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Sahara Technical and Vocational Institute (STVI). Fernanda Ferrufino Saahid Jami Christine Rathbone Elsi Romero Wais Shoja Gabriela Silva. 40% 500,000 6% 1 in 5. Venture Management. Experienced Business Entreprenuers Finance, Education, Foreign Relations
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Sahara Technical and Vocational Institute (STVI) FernandaFerrufino Saahid Jami Christine Rathbone Elsi Romero Wais Shoja Gabriela Silva
Venture Management • Experienced Business Entreprenuers • Finance, Education, Foreign Relations • Private & Public Education Markets • Scalable, Mobile & Adaptable • Low Risk, High Return
Corporate Mission Sahara Technical and Vocational Institute (STVI) is a premier outsource provider of vocational training and education for private and public entities that prepares students for an evolving workplace in a global labor market and helps them individually realize innate talents and a better quality of life.
Problems • Underfunded TVET • Extensive Bureaucractic Oversight • Jua Kali • Curriculum ≠ labor market demands • Low Retention Rate Instructors • Regional Inaccessibility
Venture Concept (Solutions) • Accessible: Community based • Competitive Instructor Compensation • Quality: Certification & Diplomas • Independent Supply & Administration • Partner w/Government Infrastructure Projects
Market Opportunities – Regional & Kenya $2.6 TRILLION - GDP Africa in 2020 1.1 BILLION - # working in 2040 $2.2 B in 2010 for Education in Kenya 5-7% Growth of Kenyan Construction Industry Joint World Bank/UNESCO/Kenya Ministry of Education targeting TVET improvement by 2010
Market Strategy • Mobile units distributed to densely populated suburban areas. • Partnerships: Govt (Ministry of Education, Higher Education Loan Board HELB, local school boards, local companies/businesses • Unlimited market potential (500,000 people are added to the labor force each year)
Competitive Advantage • No Market Entry Barriers, Limited Competition • Minimal Risk w/Easy Exit Strategies • Affordability – Student Loans, Mid point • Location Based Increases Access to Market • Updated Technology, Materials & Equipment • Independent Management & Supply • Certified Instructors w/ Compensation • Certifications & Standards • Teacher Ratios 1:30
Funding Requirements • Needed – $4 Million • Funding Utilization: • Start Up Operations: $550K • Equipment & Mobile Units: $2 Million • Training Development: $1Million • Reserves: 450k • Expansion Opportunities - 2014
Conclusion • Entering an untouched market • Opportunity for regional growth • Innovative education system