mentioned in the forum, but it wouldn't hurt to contact the instructor just in case. Cost Of Building An Online e- Learning Platform As you know, the final app development cost largely depends on the size of the development team and the company's origin habitat, the platform on which you want to launch your product, specifications and design requirements. If seen, a platform like Udemy with a similar feature set can cost around $20,000 for both Android and iOS apps. And, if you choose to offer any add-on features, be prepared to spend extra money on them. For example, a custom mobile app employing AR and VR technologies requires $40,000. Remember that what you have been told is just a rough estimate, and when running your project, you will need to proceed from your collaboration model, the size and the rate of the developer team. If you're looking to optimize your expenses, outsourcing sounds like an ideal opportunity. An internal team is beneficial in the long run, but the hiring and training process is rather demanding. Consider the techniques used. Choosing the right one will make maintenance more accessible and make your e-learning solution more scalable and ready to improve. How to Build an Online e-Learning Platform using Flutter Flutter is a convenient technology for app development. Whether you are working as a freelancer or app development company, this knowledge will help you become a Flutter developer. But keep in mind that you need Android Studio for Android and Xcode for iOS, before you start the app development process with the help of Flutter. So, what process do you have to go through? Here I will define some points by which you can develop your e-learning platform with the help of Flutter. 1: Install Android Studio 2: Install the Flutter and Dart Plugins 3: Create a Flutter Project 4: Run the Build: Flutter Doctor Testing Build on Android Testing an App on iOS 5: Start Coding the Flutter App 6: Use An External Package 7: Add a Stateful Widgets to your App 8: Create an Infinite Scrolling List View Conclusion If seen, remote learning platforms are the future of education. Even after the global health crisis is over, there will be a rapid increase in the number of students who want to improve their knowledge and career through self-paced online training. An essential benefit of online e- learning is that you can learn whatever you want! You can further your academic career or choose to study something else entirely. You can polish your soft skills or take those art or music production lessons you've always wanted to participate in. If you are looking for an online e-learning app development company to help you start your career in IT, then Appic Software might be the right choice for you. You can contact us for more information regarding this. As we have discussed above, you can make your app with the help of the Flutter app development technique, but you must be thinking that why we chose Flutter after having so many technologies in the market, then there is a direct reason for that. You can run code on Flutter for both Android and iOS platforms simultaneously; with it being a straightforward technology, it has become more prevalent in a short time. With the help of Flutter app development, you can get your app quickly; this technology saves both your time and money. Appic Softwares is the well-known Flutter app development company in the USA and India, having a team of top-class Flutter app developers that promises to develop the best app.