Decentralized Online Learning Platform

People sitting around a table with laptops

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Decentralized Online Learning Platform
For STEM, Digital Skills, and Financial Literacy
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education
Education Technology
Business Model Description

Through B2B and B2C models, companies can develop online learning platform that provides subscription based or curriculum based services to corporates, individual students and people of all ages to give them access to decentralized education that focuses on speicfically on STEM and digital skills, and financial literacy.

This IOA will help the general public with improved financial literacy to help manage household debts, reduce inequality in terms of access to education for students in remote areas, and help professionals and students acquire skills that are relevant and aligned with employment demands. This in turn can help reduce unemployment, drive productivity and spur innovation for government and corporate employers.

Money Class offers in-class, workshops, and an online financial literacy curriculum for two target groups: students and employees of private companies. It is a financial classroom for Thai people of all ages, committed to providing accurate financial knowledge with the skills to use money wisely (1).

Skooldio, established in 2017, offers online courses and workshops focussing on high-demand professional skills development. Skooldio has supportive courses and workshops for private and public organizations (9).

SkillLane offers online courses for professional skills taught by subject matter experts, co-founded in 2015. Students can even obtain online degree from universities or receive course credits from completing SkillLane courses. According to Financial Time Asia-Pacific High-Growth Companies 2021, SkillLane was ranked the 1st in Thailand and 36th in Asia-Pacific region (16).

Expected Impact

Decentralized online learning platform for STEM, digital skills and financial literacy help develop skills important to employer and entrepreneurship.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4) Decent Work and Economic Growth (SDG 8)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Industry, Innovation and Infrastructure (SDG 9) Reduced Inequalities (SDG 10)
Sector Sources
  • 1) https://documents1.worldbank.org/curated/en/683311593415205230/Thailand-Programme-for-International-Student-Assessment-PISA-2018-Country-Report.docx 2) https://sustainabledevelopment.un.org/content/documents/279482021_VNR_Report_Thailand.pdf 3) http://sdgs.nesdc.go.th/wp-content/uploads/2020/12/THA-Survey_launch-version-OECD.pdf 4) http://backoffice.onec.go.th/uploaded/Outstand/2017-EdPlan60-79.pdf 5) https://www.boi.go.th/un/advertorial3 6) https://data.worldbank.org/indicator/SE.XPD.TOTL.GD.ZS?contextual=default&locations=TH&name_desc=true 7) https://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf 8) https://bangkok.unesco.org/content/education-minister-nataphol-teepsuwan-COVID-19-strategy-thailand 9) https://www.eef.or.th/news-18-05-21/ 10) https://techcrunch.com/2021/02/03/edtech-valuations-arent-skyrocketing-but-investors-see-more-exit-opportunities/ 11) https://www.bangkokpost.com/opinion/opinion/1910956/ 12) https://www.worldbank.org/en/country/thailand/publication/wanted---a-quality-education-for-all-in-thailand
IOA Sources
  • 1) https://moneyclass.co/ 2) 3) https://data.worldbank.org/indicator/ST.INT.RCPT.CD?locations=TH 4) https://www.unicef.org/thailand/media/5071/file/SocialImpactAssessmentofCOVID-19inThailand.pdf 5) https://documents1.worldbank.org/curated/en/683311593415205230/Thailand-Programme-for-International-Student-Assessment-PISA-2018-Country-Report.docx 6) http://nscr.nesdb.go.th/wp-content/uploads/2019/12/%E0%B8%AA%E0%B8%A3%E0%B8%B8%E0%B8%9B%E0%B9%80%E0%B8%9B%E0%B9%89%E0%B8%B2%E0%B8%AB%E0%B8%A1%E0%B8%B2%E0%B8%A2-Update-04-12-2562.pdf 7) http://backoffice.onec.go.th/uploaded/Outstand/2017-EdPlan60-79.pdf 8) http://web.krisdika.go.th/data/document/ext810/810041_0001.pdf 9) https://www.skooldio.com/business 10) http://sdgs.nesdc.go.th/เกี่ยวกับ-sdgs/เป้าหมายที่-10-ลดความไม่เ/ 11) https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our-insights/reimagining-travel-thailand-tourism-after-the-covid-19-pandemic 12) https://www.bot.or.th/Thai/ResearchAndPublications/DocLib_/Article_24Jul2018.pdf 13) https://backend.tsri.or.th/files/trf/2/docs/Policy_and_Strategy_of_Thailand_HESI_2563-2570_and_Thailand_SRI_Plan_2563-2565.pdf 14) https://drive.google.com/drive/folders/1643JvN2gARLGAQvy02Swpwth3PqoEcUW 15) https://www.boi.go.th/upload/content/BOI-A%20Guide_EN.pdf 16) https://techsauce.co/en/pr-news/skilllane-ranked-number-one-in-ft 17) 18) https://kasikornresearch.com/en/analysis/k-social-media/Pages/Debt-FB-05-04-2021.aspx 19) https://www.bopp-obec.info/home/?page_id=33748 20) http://waa.inter.nstda.or.th/stks/pub/2017/20171227-MinistryofLabour.pdf 21) https://www.eef.or.th/eef/ 22) https://www.bot.or.th/English/AboutBOT/RolesAndHistory/DocLib_StrategicPlan/BOT-StrategicPlan2020to2022-eng.pdf 23) https://www.depa.or.th/storage/app/media/file/depa-Promotion-Plan-Book61-65.pdf