Teach Mate
Most underserved/unprivileged students lack the infrastructure and support from family to pursue their academics. These students have the highest rate of dropouts in elementary schools. Most of this is due to financial instability and lack of family support.
In this current world, we need specialists in different fields for companies in different sectors. It is estimated that 65% of the world's population is unemployable.
Teach Mate helps to financially support students to learn and develop specialized skills to succeed in the world. In a way, we give these children a chance to compete with the rest of us.
- Teach Mate gives credits to students for learning on our platform. These credits can be redeemed for a variety of products from rooms, food to stationaries and fashion. This feature helps them support themselves while studying.
- They will teach by professional teachers from their respective countries so that they can interact without any fear.
- We will be providing internship opportunities during learning their stay with us.
- The students can avail of education loans for college for no collateral and the loan amount will be based on their TeachMate Score.
- We will be training students to be self-reliant, highly proficient in their chosen main subject, and giving them exposure to corporate culture.
This will help the low-income countries to reduce the unemployment rate and progress towards being developed a nation.
Teachmate aims to serve the students and teachers from undeveloped and developing nations. The children of these countries do not get proper exposure to career-defining skill sets that can make them earn a good income. Teach Mate aims to be the teaching companion for these students. Teach Mate's success can change the fortune of these students and their families.
As been living in India since my birth, I witnessed teens looking for labor work and getting paid the bare minimum to survive. For them and all money is crucial and if someone does not have it then he is deprived of any essential learning to create a better standard of living for himself and his family. All want to be successful and want to live a dignified life but the financial struggle early in life makes them feel that earning money is the most important thing in life and for it, they sometimes till towards illegal activities. When these children are taught freely and earn at the same time without any external pressure then these people will be creating a society of justice and peace.
- Enable personalized learning and individualized instruction for learners who are most at risk for disengagement and school drop-out
- Prototype
We are applying to MIT Solve to accelerate our progress and make our product available to our target market to make an impact on their lives. Solve can help us in building a powerful team and board that can take decisions in the development of Teach Mate.
- Human Capital (e.g. sourcing talent, board development, etc.)
- A new business model or process that relies on technology to be successful
- Artificial Intelligence / Machine Learning
- Behavioral Technology
- Big Data
- Crowd Sourced Service / Social Networks
- Software and Mobile Applications
- 1. No Poverty
- 4. Quality Education
- 8. Decent Work and Economic Growth
- 10. Reduced Inequalities
- 16. Peace, Justice, and Strong Institutions
- For-profit, including B-Corp or similar models
We are currently a team of 2 working hard to make our solution available to our target users. The company is willing to admit anyone who is required based on merit rather than any other racial discrimination. Our first hiring will provide the employees with ESOPs for working with us and giving the best.
- Key Resources - Teachmate platform, Brand, Servers.
- Key Activities - Teaching students, Managing Platform, Onboarding teachers, Providing loans for higher education, tracking the students' progress, providing work opportunities.
- Key Partners - Teachers, banks, online payment gateways, schools and colleges, parents.
- Value Proposition -
- Channels - website, workshops, and offline academy.
- Customers - Underprivileged students, teachers, and students from low-income countries, financially weak students.
- Cost Structure - Server cost, Staff, marketing cost, credits, teacher payouts, rent, electricity, and other miscellaneous expenses.
- Revenue Stream - Advertisement, subscriptions, sales commission, interest on loans, and paid internships.
- Individual consumers or stakeholders (B2C)
Our main revenue sources are - Interest, Paid Internships, Subscriptions, Sales Commission, and Advertisements.
- Interest-Earning from interest on higher education payable after getting a source of income.
- Paid Internships - Taking a small fraction of our students from their salaries.
- Subscriptions - Teachers and students may purchase subscriptions for additional benefits.
- Sales Commission - Commission from product sales from our platform.
- Advertisement - monetizing content with ads.
We are currently developing the solution and thus haven't raised any kind of monetary amount.