Online professional skilling platforms

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Online professional skilling platforms
Online professional skilling platforms
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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

Affordable degree and non-degree courses to impart employability-oriented skills delivered through an online / mobile-based platform.

Expected Impact

Using digital platforms, improve employability of students and working professionals.

How is this information gathered?
Updated: 4 Aug, 2021 Date of Production: 1 Nov, 2020
India
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).
> 25% (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.
Medium Term (5–10 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 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
Early-stage investments, especially Venture financing in the education space amounted to USD 80 million in the first six months of 2020, compared to 65 million invested throughout 2019. (1.25)
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Sustainable Cities and Communities (SDG 11)

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Sector Sources
  • (1.1) https://www.theguardian.com/commentisfree/2018/jan/13/india-600-million-young-people-world-cities-internet (1.2) http://hdr.undp.org/en/content/2019-human-development-index-ranking (1.3) https://niti.gov.in/sites/default/files/2019-12/SDG-India-Index-2.0_27-Dec.pdf (1.4) https://unesdoc.unesco.org/ark:/48223/pf0000373718/PDF/373718eng.pdf.multi (1.5) https://data.worldbank.org/indicator/SE.PRM.ENRL.TC.ZS (1.6) http://data.uis.unesco.org/# (1.7) https://niti.gov.in/writereaddata/files/Strategy_for_New_India.pdf (1.8) https://thewire.in/labour/nearly-81-of-the-employed-in-india-are-in-the-informal-sector-ilo (1.9) https://niti.gov.in/writereaddata/files/Strategy_for_New_India.pdf (1.10) https://www.bbc.com/news/world-asia-india-33550853 (1.11) https://www.prosperity.com/rankings (1.12) https://data.worldbank.org/indicator/SE.PRM.ENRL.TC.ZS (1.13) https://mhrd.gov.in/nep-new (1.14) https://www.india-briefing.com/news/investing-indias-education-market-after-covid-19-new-growth-drivers-20330.html/ (1.15) https://economictimes.indiatimes.com/blogs/et-commentary/reinventing-indian-workforce-in-times-of-covid-skill-development-holds-the-key/
IOA Sources
  • (3.1) https://ilostat.ilo.org/topics/labour-productivity/ (3.2) https://www.fortuneindia.com/macro/skill-gap-can-cost-india-197-trillion-in-gdp-growth-accenture/102841 (3.3) Stakeholder Consultations (3.4) https://economictimes.indiatimes.com/news/economy/indicators/indias-unemployment-rate-continues-to-hover-above-24/articleshow/75998561.cms?from=mdr (3.5) https://niti.gov.in/sdg-india-index-dashboard-2019-20 (3.6) https://www.aicte-india.org/sites/default/files/India%20Skill%20Report-2019.pdf (3.7) https://www.entrepreneur.com/article/249006 (3.8) https://www.vccircle.com/sequoia-invests-in-ai-platform-salesken-unitus-ventures-msdf-partially-exit/ (3.9) https://redseer.com/reports/edtech-in-india-an-omidyar-network-india-redseer-report-2019-20/ (3.10) https://indianexpress.com/article/jobs/skill-gaps-affecting-hiring-across-sectors-6193029/#:~:text=In%202019%2C%20several%20new%2Dage,could%20not%20recruit%20in%202019 (3.11) https://community.nasscom.in/communities/nasscom-insights/future-skilling-for-the-digital-economy.html#:~:text=The%20installed%20talent%20base%20of,reach%208%2C84%2C000%20in%20FY2020.&text=The%20report%20discusses%20how%20companies,on%20their%20talent%20development%20strategies (3.12) https://www.undp.org/content/dam/india/docs/poverty/india-skills-report-2018_undp.pdf (3.13) https://www.msde.gov.in/assets/images/annual%20report/Annual%20Report%202017-2018%20(English).pdf (3.14) https://www.ibef.org/download/Education-and-Training-June-2020.pdf (3.15) https://www.moneycontrol.com/news/business/economy/nsdc-ceo-says-e-learning-programmes-grew-162-in-april-amid-covid-19-lockdown-5349761.html (3.16) https://www.hindustantimes.com/education/covid-19-nsdc-encouraging-skill-seekers-to-acquire-new-skills/story-JfgJOva37NqOKmgxGDHiNO.html (3.17) https://www.pmgdisha.in/ (3.18) https://www.indiatoday.in/education-today/news/story/heci-draft-legislation-to-replace-ugc-might-be-introduced-in-winter-session-of-parliament-1563321-2019-07-06 (3.19) https://www.business-standard.com/article/education/govt-allow-universities-to-start-online-courses-but-where-is-the-infra-120060200895_1.html (3.20) https://www.startupindia.gov.in/content/sih/en/government-schemes/star_scheme.html (3.21) https://www.startupindia.gov.in/content/sih/en/government-schemes/support_to_training_and_employment_programme.html (3.22) S&P Capital IQ data (3.23) https://cse.azimpremjiuniversity.edu.in/wp-content/uploads/2019/04/State_of_Working_India_2019.pdf