Photo - GRADSETGO
46912

GRADSETGO

Education and Career Ecosystem as a service

Singapore
Market: Internet and IT, Education, training, Services, Blockchain, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 15.05.2020
Min investment
$  200.000
Show contacts
Total required
$ 200.000
Rating
equalizer из 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

GradSetGo is about,
Creating balance in the unbalanced manpower economy.
By empowering the people of tomorrow with the ability to pursue their goals and dreams instantaneously.
Our mission here is to create an ecosystem between education to careers through the power of data science.

Current Status

Our website is Live and we're currently working on our beta platform/ MVP.

Market

Age :16 and above
Local (Singapore)- in year 2017 alone
70% of students (49,513) do not qualify for public universities.
70% of students (47,372) do not qualify for public polytechnics.

Globally
Age:16 and above

Problem or Opportunity

In current times, students and graduates pursue a qualification for the sake of obtaining an education qualification. However, this education often does not align with the individual’s passion and purpose, causing them a high opportunity cost, including time and resources wastage.

Solution (product or service)

GradSetGo empowers individuals to pursue their dream career and a roadmap on the education requirement and industry experience that would lead them to their dream career and to pursue their passion.

Competitors

LinkedIn & Job Portals (i.e. Jobscentral, Monster)
LinkedIn - Employment-oriented online service that operates via websites and mobile apps

Advantages or differentiators

Summary:
1.First of its kind ecosystem in the education and career industry.
Personal psychometric, skill & cognitive tests for candidates profiling.
2.Powered by Big data and Blockchain Technology, our data is secured uniquely to enhance our features provided.
3.Algorithm based search engine.

Details:
Value proposition to Consumers
-Plan the best possible pipeline from education to careers and vice versa.
-Using various psychometric tests to evaluate one’s characteristics for suitable career role, leading to which particular course to take in institution.
-Price comparison across different international or local educational institutions.
-In-location planning & application directly to desired institution.
-The one stop personal concierge for resume and career building.
-Network with over 50,000 like minded professionals with our in-built social media platform.
-Unique mentor networking functions for both experience and non-experience individuals.

Value proposition to institutions and companies
-Opportunity to increase revenues.
-Getting student applicants directly from our platform.
-Global reach: helps both schools and companies to reach global markets.
-Using Gradsetgo as an advertising channel.
-Drive additional traffic to their websites.
-Getting reviewed and learning from feedback.
-Ability to respond to reviews and improve on their brand positioning.
-Ability to shortlist top candidates of their liking (paid feature).
-List on our top recommended courses or jobs available (paid feature).
-Using Gradsetgo as a reputation management channel.
-Getting data analytics and insights on market trend.
-Resumes are validated through our system and are secured with block chain technology.

Finance

Subscription model.
Students – SGD5/month. Working adults – SGD25/month.
Private Institutions - (Tier 1: SGD1000/month ).
Companies - (Tier 1: SGD100/month )

Forecast next 3 yrs locally:
35 Major Private institutions- $2,832,500
5000 SMEs and MNCs- $11,805,000
2 global banks- $70,000

Business model

B2C: Users
No fees charged in the first year of rollout. A subscription model in Year 2. Students – SGD5/month. Working adults – SGD25/month. Other than access to the platform, GradSetGo also provides extensive resumé care and assignment features (plagiarism checker, search tool for research papers etc.) to its subscribers.

B2B:
Schools
- Non-subscription model. Schools are not charged a fee for listing their courses, but Schools are charged a fee from student recruitment – based on students that had applied to any of the School’s courses through GradSetGo.

- Subscription model. Has 3 tiers. Under the subscription model, Schools are not charged any fees for student recruitment (up to 300 – 800 free recruitment, based on the subscription tier), and GradSetGo will also provide push recommendations for Schools under the subscription model. Schools’ intakes are seasonal (1 in January and 1 in August), and therefore the monthly subscription model allows the Schools to adjust their recruitment strategy as and when needed.

Industry
- The reception by Industry players regarding GradSetGo’s platform is dependent on the economy – a growing economy implies that more human capital is needed and companies will increase their recruitment activities.

- GradSetGo provides free listing, and is charged based on the application received (similar to Schools).

- In addition to this, GradSetGo is a data house amongst Bigdata. Industry players can ‘actively’ search within this pool of users to identify suitable candidates, rather than ‘passively’ waiting for applications. Industry players will be able to see basic qualifications of the candidates, and they will have an option to view each full resumé.

Money will be spent on

Operating Expenses- $140,000
Marketing Expenses- $60,000

Offer for investor

10% equity for $200,000 (12months runway)

Team or Management

Risks

Currently there are little to no direct competitors. After product launch, indirect competitors may enter the market with a replicate.

Incubation/Acceleration programs accomplishment

In an Acceleration program with Mbanq based in Singapore. The program started in middle of March 2020.
5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility107
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video