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IIM-T seeks Hike in Funds for Campus

By
digitalLEARNING Network
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The authorities of the Indian Institute of Management Trichy has decided to revise the proposal estimate to 650 crore and seek funds from the Ministry of Human Resource Development, due to cost escalation and construction work on the campus is going ahead of schedule.

Earlier, in 2007, the proposal was made for 1.15 lakh square feet. Now, due to cost escalation, it has been restricted to 78,000 square feet. Previously, the cost estimate was Rs 333 crore.

The IIM-Trichy campus is the 11th institute established by the Government of India. The Institute, launched in June 2011, is currently functioning on the National Institute of Technology (NIT-T) campus, Trichy. The foundation for the new 175-acre campus was laid by the then Minister of HRD and Telecommunication Kapil Sibal on January 4, 2011.

The IIM-Trichy offers post graduate programme in management (PGP), a two-year full-time residential programme; fellow programme in management (FPM) for doctoral candidates; post graduate programme in business management (PGPBM), three year part-time programme for working executives on the Chennai campus, and post graduate programme in human resources management (PGPHRM).

Career Point partners with NSDC to skill 4.5 lakh youth

By
digitalLEARNING Network
-

Career Point Ltd, a leading education player in India, has entered into a partnership with National Skill Development Corporation (NSDC) – the institution promoted by the Government of India to catalyse training and skill development of the people. The aim of partnership is to skill 4.5 lakh youth in 36 diverse trades of multiple sectors across different geographies of the nation over a period of 10 year.

The cost of project is estimated to be Rs 16.8 crores. NSDC would provide a financial loan, at subsidised interest rate, of Rs 12.6 crores in tranches over the first two years to Career Point for executing the project that includes training under key industrial and service sectors.

The project plan includes sectoral training in Retail, Information Technology (IT & ITes), Banking & Finance (BFSI), Automotive, Courier & Logistics, Construction, Healthcare, Capital Goods and Electronics. Under this programme, the courses would be of about 3-4 months duration, covering classroom training, practical and on-the-Job training.

Indian students pursue higher education for upskilling, LinkedIn Survey

By
digitalLEARNING Network
-

Indian students seeking higher education have ‘exclusive and critical shortlists’, according to a global survey by social networking website – LinkedIn. The students are motivated towards higher education by a desire to upskill.

In a survey of 856 students in the country, 394 have a Masters’ degree and 462 are aspiring for one. The survey reveals that prospective shortlist for students is as small as having only four schools or institutions. Out of them, 63 per cent are ready with their list before reaching out to a representative of a schools and 78 per cent successfully make it to a school from their shortlisted schools.

According to the survey, the main reason to pursue higher education is the need to upskill that drives them the most. About 60 per cent of the students called it the main motivating factor. The other factors that influence the decision to undertake higher education are: leadership development (43 per cent); passion for learning (42 per cent); higher salary (37 per cent); and, entrepreneurial opportunities (36 per cent).

Professional network is another factor that plays a vital role in the decision making. More than 50 per cent of the students find professional networks to be better and influential source of information than the personal ones (21 per cent). The survey also found out that the students going for an MBA or a Master’s degree are more likely to be active on LinkedIn.

MIT starts India’s first EdTech Accelerator Programme

By
digitalLEARNING Network
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Maharashtra Institute of Technology (MIT) has set up Edugild – India’s first edtech accelerator to focus only on the education sector.

Under the Edugild programme, two batches will be conducted every year, in which start-ups will receive seed funding worth Rs 15 lakh in return for a minority stake (sub 10 per cent). It will also provide guidance and mentorship regarding instituting a start-up, pitching to venture  (VCs), business management and customer acquisition, marketing and assist in scaling up business.

For its accelerator programme, in the first year, it received applications from 300 entrepreneurs from all over India, focused on the education sector. Out of these, four companies have been selected.

The shortlisted companies include:

  1. Classboat, a Pune based start-up, which helps students to find and select classes in the city;
  2. Instafeez, a Bengaluru based start-up which has developed a payment solution and their services also provide a seamless fee reconciliation platform;
  3. Simulanis, a Delhi-based start-up that uses 3D gaming and augmented reality based tools for engineering learning; and,
  4. Gradopedia, a Mumbai-based start-up, dedicated for graduates to experience simulated job profiles of their aspirations and then make a wise choice of the career paths to pursue.

