Funding: How is your project financial supported? [select all that apply]
Individuals, Foundations, NGOs, Loans, Investments.
Sustainability Plan: Has your project already reached financial sustainability? If not, what is this solutio’s plan to ensure financial sustainability? Do the main partners have enough stake to sustain the solution? If this project requires limited budget, how will other resources be secured to maintain or grow this work?
We have raised US$400000 through capital, loan, contests, subsidies and grants. We are seeking US$ 1 million in 2014 (we aim to sign 50 partnerships with lead sponsors (foundations, business angels, NGOs) around the world with an average “ticket” of US$20000). We are also looking for social business investors such as Acumen Fund.
Currently we are concentrating on building a strong community: experts, viewers, translators, partners etc. We have already delivered 10 million quality lessons and the feedback has been extremely encouraging. Our three pillars to ensure financial sustainability in the future are:
1) Affordable subscription
2) Paid mobile and tablet applications
3) Partnerships with foundations, companies, organizations willing to expand access to education