Photo - Schomee: School at Home
play_arrow
View
51222

Schomee: School at Home

To UpSkill Employees and Students at emerging technologies.

India, Maharashtra
Market: Education, training
Stage of the project: Prototype or product is ready

Date of last change: 07.02.2021
Rating
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

A platform that provides virtual classrooms to train and up skill employees, engineers and students in emerging technologies like Python based Analytics, Data Sciences, ML and DL by live trainers.
Schomee is a integrated LMS & White boarding virtual class room which is a very convenient platform for teachers too to set up their courses.

Current Status

Schomee has beeb developed and tested by 2020, Sept 9 and we have soft launched in Nov 2020 and we are conducting courses but since we are still bootstrapped we are looking for investment.

Market

Engineers, Employees and Students (Secondary education and above) are our customers.
This is a huge market and the age group would range from 15 yrs to 35 yrs.
Sorry it is very difficult for us to determine a number to our segment since we will target to the global market.

Problem or Opportunity

Technologies evolve continuously and educational institutions find it very difficult to offer these technologies to students and engineers due to lack of trainers that are employed at universities and colleges and also employees in blue chip and tech companies find it difficult to find up skilling very difficult to find training schools who can offer courses at their convenient time and locations.
These up skilling help Students , employees and engineers to enhance their careers path options.
So Schomee offers these courses on one platform and Schomee also offers the platform for trainers who have expertise in emerging technologies to set up their own classes and charge fees to make a good living.
Once we agree with the trainers fee then we add to the fee and Schomee charges the fees to the students.

Solution (product or service)

Schomee will provide training in Emerging Technologies through virtual class rooms under one roof.
Schomee also offers the platform for trainers who have expertise in emerging technologies to set up their own classes and charge fees to make a good living.
Once we agree with the trainers fee then we add to the fee and Schomee charges the fees to the students.

Competitors

There are sites like UpGrad, Udemy and Coursera who give similar courses but they provide tutorials and infographic content.
While Schomee provides virtual white boarding class rooms with Live trainers like the traditional school but on a technological platform.
Besides the course we provide an ecosystem of teachers experts and students forum who provide a Shadow support which is like an hand holding in the real world.

Advantages or differentiators

Every thing can be copied so our system can be copied too.
But the way we have modelled our business the main ingredients are the emerging technology trainers from the real world projects and the platform we give them allows them to earn more money than what they can earn by getting employed with companies like us.
Our competitors business model is to grow exponentially by selling content for self learning and have invested heavily in developing content, but during self learning the students find it difficult to adopt the theories in practical world.
While Schomee allows the trainer to earn heavy. ;))

Finance

The courses in emerging technologies that we are conducting at the moment are.
1. Python programming : Fee/Student: $275: Trainers Fees:$125
2. Analytics with Python: :$405 $190
3. Data Sciences. :$1250 $470
4. Java Core :$ 129 $54
5. Java Advance :$ 243 $100
6, Java Full Stack :$ 325 $150

Year 1 : Average 2000 students ARPU @$450 = $900,000
Year 2 4000 $500. = $ 20,00,000
Year 3 6000 $550 = $ 33,00,000
Year 4 10000 $ 600. =$ 60,00,000
Year 5 25000 $650 = $162,50,000
This is our conservative projections based on a good support financially.

Business model

Schomee provides platform to trainers and students.

The trainers set up classes and courses after Schomee selects them and then negotiates the fees that they plan to charge either per students or per batch which can be on a specified number of students,
Once the selection process is complete Schomee determines the fees that should be charged to the students depending the market best practices.
So the business model with the teachers is like a partnership where the teachers make a good living.
Schomee does not keep teachers or trainers on their pay roll so we are not burdened. The trainer gets pain when students enroll for the courses.
For example for a Data Science course which is about 7 months duration the fees are approx $1750 to $2250 there are 3 trainers in the course and they charge approx $3500 per batch of 5 so it costs $675 per student while Schomee charges $1750 to $2250 per student.

Money will be spent on

Phase 2 development to ad a few new features and functions.
To hire and enhance technical team.
Marketing Team.
Sales Force.
Promotions.

Offer for investor

We will offer 25% equity for $350,000.

Team or Management

Risks

We do not see much risk unless our internet connectivity gets disconnected or if the trainer turns rouge.
While there is always the risk of not able to attract students but that we could mitigate through batch discounts and other influencer programs and scholarships.

Incubation/Acceleration programs accomplishment

No we have not

Won the competition and other awards

No we have not.

Photos

Photo 1 - To UpSkill Employees and Students at emerging technologies.

Product Video

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility34
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video