indalytics - global education insights - january 2013

INDALYTICS ADVISORS JANUARY 2013

G — — — I

Global

Education

Insights

GLOBAL EDUCATION INSIGHTS I January 2013

© Indalytics Advisors l www.indalytics.com l [email protected] 1

CONTENTS

Middle East Countries Investing in Education ............................................ 3

MOOCs to be the Next Big Opportunity ..................................................... 3

Expanding Digital Education Space in the US ............................................. 4

Investment in African Educational Institutions .......................................... 5

India Becoming a Promising Educational Market ....................................... 6

List of Institutions and Organizations ......................................................... 8



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MIDDLE EAST COUNTRIES INVESTING IN

EDUCATION

Government of Kuwait is starting a new educational project, valued at KED321 million

(US$1.1 billion). The government will be spending the amount in 2014 — 2018, in

demolishing and rebuilding old schools, as well as building new schools. It is further

planning to build up 50 new schools, a building dedicated to private education, and

another building for National Center for Education Development at Al-Salmiya area.

Kuwait’s education ministry has also signed an agreement with the National Education

Institute (NEI) of Singapore to enhance the quality of its teachers. Under the

agreement, NEI will study and evaluate the education process in Kuwait, and will lay out

a plan to train teachers in accordance with Singapore’s academic standard. The six–

month study will help Kuwait in enhancing the professional, technical and educational

standards of its teachers.

In Saudi Arabia, the Ministry of Education is planning to launch 15 smart schools in all

the Kingdom’s 15 regions. The ministry is expected to spend approximately SR800

million (US$213 million) on these schools, eight of which will be for girls, and rest for

boys. The schools will provide modern educational aid to the students, and the ministry

is importing has signed an agreement with Shamel Company for importing necessary

electronic equipment.

MOOCS TO BE THE NEXT BIG OPPORTUNITY

Georgetown University has joined online higher education platform, edX. edX is a web

platform — classified as massive open online courses, or MOOCs — which provides free

online courses. It was started in May 2012 by Harvard University and the

Massachusetts Institute of Technology, and has so far joined hands with University of

California at Berkeley, University of Texas System, and Wellesley College, besides

Georgetown.



MOOCs are considered as the net big opportunity in education space, as they are able to

provide quality education without any financial and geographical barriers. There are

other web platforms, such as Coursera, which hosts classes from Johns Hopkins

University, universities of Maryland and Virginia, and several other US and foreign

institutions. At present there are approximately 208 MOOCs online from Coursera and

nine from edX.

Another major online education platform, Udemy, has recently received a funding of

US$12 million. The San Francisco based startup has received the second round of

venture capital funding from Insight Venture Partners. Started in 2010, Udemy provides

online learning platform for instructors to teach their skills over internet.

There is a similar trend in the UK, where 11 top universities are joining the Open

University to launch MOOCs. FutureLearn, a company set up by the Open University —

is partnering with King's College London, along with the Universities of Birmingham,

Bristol, Cardiff, East Anglia, Exeter, Lancaster, Leeds, Southampton, St Andrews and

Warwick — to provide free, online non-credit bearing courses to students globally.

Though the courses will be free, the revenue is expected to be generated from

certificates and exam invigilation.

EXPANDING DIGITAL EDUCATION SPACE IN THE US

In the US, McGraw–Hill Higher Education is collaborating with learning and

performance software developer — Ancile Solutions — to provide online educational

products. The collaboration will help McGraw–Hill Higher Education to use “Ancile

uPerform Express” digital content authoring tool, to develop new digital education

products. These interactive online products will be offered to McGraw-Hill Higher

Education customers through its digital teaching and learning environment — McGraw-

Hill Connect.

McGraw-Hill will start with the “ANCILE uPerform Express” in developing 2013 Health

Professions editions of medical office education products, including Computers in the

Medical Office (CiMO) and Medical Insurance and Insurance in the Medical Office.



In the US, state government of Idaho is planning to include Khan Academy content into

the education curriculum. Northwest Nazarene University and the J.A. and Kathryn

Albertson Foundation will work toward testing Khan Academy classes tested in

approximately 25 primary and secondary public schools across Idaho. While Northwest

Nazarene University will track improvement of the students taking math courses from

Khan Academy, the Albertson Foundation will provide funding for the program. Each of

the schools is expected to receive approximately US$10,000 — US$50,000 to implement

the program, depending on the number of students and teachers involved.

