Hybrid Education Platforms for Upskilling and Technical Education

Woman browsing on her laptop

By Tran Mau Tri Tam on Unsplash

Back to Search
Hybrid Education Platforms for Upskilling and Technical Education
Hybrid Education Platforms for Upskilling and Technical Education
Select for Comparison
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

Invest in B2B/B2C hybrid upskilling education platforms to meet evolving labor market needs and provide dynamic and continuous learning opportunities.

TomYo Edtech, established in 2019, is an educational technology company aiming to offer world-class opportunities to youth in developing nations. TomYo's online learning platform has 350,000 users across Mongolia. It operates a hybrid secondary school, online study-abroad support, and upskilling lessons for youth and mid-career professionals.

MeLearn, established in 2019, is a digital platform for early- and mid-career professional skill development. With 100,000 registered users, MeLearn is expanding to become a micro-learning social platform for upskilling. MeLearn's metaver.com is expanding to India and Philippines markets.

Expected Impact

Provide quality education via digital platforms for early and mid-career professionals to enhance employability and skills in the labor market.

How is this information gathered?
Updated: 8 Jul, 2023 Date of Production: 9 Jul, 2023
Mongolia
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).
15% - 20% (in GPM)
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.
< USD 50 million
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4) Gender Equality (SDG 5) Decent Work and Economic Growth (SDG 8)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Reduced Inequalities (SDG 10)

Expand all

Print

Sector Sources
  • 1) World Bank (2020). HCI Report Mongolia 2) UNDP, Government of Mongolia (2020) Human Development Report 3) UNESCO (2020) Education Policy Review 4) Government of Mongolia (2021). Education sector mid-term development plan 5) ILO (2017) Jobs and skills for youth: Review of policies for youth employment in Mongolia 6) UNICEF (2021) MICS-EAGLE Mongolia Education Fact Sheet 7) Center for technical education, evaluation, information and methodology (2021) https://mlsp.gov.mn/uploads/files/52MT_salbariin_ur_chadvariin_erelt.pdf 8) UNICEF (2022). https://www.unicef.org/mongolia/stories/transforming-education 9) Government of Mongolia (2021) Ten-year development plan 10) National Statistical Office (2021) https://1212.mn/BookLibraryDownload.ashx?url=Internet__phone_use_2020.pdf&ln=Mn 11) ICT internal survey (2020) 12) UNDP, (2021), Iterating a Mongolian version of Digital Literacy, https://www.undp.org/mongolia/blog/iterating-mongolian-version-digital-literacy
IOA Sources
  • 13) Data Portal (2022) DIGITAL 2022: MONGOLIA. https://datareportal.com/reports/digital-2022-mongolia 14) NSO (2023) MONTHLY AVERAGE PER CAPITA CONSUMPTION, by main categories of consumption, urban and rural https://www2.1212.mn/tables.aspx?tbl_id=DT_NSO_1900_011V1&13999001_select_all=1&13999001SingleSelect=&HSEH_select_all=1&HSEHSingleSelect=_2_3_5_6_7_8_9_10_11_12&YearY_select_all=1&YearYSingleSelect=&viewtype=table 15) Statista (2023) Online Education - Worldwide https://www.statista.com/outlook/dmo/eservices/online-education/worldwide 16) Lorinet Foundation. (2022). Youth Employability Landscape Study, https://www.lorinetfoundation.org/wp-content/uploads/2022/05/ENG_Youth-Employability-Landscape-Study_Lorinet-Foundation_2022.pdf 17) NSO (2023) GRADUATES OF DOMESTIC UNIVERSITIES, INSTITUTES AND COLLEGES, by professional field, by educational degree 18) The Asia Foundation (2019) Women in ICT: Entering a Forbidden Space https://asiafoundation.org/2019/05/08/women-in-ict-entering-a-forbidden-space/ 19) SDT Tracker (2023) Gender Equality https://sdg-tracker.org/gender-equality 20) ADB (2022) Working paper: Impact of Gender Inequality on Long-Term Economic Growth in Mongolia. https://www.adb.org/publications/impact-gender-inequality-long-term-economic-growth-mongolia 21) Yin, Zhaohui et al. (2022) The impact of online education on carbon emissions in the context of the COVID-19 pandemic – Taking Chinese universities as examples, https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8913334/ 22) ILO (2017) Jobs and skills for youth: Review of policies for youth employment in Mongolia. Retrieved from https://www.ilo.org/wcmsp5/groups/public/---ed_emp/documents/publication/wcms_542025.pdf 23) ADB (2016) Social Protection Brief. Strengthening the Labor Market in Mongolia: Skills for Employment Project 24) Government of Mongolia (2020), Mongolia's Five-year Development Guideline for 2021-2025 https://cabinet.gov.mn/wp-content/uploads/2020_FIVE_YEAR_DEVELOPMENT_GUIDELINE_OF_MONGOLIA_2021-2025_Final_OE.pdf 25) Government of Mongolia (2020), Mongolia's ten year development plan 26) Mongolian Tax Authority (202X) List of services and products exempt from VAT