MIT Solve

Solution overview

Our Solution

FutureSpace

Tagline

Learning future technologies at your own language any time anywhere & e-learning solution as a service.

Pitch us on your solution

Industries are looking for automations & upcoming future, there will be technologies like AI, Robotics, Block Chain etc. dominating. These technologies will make many more automations. However, this might leave unskilled labor unemployed mainly in developing country like Bangladesh.

In our country, most of the children, students or graduates specially who live in the countryside or rural area, cannot learn advanced course and access to top quality education. And those who are skilled or highly educated instructor, they don’t have proper platform to share their knowledge for all the learner in Bangladesh using local language.

Our team is experienced educating basic Robotics, Kids Programming etc. in our in-office premises currently & plan to expand it all over Bangladesh having an E-learning platform. Moreover, it can be expanded to rural area schools by giving an e-learning portal per school with zero starting cost to them or via our distribution channel.

Film your elevator pitch

What is the problem you are solving?

The primary problem is to get access of quality education material excess up to rural level.Currently with recent 4G deployment,the total internet subscriber reached more than 90M and day by day it is being enriched. However,yet we don’t have any platform so that our students can subscribe quality schooling courses in an e-learning platform conveniently & in a cost-effective model. A student of secondary and higher secondary must run at least three private tutors along with school or college in general and pass good amount of times within the transportation itself.

Secondly,even an e-learning platform can’t be accessible for our rural area students unless it is being brought to them in a very cost-effective way as well as ensuring basic amenities to connect to an e-learning platform.

Thirdly,there are a good number of demands from learner to complete many different quality courses in local language.

Fourthly,Industries are looking for automations & upcoming future,there will be technologies like AI,Robotics,Block Chain etc. dominating.These technologies will make many more automations.However,this might leave unskilled labor unemployed mainly in developing country like Bangladesh.

Our experience in Robotics,kids programming and our e-learning platform model will be able to solve most of the problems mentioned above.

Who are you serving?

Our customers fall mainly into couple of categories starting from Schools, Colleges as well as individuals located both city & rural area.There are different types of e-learning services which are planned to cover e.g. live course,workshop,regular academic course,advance technology courses etc. As it is a technology enabled solution,we also think about our rural area people use cases to be brought under our coverage by having our franchise model with our rural area distributor as well as our school wise e-learning solution.Within our solutions,we have different product features addressing present problem or ready our future generation for upcoming global challenge.

1. Easy subscription model to enroll pre-recorded courses:Learner or parents shall be able to either directly subscribe to our pre-recorded course or within their own school wise e-learning portal.

2. Complete courses or take tuition online in local language: Learner can take different courses as well as regular academic tuition online from our selective & experienced teachers pool. In addition, learner can purchase minutes so that they can request to setup on-demand session with teachers.

3. Parents or students can enroll Robotics and Kids Programming courses on-site either in our head office or franchise center or our partnered school lab across Bangladesh.

What is your solution?

Currently we’re running both Lego & Open circuit regular courses and about to start Kids Programming in our head office.In addition,we’re conducting several workshops on Robotics and Kids Programming in various schools for creating opportunities for us as well as our kids.

Now we planned to have following product features within our web-based solution.The MVP marked features is ready to deploy as pilot basis preferably by 2019. E-learning live workshop course

E-learning on-demand questions

E-learning pre-recorded course subscription

Educational Blo

E-learning as a Service for Schools

Now-a-days we’re using Lego kits for teaching our kids & we planned to build our own set of tool kits with easy programming interfaces for our kids.There will be some other product features which are also in road map and those are as follows:

Robotics/Kids Programming Workshop

Robotics/Kids Programming Course-School based

Lab setup in private/public schools

Robotics Course-Our Lab based

e-learning regular tuition

Lab Setup Annual Maintenance

Franchise Commission

Franchise Revenue Sharing

Franchise kits sell

Coming to product panel,we’re having following roles in our solution:

Customer Portal

Teacher Portal

Billing Manager Portal

Administration Portal

School Management Portal

Franchise Portal

In terms of technology,we are building our product & the MVP product is about to ready.

