Indian Education Startups and its funding:
The world is changing too fast and simultaneously the age-old concepts and conventions are also changing and evolving with the flow of time. Starting from technology, lifestyle to marketing and business – the old norms are getting revised and revitalized in every area of the personal and professional world. Among the several new concepts of modern age, start-up business plans can be considered as a strategic business that simply breaks the former business concepts and startles people by presenting something extraordinary.
We all know that education is the most powerful weapon that can clear the obstacles from the path of your success and change the world. But the monotonous and conventional Indian education system sometimes makes the education boring and tedious. Keeping that in mind, education start-ups started to sprout in order to change the education technology of the country with their new concepts of spreading education to everyone.
Let us now talk about funding in start-ups:
All these start-up businesses or entrepreneurship are more like those wings which give you the ultimate professional independence and success without any doubt. But for any such business, you will need a strong backup and financial source that will help your dream to grow and expand. There are many people who cannot implement their dream into reality due to financial obstacles. Financial funding, therefore, is the very crucial part that shapes the growth of your business startup.
Do you know how funding or fundraisings can help your education startup to grow?
Funding ultimately helps you to surpass the obstructions created by financial inadequacies. Here are the few benefits of getting funding for any business or start-ups:
- 1. Survive in the high-level competitive market: Competition is everywhere nowadays. Starting from education, lifestyles to building your own business and career – people are rushing day and night to prove themselves unique with innovative concepts and strategies. But is it really possible to bring that superlative change without any strong financial support? Funding is also beneficial to maintain the quality and quantity of your brand irrespective of its product.
- Get your financial goals fulfilled: Financial support is like the backbone of your business start-up. It helps the business to stand firmly with all its glory and reputation. Funding therefore always helps your business to move towards the direction of the ultimate success by fulfilling all the necessary financial objectives. Starting from web developing, digital marketing, transportation to good and flair customer service – every part of the business will get benefitted by proper funding or financial resources.
- Clears every obstacle: Who does not wish to run their business smoothly and without any barriers? But every businessman or entrepreneurs face the various challenges on their way to success. In simplest terms, funding helps you to cross all these barriers and reach the peak of success with all glory.
Ultimate sources of funding:
Now when you know all the major benefits of funding, let now you know more about the major sources also from where you can get those funding:
- State funding: In India, various state governments have initiated funding facilities to help the education start-ups and overall education system to grow and change the future of their kids.
- Various Industry partnerships: Starting from Google, Siemens, Toshiba- there are many large corporations who also have come up with funding opportunities to improve the education system with the touch of modern technologies in the conventional classrooms and thus encouraging the education start-ups.
- Charity foundations: Charity foundations are the most common sources of getting funds. All over the country, there are numerous charity organizations that are always ready to contribute for the purpose of spreading education and also ready help the entrepreneurs who are trying to bring something new to make education more interesting and engaging for the students of the country.
- VC funds: There are multiple VC firms that are also specialized in education funding. For example:
- 500 Startups: This is one of the most well-reputed venture capital seed funds that support investments in over around 60 countries. Their goal is to support education start-ups and they already have made a marvellous record in that.
- Newschools Venture Fund: This fund organization supports the education start-ups and entrepreneurs from the same field as their aim is to make education available for every child in India irrespective of their financial background.
- Kapor Capital: Kapor capital VC fund focuses to leave positive impacts on the lives of the others. They also help with proper funding for in the education field and help the entrepreneurs scale their business.
- Own Ventures: This diverse venture capital fund organization solely aims to provide funds for education technology companies and helping the education start-ups grow and expand.
- Social Capital: Education is nowadays the most challenging social issues all around the world. Social Capital is one such investment team who encourages the entrepreneurs from healthcare and educational sectors by helping them with adequate funds.
- Local organizations: Other than all these, there are some local investment firms and various technology-focused corporations which offer funding helps for any sort of education start-up or initiatives. They can also sometimes provide the necessary fundraising process.
- Databases funds: Multiple databases are available which can help you to find the fund you are looking for your start-up. These databases are pulled from federal, regional, state and other community sources. Among the very popular resources, there are – GetEdFunding, Teachers Connect, GrantSelect and few more.
- Partnerships with universities and colleges: Getting into partnerships with various schools and colleges can also sometimes be beneficial to get the amount of fund you are looking for or get the chance of introducing a fundraising camp to arrange the financial support for your education start-up.
Conclusion:
Moreover, in this world of rejuvenating conventional ideas, some entrepreneurs are trying to add new colors to the world of education in India. Their start-ups and new ideas of classrooms definitely will leave a remarkable mark not only in the education sector but it will also grow the nation’s economic state. Simultaneously, education will also reach to every corner of the country involving those people who always have been detached from the ray of it. So, proper funding will thus help the entrepreneurs in fulfilling their sacred dreams to spread education all over the country.