Photo - Rex Academy
play_arrow
View
49593

Rex Academy

Online platform to learn and teach technology.

USA, Texas
Market: Education, training
Stage of the project: Prototype or product is ready

Date of last change: 05.10.2020
Rating
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

We are building SaaS platform to make it easy to teach and learn Computer Science skills to High School and Workforce development Schools, organizations and individuals. Key features of our platform are Online Lab Environment, AI Platform, Different Learning Styles, Job focused pathways, Interactive simulations and animations.

Current Status

So far we generated 70,000 USD revenue in 2020. We partnered with organizations like YMCA and we are going to generate revenue of 600K in 2020.

Market

K12 Public Schools, Private Schools and Charter Schools in USA. Work force Development organizations like Community Colleges, community colleges.
Global Online Education ​​will be $132.98 billion by 2023​

Problem or Opportunity

It is important for every kid to learn technology skills. It is as important as learning to read and write for this generation, but schools are not teaching to the extent they should as there is a huge shortage of teachers. Only 78 CS teachers graduated across the nation in 2018.  

There are lot of technology jobs and we need to make it easy to move people to these jobs where they need to be in (tech jobs) from the jobs they are in right now. 

There is no good platform that will easily let any tech educators easily teach and for tech learners to easily learn technology skills. 

Solution (product or service)

Online secured eLearning platform that will make it easy to teach and learn technology.  

Competitors

CodeHS, Tynker, Code.org and Compuscholar and they control 10 % of market.

Advantages or differentiators

Best Curriculum with Instructional Videos, Financial Gamification, Leads to Certification, we have global pricing strategy based upon market conditions. Still in early stage in terms of Customer Acquisition.

Our curriculum constitutes of interactive simulations, animations, videos, PowerPoints, that is self-paced, project based and addresses all learning styles. Online in-built lab environments and financial gamification, K-12 standards aligned, and certifications aligned Career pathways in technology.

Finance

Position Rex Academy’s product as easy to use and containing a robust computer science curriculum.

Focus will stress self-pace aspects and web enabled. Web site redesign will capture more k 12 aspects especially 9 / 12 emphasis.  Use of social will increase as we will position CEO as innovator and forward thinker. CEO will have her own blog. Board of directors will contain tech executives who can be positioned as door openers and who have strong third-party relationships. Rex will partner with other third-party companies who have gaps in their product offering and wish to white label or private label. There will be a software licensing strategy into the franchise market but implemented as a soft approach. No intent to do brick and mortar.

Here is the link for financial projections
https://sandyrex-my.sharepoint.com/:x:/g/personal/sandy_rex_academy/EQULhKOqdPBCvmA5KJYdxF4B9IycrKnfb7wnkut_08rx-g?e=uJiKiy

Business model

Students subscription model from Individuals, organizations, and resellers

Money will be spent on

We are going to use the funds raised for adding the AI and marketplace to the platform. Enhancing our current curriculum and building new K-5 curriculum.

Also increase our marketing and sales efforts to fuel our growth

Offer for investor

Convertible Note of 1.4 Million.

Risks

Cash Flow

Incubation/Acceleration programs accomplishment

Participated in Capital Factory Incubation Program. Applied for Y Combinator Acceleration Program.

Won the competition and other awards

We Won TiE Dallas Women's Pitch Competition.

Photos

Photo 1 - Online platform to learn and teach technology.
Photo 2 - Online platform to learn and teach technology.
Photo 3 - Online platform to learn and teach technology.
Photo 4 - Online platform to learn and teach technology.

Product Video

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility30
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video