Virtual Skill Development Facilities at K12 Level and for Professional Workers

Computer training

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Virtual Skill Development Facilities at K12 Level and for Professional Workers
Virtual Skill Development Facilities at K12 Level and for Professional Workers
Including computer technologies, graphic designing and the like
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education
Education Technology
Business Model Description

Provide technical expertise to establish: > B2C K12 vocational training centres to improve IT skills > B2C digital platforms for imparting technical, professional and skill development through online classes, worshops and certification programs to improve employability Examples of some companies active in this space are:

PT Hacktivate Teknologi Indonesia, founded in 2016, offers learning programs and coding bootcamp for developers. It provides full time, part time, and online program and curriculum. It raised USD 3 mn in pre-Series A round from East Ventures Pte. Ltd.; Sovereign's Capital; PT Sinar Mas Digital Ventures; AC Ventures; PT Prasetia Dwidharma; Skystar Capital; RMKB Ventures; EverHaüs. (15)

PT Cerdas Digital Nusantara, founded in 2013, operates Cakap, an online learning platform that allows direct 2-way interaction between students and professional teachers around the world to teach English, Chinese, Japanese and Indonesian language learning courses to children and adults. Cakap raised USD 10 mn in a Series B round led by Singapore-based Heritas Capital and Centauri Fund. (16)

PT Codemi Global provides an online learning platform for employees and partners, including online training, course catalog, online test, and learning reward. It serves the insurance, FinTech, financial services, real estate, mining, and retail industries. It raised an undisclosed amount in seed funding from Init 6, a fund led by Bukalapak founder, Achmad Zaky. (17)

Popskul, founded in 2020, owns and operates a skill certification platform. In 2021, it was acquired by Astronaut Technologies Pte Ltd. (a mobile-first recruiting platform) for an undisclosed amount. It also funded USD 2 mn in a pre-Series A round for Popskul (18).

Bahaso (PT. Bahaso Intermedia Cakrawala), founded in 2015, is an online language learning platform for foreign languages. Bahaso provides lessons in English, Mandarin, and any other languages with interactive content. In 2020, Bahaso reported revenue of ~USD 5 mn. (19)

Expected Impact

Provision of virtual skill development facilities to promote upskilling of the workforce and contribute to economic growth.

How is this information gathered?
Updated: 9 Dec, 2023
Indonesia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
Market is in a nascent stage and no exits have been observed so far.
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
Increase in consumer spending on additional training: USD15.4mn- 2015; USD37.5mn- 2019 (9)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Gender Equality (SDG 5) No Poverty (SDG 1)

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Sector Sources
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IOA Sources
  • (15) EdTechReview. 2020. Indonesian Coding Bootcamp Hacktiv8 Raises $3 Million to Build More Schools, Set Up ISA Program. https://edtechreview.in/news/3826-indonesian-coding-bootcamp-hacktiv8-raises-3-million-to-build-more-schools-set-up-isa-program (16) Forbes. 2021. Indonesian Edtech Startup Cakap Raises $10 Million From Centauri Fund, Singapore’s Heritas Capital. https://www.forbes.com/sites/yessarrosendar/2021/12/19/indonesian-edtech-startup-cakap-raises-10-million-from-centauri-fund-singapores-heritas-capital/?sh=290bcfd06c0b (17) Tech in Asia. 2020. Corporate learning platform Codemi secures seed funding from Bukalapak founder’s Init 6. https://www.techinasia.com/corporate-learning-platform-codemi-secures-seed-funding-bukalapak-founders-init-6#:~:text=3%20min%20read-,Corporate%20learning%20platform%20Codemi%20secures%20seed%20funding%20from%20Bukalapak%20founder's,as%20part%20of%20the%20investment. (18) Incubees. 2021. To accelerate talent digitalisation in Indonesia, Astronaut acquires POPSkul. https://incubees.com/to-accelerate-talent-digitalisation-in-indonesia-astronaut-acquires-popskul/ (19) Rocketreach. 2022. Bahaso Limited Information. https://rocketreach.co/bahaso-limited-profile_b44400b4faaa9682 (20) World Bank. 2019. Indonesia Skills Development Project. https://documents1.worldbank.org/curated/en/594741563369992590/pdf/Concept-Stage-Program-Information-Document-PID-Indonesia-Skills-Development-Project-P166693.pdf (21) AVPN. 2022. Dana Cita Student Loans. https://avpn.asia/deal-share-platform/dana-cita-student-loans/ (22) Said Irandoust. 2019. Indonesia Must Get Future-Ready. https://theaseanpost.com/article/indonesia-must-get-future-ready (23) Lee Kuan Yew School of Public Policy. 2016. Microsoft Case Study Series on Technical and Vocational Education and Training. https://lkyspp.nus.edu.sg/docs/default-source/case-studies/lkysppms_case_study__technical_and_vocational_education_and_training_in_indonesia.pdf?sfvrsn=e5c5960b_2 (24) TechNodeGlobal. 2021. Indonesia edtech firm Cakap secures $10M in Series B funding co-led by MDI-KB's Centauri and Heritas Capital. https://technode.global/2021/12/10/indonesia-edtech-firm-cakap-secures-10m-in-series-b-funding-co-led-by-mdi-kbs-centauri-and-heritas-capital/ (25) Old Rope. 2021. EdTech in Indonesia 🇮🇩- The way forward. https://oldrope.substack.com/p/indonesia-edtech?s=r. (26) Yudistra Nugroho, Ilham Samudera. 2018. All eyes on e-money: The race to reach 180M unbanked Indonesians. https://www.thinkwithgoogle.com/intl/en-apac/future-of-marketing/emerging-technology/all-eyes-e-money-race-reach-180m-unbanked-indonesians/ (27) KPMG. 2017. 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