![]() ![]() With financial backing from significant personalities, Khan Academy’s business model can inspire new ed-tech firms to make education reach everyone free or at a minimal cost. 53% of girls in the age group of 5 to 9 years are illiterate. At least 35 million children aged 6 – 14 years do not attend school. ![]() A little over one-third of all children who enroll in grade one reach grade eight. As per Smile Foundation, less than half of India’s children between the age 6 and 14 go to school.Twenty-five percent of respondents to a national poll in US identified “a lack of financial support” as one of the biggest problems facing public schools in their communities.Many emerging countries do not appropriate the financial resources necessary to create schools, provide schooling materials, nor recruit and train teachers.To give you some perspective on why paid primary education is a problem globally and why need more of Khan Academy: ![]() They can provide a better alternative to for-profit ed-tech firms and make education accessible to all. With the shift of education from traditional classroom-based teaching to digital education due to the pandemic, Khan Academy can utilize this opportunity to realize its mission of free education. Key Partners: Key Partners include donors, subject matter experts, translators, and volunteers.Ĭost Structure: This includes platform development and maintenance, help centers, network management, and human resources. In 2019 $49.6 Mn were spent in developing the program and $6 Mn+ were spent on administrative expenses. Value Proposition: Provides high-quality videos on subjects created by experts in different languages. Key Resources: It includes educational content, donations, YouTube channel, volunteers, subject matter experts, and online platforms. ![]()
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