doyenist Student Attendance Tracking Software Investment Opportunity by
doyenist Student Attendance Tracking Software Investment Opportunity by Doyenist Ltd © 2019, Doyenist Ltd
The Case
. 01 Institutions register student attendance for many reasons • Compliance (VISA, Ofsted, Student Financing, Employers) • Resource Utilisation The Case • Student Retention and Engagement • Decision Making 3
. 02 There are several methods and technologies to register attendance and they all fall into two categories: • Manual Registration The Case • Automated Registration 4
The Case Registration Methods and Technologies Automated Manual • The staff takes attendance, • Students play an active role and register themselves using different technologies and equipment typically, at the beginning of each session using pen and NFC/RFID Barcode/QR Code paper • The staff enters, manually, attendance in Excel Magnetic Strips Biometric (Finger Print Scanning) spreadsheets or in Student Information Systems (SIS) Geo-fence (Bluetooth/Beacons/Wi-Fi) (Bluetooth/Wi-Fi) Face Recognition 5
The Problem
The Problem The Challenges (i) Manual Registration . 01 The paper sheet may be misplaced or lost and, if spreadsheets are used, the files may not be available to the administration . 02 Teaching staff loses a few minutes but for an institution the amount of time dedicated to manual registration can be significant . 03 Attendance information is not available real-time 7
The Problem The Challenges (ii) Automated Registration (Current Solutions) . 01 In the majority of the solutions, students are required to carry specialized equipment (cards with RFID chips, magnetic strips). This may be a significant cost factor for the institutions . 02 Institutions need to invest in expensive technology (RFID/card/barcode readers, biometric/ face recognition hardware and software) or a separate installation of devices may be required . 03 Most of the systems are not accurate enough . 04 Some solutions require accurate setup and expensive maintenance of databases (e. g. face patterns and fingerprint scans) . 05 Sophisticated systems rely on students’ personal data (e. g. fingerprints) and the storage and management of it is, increasingly, becoming an important issue due to changes in legislation (GDPR) 8
The Problem True Cost (i) Attendance Tracking Costs Time, Money and Effort In each university, nearly 360 teaching sessions take place every week Even if attendance tracking takes as little as 10 minutes 3, 600 minutes or 60 hours per week are lost. For the typical academic year of 25 weeks this costs 1, 500 lost hours of teaching Which translates to monetary cost of anything between £ 37, 500 - £ 90, 000 per year per institution * Based on data from Higher Education Statistics Agency (HESA) – Accessed 16/05/2019 9
The Problem True Cost (ii) Attendance Tracking Costs Time, Money and Effort If automated attendance tracking is in place, two additional cost centres appear: • Initial cost for equipment: which can exceed £ 5, 000 for a small institution • License Fees Errors Additional Administrative Cost to fix erroneous registers £? ? ? 10
The Problem True Cost (ii) 1, 500 hours £ 37, 500 - £ 90, 000 + License Fees + £? ? ? per year per institution + £ 5, 000 for infrastructure For checking if a student is in the classroom? 11
We can do BETTER By turning the tables with actionless registration
The Solution doyenist Student Attendance Tracking Software Simplicity The student downloads the app in their mobiles Maria Mobile Application doyenist lives in the mobiles of the students. doyenist, automatically, doyenist detects if the student is present, registers them automatically, locates where the student sits in the classroom… registers students to active sessions Image from https: //eienanimation. wordpress. com/2015/02/02/3 d-backgounds-theclassroom/ …and identifies when the student leaves the room Without any Additional Equipment Without any tutor or student intervention (no clicks, no scans) 13
The Solution How it works 1 Administration and resourcing teams feed student lists and class scheduling to doyenist (can be retrieved from existing SIS) 2 Students download doyenist app in their mobiles and register with their institution details 3 Every time students sit in an active session, doyenist registers them automatically (clock in/out) without any additional steps (no clicks, no taps, no scanning) No Need 14
The Solution doyenist Student Attendance Tracking Software Additional Features Tutor Tools Student Tools Admin Tools Branded doyenist provides an doyenist opens the The application can be real-time overview of attendance possibility to branded using the where the students sit and highlights risk administration for colors and the logo of factors better resource the institution planning 15
The Solution What Tutors Gain. 01 Message for Maria: Please ask her to contact the programme officers Maria Real-time view of the class sitting John Tutors can see where students sit in the room. It eliminates the need to memorise names. Message for John: Do not allow in class; his status is frozen. Ask to contact the financial department Mohammad Additional information can be shared by the administration (eg. a personal note to the student, etc. ) . 02 Student details Tutors can have information about the overall student performance John 1. 2. 3. 4. 5. 6. Business Strategy (45%) Fundamentals in Accounting (63%) Business Law (Deferred) Markets and Marketing (This module) … … * Depends on accessibility permissions and integration with SIS 16