Data Base Layer-Maria DB (AWS RDS is planned)

Middleware/API Back End–PHP Laravel

Web UI–Vue JS,HTML/CSS (Android APP & iOS APP is planned)

Infrastructure-AWS Cloud/Cent OS

Notification–SMS,E-mail

Learning Content:English & Bengali

Third party Integration:Payment GW-SSLCOMMERZ,Live Video streaming - Dacast,Video conference-Zoom,Online Board-AWWAPP or Group world

Process:Our strategy is to onboard our partner(external teachers)for taking classes either initiated by themselves or by us in a revenue sharing model.

i)In case teachers are initiating themselves then they can prepare their own content and use our platform to run their courses after administrative check.

ii)In case we plan any course either our internal teacher will drive end to end & for external teacher,we will provide them platform & content & we will buy their time for having classes.

Schools can also have their own e-learning portal secured within our platform so we may get a service fee or revenue sharing model.Our customer can be a parent or a student/learner directly for subscribing regular course or workshop course.In terms of Robotics & Kids Programming,we are running course in our own lab,also we can provide franchise across Bangladesh in a win-win model towards rural areas.In parallel our franchises can promote our e-learning business in rural areas.

Select only the most relevant.

Increase opportunities for people - especially those traditionally left behind – to access digital and 21st century skills, meet employer demands, and access the jobs of today and tomorrow
Upskill, reskill, or retrain workers in the industries most affected by technological transformations

Where our solution team is headquartered or located:

Chittagong, Bangladesh

In which sector would you categorize your solution?

Education
Technology

More about your solution

Describe what makes your solution innovative.

Learning online is an innovation which started long back. In our solution, we’re bringing innovation how we can take it up within our local language and understanding & adapting our culture of educations through our different product features e.g. On-demand questions. Most importantly how we are taking across Bangladesh is an innovation by implementing e-learning as service model without an investment from potential school partner. Coming to our advance technology on-site engagement course mainly for our kids, we are already doing in City area & plan to extend up to rural area through our franchise model. There we planned to build our own set of Robotics kits so that our kids can learn things with enjoyment. One of the challenging problems in developing nations is to bring technology-based solution across rural area and having our experience in market, we do feel that there are opportunities & we just need to be innovative how we can take it up to that level. Even our franchise can also take part involving with our e-learning business optionally to work in a win-win revenue sharing basis.

Why do you expect your solution to address the problem?

As part of our on-site Robotics and Kids Programming experience,we also get surprised how our children gets things faster and understand the concept of Programming & Robotics.While dealing with our students,we realize how we shall build our own Robotics kits and hence plan to do so in our business plan. Coming to solve a broader problem exist in our society is to have access to best education material across Bangladesh in our local language.Any smart user access to technology can easily be a member of our e-learning solution, however it would be difficult to get onboard learner in rural area mostly. Hence,we planned two ways to resolve this barrier by implementing each school wise e-learning portal with zero cost to school and we shall share revenue with school as per consumption.The strategy and services scope can be varied from a rural area school to city area school to control the cost-value relationship.Another way to connect to our e-learning platform using our franchise stores giving basic amenities for interested learner specially in rural areas.In general,it would create revenue for our partner teachers as well as franchise owner in parallel with convenient,cost-effective and quality educational services to our customers.Thinking about our use cases of kids being our customer,we kept a separate parent role so that a parent can purchase courses online & track their child activities & progress in our platform.All product features & our overall business model fits with the market need according to our analysis & present experience in market.

Select the key characteristics of the population in Bangladesh your solution serves.

Women & Girls
Children & Adolescents
Rural Residents
Urban Residents
Low-Income
Middle-Income
Minorities/Previously Excluded Populations

In which countries do you currently operate in addition to Bangladesh, if any?

Bangladesh

In which countries will you be operating within the next year?

Bangladesh

How many people are you currently serving with your solution? How many will you be serving in one year? How about in five years?

We served around 100 students in different Robotics workshop and courses in last 6 months. The revenue is around 3K USD & we start working for our dram product FutureSpace.

As we are targeting to prepare our MVP product by end of 2019, the planned product customer is zero yet.

The number we’ll be serving in first year is around 20,000

The number we’ll be serving within five years are around 200,000

What are your goals within the next year and within the next five years?

In high level, we have business, technology and financial plan from the day one deployment to next one year and half plan. This will ensure completing all the product features live and setting gradually a strong platform supporting next five years of scale-ability.

