Photo - Examinator
48637

Examinator

To make learning and testing easier

Serbia
Market: Internet and IT, Education, training
Stage of the project: Idea or something is already done

Date of last change: 29.07.2020
Min investment
$  300.000
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Total required
$ 3.000.000
Rating
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Idea

To create and pass exams in online and offline state and have possibility prepare yourself to testing everytime and everywhere.

Current Status

Currently, we work on first step and have backend and frontend (stack is node.js + ionic 5). We have functional to create, sign, share and pass exams in online mode. Latest works directed to design, optimization existing code and to add offline mode.

Market

Public information: On 2019 in Russia was around 16M students in schools.
For example: School create custom testing to prepare students to exams and put it as a cost in 5$ (very close to lower pirce) in our product.
Strategy: Based on public information we can calculate our target audience, and it will by around 8M students which have every half of year 3-5 main exams. In 2022 we plan get 15-20% of this space on russian market.
Financial: Based on strategy and example we can imagine estimated profit around $4M per year on Russian territory.
Overplanning: After 2023 to integrate our system to Europe, Asian and American education space.

Problem or Opportunity

Main problem which we want to solve, it is a having possibility to prepare yourself to any exams or tests, which will face on the way in your life.

Solution (product or service)

We will make market for creating tests, for buy and sell tests, for pass tests online or offline, have possibility to train with teachers online and do all of this on iOS, Android and Web applications.

Competitors

Currently most of similar product specified to organizations, and have many restrictions.

Advantages or differentiators

In result we plane create big market which will be adapted to users as social network.

Finance

Profit:
Take commission on top up and getting money from account.
Take fee on selling exams (tests).
Take fee on teaching online.
Investition:
Investition will be separated as 40% - Code development, 40% - Advertisement and 20% - Admining and other.

Money will be spent on

Investition will be separated as 40% - Code development, 40% - Advertisement and 20% - Admining and other.
Code development: 15% - Web, 15% Android and 10% - iOS.
Advertisement: 10% - Partners program and 30% - Advertisement and populization.

Offer for investor

It will depends from amount of investition and will discuss directly.

Risks

Main risk can depends from social possibility to accept this product based on content or ad.
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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
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