At Edugild, these start-ups will undergo a four month acceleration process during which they will get seed funding, access to mentors and testing facilities. In addition, they will be coached and mentored by senior and successful industry leaders who would provide their expertise to encourage the spirit of innovation, challenges and risk-taking.

IITs recommend Threefold Hike in Fee

By
digitalLEARNING Network
-

The Indian Institutes of Technology (IITs) recommended a threefold increase in the tuition fee for B.Tech students to Rs 3 lakh a year from Rs 90,000, from the academic session, which will begin this summer.

From the next year, they also suggested an aptitude test on the lines of SAT in America, for screening the students before they take the Joint Entrance Examination (JEE) for admission to IITs and the National Institutes of Technology (NITs).

Being the chairperson of the IIT Council, the apex decision-making body for these premier technology institutes, it is up to Smriti Irani, Human Resource Development Minister to take the final call on the issues.

The recommendations came from the IIT Council’s standing committee.

Simplifying Life of EDUCATION PROVIDERS

By
digitalLEARNING Network
-

With a vision to defining the future of education through innovative EduTech solutions Unni Krishnan Koroth co-founded the Foradian Technologies. He talks to Elets News Network (ENN) about Foradian’s vision, journey, solutions, initiatives, unique proposition, future plans and much more.

What is the vision of Foradian Technologies?
Foradian builds educational software to simplify the life of institution administrators and teachers, so that they can focus on the most important thing: educating the children. We are bridging the digital divide in education by offering Fedena Core as open source and selling premium product and services at affordable pricing.

With many players in the EduTech space, what is different about Foradian Technologies?
The EduTech space is an unorganised market with lot of noise. We are differentiating on three things:

  • Quality of product, quality of code and user experience;
  • Delivery mechanism and automating sales and after sales through a pure SaaS strategy;
  • Long-term strategy – We built Foradian to the present level with minimum resources by believing in a long-term strategy. We will be here for the next 10+ years. So we are not in a rush.

How do the solutions offered by Foradian simplify the life of institution administrators and teachers?
Our product Fedena provides userfriendly dashboards with login access for teachers, non-teaching staff, students, parents and management personnel of an institution. The various modules available in Fedena facilitate all the processes of an institution, from admission of new students to generating transfer certificates when students complete their studies.
Fedena has modules to manage Timetable, Attendance, Examinations, Gradebooks, Campus News, Hostel, Library, Transportation, School Calendar, Events and much more. It has a full-fledged Human Resource Module to manage the payroll and employee pay slips. The Finance Module helps you to plan and allot different fee structures to
students.

Fedena is also an excellent collaboration tool having Task, Discussion, Poll, Blog and Video conference plug-ins. There is an internal messaging system within Fedena, but you can also integrate it with external communication tools like email and texting. To find out more, one can try the free demo available at www.fedena.com.

Fedena: All-in-one Software to Manage Schools and Colleges
Fedena has everything an institution will ever need – grade books, parent-teacher collaboration, attendance, fee management and 50+ feature rich modules. This software can automate everything, generate insightful reports, make better & faster decisions. Used in 200+ countries, it is also available in Spanish, French and 18 other languages.

One of our earliest implementations of Fedena Project ‘Sampoorna’ is still one of the biggest and successful implementations of Student Information System on eGOV level. Last week, we released Fedena 3.5 with lot of new enhancements.

Foradian Technologies, being the start up at that time, was behind creating ‘The Rupee Foradian’ font. How is the journey since then? What are the achievements in terms of innovation?

We had a really long, challenging and satisfying journey till now. We were listed in Deloitte Fastest Growing 50 Technology Companies of India for the past two years. We secured an angel investment of $2 million from William Bissell, MD of FabIndia. One of our earliest implementations of Fedena Project ‘Sampoorna’ is still one of the biggest and successful implementations of Student Information System on eGov level. Last week, we released Fedena 3.5 with lots of new enhancements. We are excited about what lies ahead of us.