Currently we're preparing for our minimum viable product development by end of December 2019 with following product features:

E-learning live workshop course
E-learning on-demand questions
E-learning pre-recorded course subscription
Educational Blog
E-learning as a Service for Schools

After having the initial lunch, we have planned to enrich our learning content, start developing own Robotic kits, enlarge service areas to all City corporation at minimum and start developing planned features. Starting from 2nd year, the following features are planned as follows:

Robotics/Kids Programming Workshop
Robotics/Kids Programming Course - School based
Lab setup in private schools
Lab setup in public schools
Robotics Course - Our Lab based
e-learning regular tuition
Lab Setup Annual Maintenance
Franchise Commission
Franchise Revenue Sharing
Franchise kits sell

Post lunching all the product features, we planned to revamp our e-learning platform so that we can build and adapt enough user load, adding distribution network and maintain customer & partner experience in our application.

Within next five years road map, we will be expanding 490+ police station area covered gradually with strong partner & distribution network so that all rural area people also can connect into our platform.

What are the barriers that currently exist for you to accomplish your goals for the next year and for the next five years?

Challenges forecasting within very first years:

Financial: We would be needing financial support for finishing product development and continuing market rollout related expenses.

Technology: Our technology partner is experienced building our required platform. However quality content buildup is one of the critical success factors for any e-learning business and we would need cost effective techniques to do so for massive planned content.

Legal: We’re expecting Government school teachers to be also our partner & that needs to be allowed from the education ministry.

Partnering: In Bangladesh, on-boarding renowned teacher would be challenging considering their per hour income vs our revenue sharing contribution factors. Even after on-boarding, taking live classes with a professional video broadcasting would be a challenge.

Franchise: No one in rural or city area might want to invest for advance technological course franchise.

Challenges forecasting within five years:

Customer Experience: Retaining customer and ensuring their service & Application experience would be challenging.

Partner Experience: Meeting partner expectation in terms of pricing and service quality would be challenging with our legal partners.

Franchise Experience: Keeping motivation of franchise would be challenging in long run.

Competition: There might be competition which can impact overall business plan.

How are you planning to overcome these barriers?

There will be always challenge and risks & we learned walking on similar path since last 6 months on Robotics Education. We've planned to tackle our major challenges and risk in following ways:

Financial: As part of our mitigation plan, we're applying here for funding as well as other potential areas.

Legal: We will be contacting with education ministry and follow the instruction suggested by them. Moreover, we will have plan to onboard private school, college and university teachers as well as reputed university graduates.

Partnering: Initially, we planned to keep as minimal revenue percentage for us by sharing mostly to partner to mitigate the challenge as well as declaring incentives to them.

Franchise: Unless we can show the revenue forecast from our implementation, it would be very unlikely to setup dedicated franchise. However, an educational institutions e.g. Couching center might want to take in parallel with their own business line.

Customer Experience: To ensure proper customer experience, we have control to monitor and approve all the contents loaded in our application. We have already built a feature to login in any ongoing session in incognito mode for making sure best experience to our customer. While we lunch, our customer also can connect in multiple ways starting from our CRM, social media channel, hunting number, providing e-mail etc.

Competition: There are competition coming in market and we would need to sustain with our innovative ideas & speed executing ideas in market.

If your solution has a website, provide a link here:

http://futurespace.ctgitservices.com.bd/

About your team

Select an option below:

For-Profit

How many people work on your solution team?

We're now total 12 team members working for IT Enable Services. The distribution of our mates are as follows:

Full time: 7 members

Part time: 5 members

For how many years have you been working on your solution?

Since last 6 months

Why are you and your team best-placed to deliver this solution?

We have in-house team members who are experts in core roles of the solution starting from business modelling, teaching technology advance course, project execution and business development. With funding, it would be possible to on-board required Robotics engineer, marketing and sells people who can drive according to low level strategy prepared for our roll-out. Having already experience in market, we know what our kids and parents are requiring and then we designed our application features. On the other hand,having a leadership team in various field starting from teachers, solution architect, social leader, business professional, we feel that we’re the pioneer implementing the solution in market across Bangladesh.

With what organizations are you currently partnering, if any? How are you working with them?

We will be working with our technology partner NG Solutions System Ltd. closely to make our e-learning platform MVP ready by end of 2019. In addition, we’re also thinking to make them our partner for rolling out our distribution for Dhaka region.

In parallel, our business development team is furnishing the strategy for engaging our premium partner (teachers) as well as major city corporation franchise for rolling out our idea in at least for all city corporation level.

Finally, we will be doing partnership for supplying Robotics parts to be used in our own Robotics kits.

Your business model & funding

Partnership potential