Published on February 7, 2014
IYINOLUWA ABOYEJI | FORA.NG | E@FORA.CO
Mission Vision To be Africa’s largest and most trusted online education brand. Mission To provide young Africans with access to the highest quality education at affordable prices. 2
What What we do do 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. 3
Our Model 1) Educational partners supply online courses and resources to Fora 2) We provide a technology platform with online courses to students 3) We Distribute to young professionals and students across Africa Direct to End User Online Education Providers What we offer • Online courses • Virtual Labs • Professional Exams • Fully Online Degree, & Students Young Professionals Certiﬁcate and Diploma Programs and more... Open Education Resources Our Technology Online Mobile and more... 4 Ofﬂine University students and young professionals can buy online programs directly from us through our marketplace at Fora.co
Marketplace Students can easily search through and enroll in any one of our 500 courses Fora Online Marketplace N20,000 STUDENTS PAY US DIRECTLY ONLINE IN THEIR CURRENCY
Our Products 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. Online Mobile Learn on the go from a tablet or mobile phone through Fora’s mobile learning environment. Offline Fora Hub 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 6
The Opportunity 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. 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. 7
Why Now: eLearning Opportunity 5-Year CAGR 23.3% Revenue Forecasts for Self-paced eLearning in Africa 600 512 450 438 In Million $ 300 328 Nigeria Africa 380 150 0 2013 43 77 59 2014 2015 96 2016 Africa is the world's fastest growing market for self paced e-learning products Source : Ambient Insight Regional Report : The Africa Market for Self Paced E-Learning Products 8
Revenue Model 0.5% 19.5% Revenue $30,000 in 2014 80% Fora Educational Partner EDC 500 Students Fora earns between 15-20% on every course that is sold through our marketplace. 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. Payments We allow students to purchase courses in their local currency to help them avoid complicated transactions. 9
Corporate Proﬁle Iyinoluwa Aboyeji Ian Carnevale Nadayar Enegesi CEO COO Director of Engineering CEO, Bookneto Inc (acquired) Ex UN Youth Policy Advisor Former President, Imprint Pub. WEF Global Shaper Founder, Nightkeys (acquired) Co-founder, CHG Founder, GettingSocial.ca Founder, Learnville.com Yvonne Johnson Business Development BSc. CS University of Toronto BSc. CS University of Waterloo Enterprise software experience at MBA, Kellog School of Management OpenText, MKS, BBS Securities, Head of Corporate Strategy, First Bank Ex Merrill Lynch, Diamond Consultants BNotions. Advisor Investors Obiageli Ezekwesili Former Minister of Education, Federal Republic of Nigeria 10
"Education is the most powerful weapon to change the world." -Nelson Mandela
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