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Next Education India Private Limited, a Hyderabad-based digital learning solutions provider with focus on the K-12 segment, is developing a new technology that will help schools create their own maths and science labs, said Sameer Bora, executive vice-president (R&D).
“While we have our presence in the core B2B (business-to-business) segment, our R&D focus for the next two years will be on how to spread outwards as well,” he told Business Standard on the sidelines of the e-India summit 2012 in Hyderabad on Thursday.
Next Education’s new technology offers multiple teaching and learning aids to teachers to explain the various concepts in maths and physics and help students master them. The labs will allow students to develop insights into various mathematical and physics concepts by virtual activities, real-life applications of concepts, and various hands-on models and manipulatives.
“Our new labs’ technology is all about accessibility, and to demystify theories like magnetic levitation (maglev), which in theory sounds like something that only a rocket scientist will be able to do. While the technology for maths lab will be launched by January 2013, the science lab will be rolled out by June,” Bora said.
Next Education, which has invested around Rs 250 crore in content creation and transliteration since its inception in 2007, has so far created in excess of 10,000 learning modules that account for more than 1,000 hours of classroom teaching in the K-12 segment.
The company has recently crossed the milestone of 5,000 partner schools, catering to over 4 million students across 600 districts in India. It is now focusing on Tier-II and Tier-III cities and less-prominent regions and is aiming to cover 10,000 schools in the next 4 years.
Bora said the company was looking at raising Rs 100-150 crore either through the private equity or venture capital route, primarily to fuel its plans to foray into the international markets.
“We are open to multiple options, including expanding to Southeast Asia and West Asia. There is almost a straight match in curriculum and hence we don't need to modify our content. Talks with prospective partners in those geographies are under way, and we expect to enter those regions within a year,” he added.
http://www.business-standard.com/india/news/next-educations-new-tech-to-help-schools-create-maths-science-labs/195997/on
“While we have our presence in the core B2B (business-to-business) segment, our R&D focus for the next two years will be on how to spread outwards as well,” he told Business Standard on the sidelines of the e-India summit 2012 in Hyderabad on Thursday.
Next Education’s new technology offers multiple teaching and learning aids to teachers to explain the various concepts in maths and physics and help students master them. The labs will allow students to develop insights into various mathematical and physics concepts by virtual activities, real-life applications of concepts, and various hands-on models and manipulatives.
“Our new labs’ technology is all about accessibility, and to demystify theories like magnetic levitation (maglev), which in theory sounds like something that only a rocket scientist will be able to do. While the technology for maths lab will be launched by January 2013, the science lab will be rolled out by June,” Bora said.
Next Education, which has invested around Rs 250 crore in content creation and transliteration since its inception in 2007, has so far created in excess of 10,000 learning modules that account for more than 1,000 hours of classroom teaching in the K-12 segment.
The company has recently crossed the milestone of 5,000 partner schools, catering to over 4 million students across 600 districts in India. It is now focusing on Tier-II and Tier-III cities and less-prominent regions and is aiming to cover 10,000 schools in the next 4 years.
Bora said the company was looking at raising Rs 100-150 crore either through the private equity or venture capital route, primarily to fuel its plans to foray into the international markets.
“We are open to multiple options, including expanding to Southeast Asia and West Asia. There is almost a straight match in curriculum and hence we don't need to modify our content. Talks with prospective partners in those geographies are under way, and we expect to enter those regions within a year,” he added.
http://www.business-standard.com/india/news/next-educations-new-tech-to-help-schools-create-maths-science-labs/195997/on
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