What are the future plans of your company? Are you planning to launch any new products?
Other than Fedena, we have launched Unity — a simple learning management platform. We don’t have plans for any other products at the moment. We are learning and improving our existing products and services, based on the feedback we receive from our customers.

How technological transformations and innovative learning tools can change the education landscape in India in the coming decade?
Technology will work as a catalyst in transforming education landscape of India as well as world. One of the biggest trends is more and more millennials (born after 1980s) are coming to the leadership, administration and teaching roles of educational institutions. This is going to be a game changer. With the help of different innovative tools, the leadership will transform the way kids learn and teachers teach. Another mega trend is the millennials becoming parents and sending their kids to school. These parents are also tech-savvy and will play a key role in achieving this vision.

Being the leader of the company, what are your professional achievements and priorities you set for the future?
Our key priority is to keep doing things that are working for us. Over a period of time, we have established some really good organisational habits, like constantly releasing new versions of Fedena based on customers feedback, and balancing the need for customisation with the challenges of scale. We have a strong focus on running a business that is proi table and growing in revenue year-after-year. Majority of our customers are from outside India. So we will continue our focus on international markets.

SBI launches Collateral Free Education Loan to Study Abroad

By
digitalLEARNING Network
-

State Bank of India (SBI) has launched an overseas education loan ‘SBI Global Ed-Vantage’, for students who want to pursue higher education abroad.

SBI Scholar Loan scheme has been specifically designed for those students who get admission to a specific list of 100+ top institutions in India, covering engineering, management, medicine, law etc.

The loan is collateral free and is available at low interest rates. In recent years, there have been a steady increase in enquiries for educational finance for foreign Universities. But due to high cost of education, the students often find it difficult to pursue their studies for want of adequate finance.

The SBI Global Ed-Vantage aims to support those students who are pursuing full-time regular courses in foreign colleges and universities. This will cover courses from regular full-time graduate, postgraduate and doctorate courses in engineering, technology, science, medicine, mathematics and management in institutions of countries including the USA, the UK, Canada, Australia, Singapore, Japan, Hong Kong and Europe.

The amount of the loan is from Rs 20 lakh to Rs 1.5 crore and up to 80 per cent of cost of course is eligible for financing. There is a special concession of 0.5 per cent for girl students.

Encouraging Creativity and SELFEXPRESSION

By
digitalLEARNING Network
-

Hazel Siromoni
Managing Director, Maple Bear, presents an account of the different innovative pedagogies and programmes at the school

Canadian early childhood practice. The programme is designed to educate the child as a whole – physically, intellectually, emotionally, and socially. Integration of subjects in thematic way provides a rich and stimulating programme that encourages creativity, imagination and self-expression.

Canadian early childhood practice. The programme is designed to educate the child as a whole – physically, intellectually, emotionally, and socially. Integration of subjects in thematic way provides a rich and stimulating programme that encourages creativity, imagination and self-expression.

Canadian early childhood practice. The programme is designed to educate the child as a whole – physically, intellectually, emotionally, and socially. Integration of subjects in thematic way provides a rich and stimulating programme that encourages creativity, imagination and self-expression.

A priority of the child-centred programme at Maple Bear is Language Arts. Language Arts involves the areas of listening, speaking, reading, writing, viewing and representing. Children will be taught how to listen carefully and speak fluently. They will learn how to read and will also develop a love of reading which is a skill for life. Reading is an enabler that opens the door to all learning. Child will, in this way, gain confidence and acquire the skills required to become a lifelong learner. Writing is a process that is on a developmental continuum from the early stages of simply scribbling to being able to write complex sentences and express ideas. Children will be carefully guided and encouraged to make progress along this continuum. Viewing and representing means learning the techniques and conventions of visual language to become more conscious, critical, and appreciative readers of visual media, and ultimately become more effective creators of visual products. In Mathematics, the Maple Bear programme provides children with many opportunities to develop and strengthen their skills in counting, understanding and using numbers, and calculating simple addition and subtraction problems. Children will explore and learn about shape, space, measurement, patterning, and data management.

The Maple Bear Science programme has been designed to take into consideration the developmental stages of pre-school children. At this young age, children require many experiences that are essential for enquiry-based learning.

