Innovation in Education

Education a booming industry

 

(Key words: private equity, business, education)
As the Indian economy is growing at a rocketing speed, the education space is pacing up in becoming an established industry. Today education industry in India, though unregularized, is growing at similar pace as its other counterparts elsewhere.
       

India’s growth and progress has attracted many foreign investors in the country, and the concept of education as a business is gaining ground :) , which is creating employment opportunities in galore for educationists, opening new vistas.

The India Brand Equity Foundation’s post suggests the growth in economy and educationhttp://www.ibef.org/artdisplay.aspx?cat_id=391&art_id=5898

With many companies such as Microsoft investing US $20 million in education for the next 5 years, private equity firms such as Blackstone are vying for the lucrative pie! And its not just the foreign players in India, At the Indian shores, Venture Capital firms such as the Gaja Capital Partnes, mid stage investors into Emerging companies like Educomp Solutions Ltd. and SAIF partners have made investments in Companies like Career Launcher and ICA infotech.

An interesting feature to look  for is how franchisee business models are mushrooming across the country, taking education to every nook and corner. 

Though I strongly maintain that we need to regulate the quality of education being imparted as with this unprecedented growth in the education space, an unregulated growth may in the longer run hamper the quality aspect.

 

Where Dreams Are Built

Education and Microfianancing
Micro fianancing providing loans to low income groups to empower the poor and make them self sufficient. It not only provides them with petty loans but also gives them various schemes for savings and insurance.
Microfianancing is arousing the interest of many private banks and multinational companies. Integeration of microfianancing with education aims at eradicating hunger and poverty. At the same time provide services for health education and adult education.Moreover it helps the poor as they pay less rate of interest than what they pay to a local money lender. The education loans are also provided to the students who are interested in studying.
It is remarkable that banks have given about Rs 20,000 crore education loans to more than 12 lakh students in the country. One is also happy to note that the Finance Minister, Mr P. Chidambaram, has said the education loan formalities would be simplified from this academic year.

Education loans have been granted on a larger scale only over the past few years. In a few years’ time, the amounts returned may be re-circulated to meet future demands. Also, an Education Development Bank, similar to that created for housing and agriculture, can be set up not only to give loans to students but also to finance new colleges and improve the infrastructure of existing colleges.

It is really appreciable as increased access to education is the key to improve the rural life.

 


      

 

 

     The current education system focuses on developing the intellect of an individual and instills the students with a lot of independence and confidence. But somewhere down the line I strongly feel, that the traditional education system which aimed at fostering values like contentment, honesty, obedience, and patience has lost its essence altogether.
In todays world, where everybody is competing and trying hard to progress, no one has the time to ponder upon the ethics which have practically become non existent.
As education plays a major role in shaping the personality of a person, therefore the responsibility to develop and nurture these values lies in the hands of the educationists.
WEB 2.0 tools in your classroom
Enterprise 2.0 and knowledge management

Education a booming industry
As the Indian economy is growing at a rocketing speed, the education space is pacing up in becoming an established industry. Today education industry in India, though unregularized, is growing at similar pace as its other counterparts elsewhere.
India’s growth and progress has attracted many foreign investors in the country, and the concept of education as a business is gaining ground :) , which is creating employment opportunities in galore for educationists, opening new vistas.
The India Brand Equity Foundation’s post suggests the growth in economy and education: http://www.ibef.org/artdisplay.aspx?cat_id=391&art_id=5898
With many companies such as Microsoft investing US $20 million in education for the next 5 years, private equity firms such as Blackstone are vying for the lucrative pie! And its not just the foreign players in India, At the Indian shores, Venture Capital firms such as the Gaja Capital Partnes, mid stage investors into Emerging companies like Educomp Solutions Ltd. and SAIF partners have made investments in Companies like Career Launcher and ICA infotech.
An interesting feature to look  for is how franchisee business models are mushrooming across the country, taking education to every nook and corner. 

Though I strongly maintain that we need to regulate the quality of education being imparted as with this unprecedented growth in the education space, an unregulated growth may in the longer run hamper the quality aspect.

 

Experiential Learning      

‘Experience is the best Teacher’ is the ideology of the teachers or gurus from the time immortal. It dates back to the time of the kings and emperors when they were taught the art of archery and encounters with their enemies by exposing them to the virtual experience of the same.

This is how even the parents teach their children to talk, to walk or to throw a ball, by encouraging them to improve with each attempt they make.

But when it comes to school we overlook this ideology and create courses to load the students with theory without making them understand practical application of the same. We deprive them with practical knowledge which gives room to creativity. We only restrict hands-on experience to Science and Math where there are a series of experiments planned to improve the scores of the students.

The essence of learning lies when the students enjoy every bit of it and gain hands-on experience as well. Role plays, games and songs based on the concept makes learning captivating.

For example, while teaching about the pond ecosystem, a visit to the pond can be planned where the students can learn about the various components of the pond ecosystem.

If we teach our students providing them with real-life experience, we will equip them to face the world when they grow up. 

 


Climb the ladder of success…

 

Can we quantify success????

 

Success a seven lettered word has driven people to achieve great heights. There have been so many examples in the recent past of the same. To be successful in life one needs to set targets, lay down certain principles and have enthusiasm to attain the same.

Success is not all about achieving material gains, in other words it is accomplishing the task at hand with perfection. Education definitely develops a positive attitude and directs us to be successful. It also provides learning experiences and enables us to assimilate them and be successful.

 

Cyber Schools- An opportunity

An article on cyber schools really enthused me as I came to know that these schools cover the entire spectrum: kids with special needs, academic challenges, or medical issues; gifted students; students who dropped out of schools that failed them; students that fell behind academically; and students that simply need more personalized learning. 

One of the most innovative education models that emerged in the past decade is that of online public schools. Demand for online learning is skyrocketing and enrollment in online public schools is among the fastest growing trends in education today. The Peak Group research firm estimated one million enrollments in K-12 online learning in 2007.

The students in cyber schools receive web-based lessons and assessment, plus boxes of books, materials, science supplies etc. They also receive a computer system on loan from the school along with Internet-reimbursement to guarantee that any child, anywhere, can connect to the school. This model refers the school to the student rather than the student to the school.

A school on similar pattern can also be started in India to facilitate students who are at loss due to certain reasons.

Supporting the idea, the following presentation shows a practical implementation of the cyber schools idea :