Pearson Education has invested US$89.5 million in Nook Media, LLC, a subsidiary of

Barnes & Noble, Inc. Nook Media is a retailer of content, digital media and educational

products. Pearson has taken 5% equity stake in the company, at a post–money valuation

of US$1.789 billion, in exchange for preferred membership interests. The investment is

expected to help Nook combine its online distribution and customer service with

Pearson’s expertise in online learning — and accelerate customer access to digital

content.

INVESTMENT IN AFRICAN EDUCATIONAL

INSTITUTIONS

In Ghana, a new education fund has been launched to improve standard of education in

Akanten and its surrounding communities. The fund, launched by Akantenhene, Barima

Appiah Darkwa II — is intended to improve teaching and learning, and assist deserving

children to continue their education.

French Development Financial Institution, Proparco, has signed an agreement with the

private College of Engineering and Technology (ESPRIT) in Tunisia for a stake of EUR2

million (US$2.64 million). ESPRIT is one of the major private educational institutions in

Tunisia, with enrollment of more than 3,500 students in 2012–13. The college trains

engineers, primarily in field of information and communication technology (ICT).



The US Agency for International Development (USAID) is collaborating with Senegal's

Ministry of Education for improvement of education in Senegal’s primary schools. The

collaboration is aimed at enhancing elementary reading and math skills of primary

school students. Besides USAID, Senegal government is also partnering with other

countries such as France, Canada and Japan, and organizations such as the World Bank,

and the Global Partnership for Education on enhancement of elementary education.

The total project is of three years, and is worth US$18 million.

INDIA BECOMING A PROMISING EDUCATIONAL

MARKET

US based provider of desktop virtualization — NComputing Inc. — is rapidly expanding

its presence in India. The company, which entered India in 2007–08, has implemented

its low-cost shared computing technology across government schools in seven states.

After deploying 700,000 computing seats across state educational projects and private

educational institutions, NComputing is looking for tenders in information and

communication technology (ICT) from other state governments.

Indian government is seeking public–private–partnership (PPP) to set up new Indian

Institutes of Technology (IITs) — prestigious engineering colleges in India. The

government is seeking PPP to setup 20 new IITs, and is planning to invest approximately

INR2,080.7 crore (US$382.9 million) on the project. The All India Council for Technical

Education (AICTE) — governing body for technical education in India — has approved

private companies with more than INR100 crores (US$18.4 million) of turnover to set up

technical institutions. The government therefore is seeking PPP from these companies

to setup colleges, where central government, state government, and the company will

contribute in the ration 50:35:15 respectively.

Professors from Carnegie Mellon University (CMU), US, have unveiled new business

courses for Indian students and executives. The business education courses will be

delivered through Academic Financial Trading Platform (AFTP), a MOOC started by

CMU Professors Raj Chakrabarti (Systems Engineering) and Anisha Ghosh (Financial

Economics). The quality and difficulty level of courses will be at par with those offered at

CMU, and a completion will result in formal certification by AFTP. The courses will be

offered in business subjects such as Investments, Macroeconomics, and Corporate

Finance.



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LIST OF INSTITUTIONS AND ORGANIZATIONS

Academic Financial Trading Platform

All India Council for Technical Education

Ancile Solutions

Barnes & Noble, Inc

Carnegie Mellon University

Coursera

edX

ESPRIT, Tunisia

FutureLearn

Georgetown University

Global Partnership for Education

Harvard University

Indian Institutes of Technology

Insight Venture Partners

J.A. and Kathryn Albertson Foundation

Johns Hopkins University

Khan Academy

King's College, London

Massachusetts Institute of Technology

McGraw–Hill Higher Education

National Education Institute, Singapore

NComputing Inc.

Nook Media, LLC

Northwest Nazarene University

Open University, UK

Pearson Education

Proparco

Shamel Company

St Andrews University

Udemy

University of Birmingham

University of Bristol

University of California at Berkeley

University of Cardiff

University of East Anglia

University of Exeter

University of Lancaster

University of Leeds

University of Maryland

University of Texas System

University of Virginia

University of Warwick

University Southampton

US Agency for International Development

Wellesley College

World Bank



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© Indalytics Advisors l www.indalytics.com l [email protected]

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Publication Volume: 13-001

Publication Date – January 2013

© 2012 Indalytics Advisors Private Limited

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