In Social Studies, children will be guided to make sense of the world around them and their community through opportunities to explore, observe, and find out about people, places, technology and the environment.

The result of this is for the child on what is taking place in a Maple Bear classroom is:

  • English language learning in an immersion environment;
  • Inquiry-based teaching-learning is taking place through questioning, observing, investigating and doing;
  • Focus on higher order thinking skills – Thinking v/s Memorising; We are encouraging time to practice skills, important occasions to learn to work independently and cooperatively as well as allowing time for reflection.

Ed-tech Startup Avagmah raises fund for Technology Enhancement

By
digitalLEARNING Network
-

Avagmah, a Bangalore-based ed-tech startup focussed on higher education, founded in 2013, announces investments by Kris Gopalakrishnan, co-founder and former CEO & MD of Infosys and Atul Nishar, founder of Hexaware and Aptech Computer Education. In the last 18 months Avagmah has secured $5 million in investments. In the same time, it has grown 8 times, and has already become operationally profitable.

Avagmah will use the latest investment on technology enhancement in acquiring new Indian university clients. It currently works with three universities that include Pondicherry University, Bharathidasan University and Los Angeles-based UCLA Extension.

Kris Gopalakrishnan, said, “The current brick and mortar higher education system is facing major challenges of excellence and access, with only 24 million students enrolled out of the potential 120 million. Universities and top tier institutions have to adopt technology to provide access to quality education to millions of working professionals and students in urban and remote India, which would then address the demand-supply gap of skilled talent. I see great potential in startups like Avagmah which can bring in positive disruption in our education system through technology.”

Avagmah provides state-of-the-art intuitive Avagmah Technology Platform (ATP) on a managed services model, assisting universities with digital marketing technology. It also provides application-based and web technology solutions for delivery of courses by universities. Avagmah offers web and mobile app platforms, helping universities manage the entire lifecycle of their students including marketing, admissions and other administration processes.

Atul Nishar, said, “Shortage of quality faculty is the single major challenge which universities are facing today. Universities will gradually resort to using technology to increase their reach and ease faculty access to students. I firmly believe that education technology players like Avagmah will play an important role in the future of education in India.”

Karthik KS, Founder and CEO of Avagmah said, “Avagmah spent the first two years in building a robust collaborative technology and demonstrating its business model at three of the university clients it had acquired. We are satisfied with the success in the initial phase, with one of the university clients reporting 200 per cent growth in student enrollment in 12 months which reached itself to a much larger audience using Avagmah’s technology and services. Avagmah is now focussed on scaling its success to grow 10x in the next 2 years.”

FlipClass raises $1 m from S Chand & Blume Venture

By
digitalLEARNING Network
-

FlipClass, a Bangalore-based home and online tutoring startup, has raised $1 million in funding from education content and services provider S Chand and Company Pvt Ltd (S Chand) along with Blume Ventures.

Founded by Vineet Dwivedi, an IIT Kanpur graduate, FlipClass is a technology platform that connects tutors and students to provide effective home, online and mobile tutoring solutions. It also has an inbuilt assessment tool to gauge student learning and provide key inputs that help improve performance. The platform recently launched a doubt clearing mobile app FlipTutor, which uses Whatsapp like interface to provide answers in real-time.

Vineet Dwivedi, Founder and CEO, FlipClass, said, “FlipClass has an active database of 4,000 students and 10,000 tutors and has delivered over 200,000 hours of home and online tuitions. We are very excited to have S Chand invest in our platform. We will also look to integrate their content with our learning tools and provide a more enriching experience to students.”

Gaurav Jhunjhnuwala, Director, S Chand, said, “S Chand aspires to lead the knowledge ecosystem and support management teams building disruptive technologies in the educational services and content space. Investing in FlipClass is a step in this direction.”

“At Blume, we are core believers of edtech and its ongoing relevance for years to come. Even with the advent of online solutions, home tuition and tutors continues to be a huge market with innate problems of discovery and selection. This is where we believe FlipClass will play a significant role by aggregating tutors and parents onto a single platform. Equipped with unique tech tools that help parents assess their child’s progress, FlipClass has a high engagement and retention rate,” said Karthik Reddy of Blume Venture Advisors.

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