The Solution What Freelancers Gain. 01 Accurate logging of teaching sessions Freelancers have access to reports and can be used to support their invoices. No more disputes on teaching hours 17
The Solution What Students Gain. 01 Real-time view of attendance Students can check their attendance in real-time. Course Attendance Business Strategy Fundamentals 67% (2/3) 15% Status All good Risk to Financing Your attendance in Fundamentals in Accounting is very low. Please contact the student advisors You should be in the Business Strategy class NOW!!!! Business Strategy Attendance looks good!!! . 02 Notifications from administration . 03 Speaks students’ language Notifications about low attendance and relevant messages can be pushed directly to their phones Your attendance in Fundamentals in Accounting is very low. Please contact the student advisors Su asistencia a Fundamentos en Contabilidad es muy baja. Por favor contacte a los consejeros estudiantiles ﻳﺮﺟﻰ ﺍﻻﺗﺼﺎﻝ ﺑﻤﺴﺘﺸﺎﺭﻱ ﺍﻟﻄﻼﺏ. ﺣﻀﻮﺭﻙ ﻓﻲ ﺍﻷﺴﺎﺳﻴﺎﺕ ﻓﻲ ﺍﻟﻤﺤﺎﺳﺒﺔ ﻣﻨﺨﻔﺾ ﻟﻠﻐﺎﻳﺔ 18
The Solution What Institutions Gain. 01 . 04 Accurate attendance information Resource planning based on real data Reports with accurate attendance information Reports with real required capacity per classroom per module . 02 . 05 Real-time information available to the Registration Office Brand building via the mobile application The Registration Office can assess attendance information real-time Having their own branded mobile application, institutions can enhance their brand student loyalty . 03 . 06 Easy compliance with Tier-4 VISA Requirements Marketplace - Alternative revenue streams doyenist knows when your students attended their classes and doyenist creates a marketplace where students can receive can produce reports to help you comply with Tier-4 VISA discounts, offers, bonuses from retailers. Institutions can earn requirements commission on this 19
Architecture
Architecture High-level Architecture Network Alternative Implementations (inter/intra-net) Tutors Administrators Cloud-based servers offered and maintained by Doyenist Ltd Servers can be hosted by Students institutions (self-hosted servers) 21
Monetisation
Monetisation Revenue Streams. 01 . 02 Subscription Fees Support fees for Self-hosted Servers Subscription-based fees for cloud-based servers Institutions can host a doyenist server in their own systems. Support and update fees apply . 03 Commission from vouchers and discounts Doyenist Ltd can receive commission from sales generated on the mobile application. The revenue from this stream is shared with the institution 23
The Market
The Market Customer Profile The primary customers of doyenist are institutions in higher education Secondary customers can be any organisations that require attendance tracking (e. g. schools, conferences, etc. ) The application can, also, be used to track attendance in different settings (schools, conferences, etc. ) although this is not the primary target market 25
The Market Size UK Higher Education 165 State Educational Institutions £ 18. 87 Billion Revenue World-Wide Higher Education 2. 34 Million Students 217, 580 Academic Staff 26 * Higher Education Statistics Agency (HESA) – Accessed 16/05/2019
Competition • Free • Emphasis on polls, grades, slides • Web-based • Works more like a LMS (tests, • Emphasis on student grading • Basic UI questions, assignments) • The most comprehensive package for student attendance • Polished UI • Fair UI The above solutions (and a few other small hobby projects) require either manual registration of students or additional equipment (readers, etc. ) 27
The People
The People John Kouraklis Founder/CEO/ Lead Developer Anastasiya Trayanova Project Manager John Mantikas Marketing/Financial Advisor Ailson De Moraes Educational Advisor/ Educator/Investor John has been working as senior Anastasiya has delivered a number John is a business leader with As an educator, Associate lecturer in higher education in the UK. of digital projects and has a wealth extensive experience in Professor in Strategy and Before this, he has worked as software of knowledge in client and management in the banking International Business and developer and business development stakeholder management. sector and higher education International Speaker, Ailson has manager in software companies. She has extensive knowledge of institutions. inspired generations of students He is the author of two books in system integrations and system Previously, John worked in the and adults to change their lives and computer programming migration in corporate environment high profile banks and managed achieve their personal and operations in 25 countries business goals. He is the author of several books and Investor in start-ups
Student Attendance Tracking is just a feature • Our vision for doyenist goes beyond the tracking of student attendance • We see this as a feature that can open doors for doyenist to enter the world of education • doyenist can create a marketplace with discounts for students and commissions for Our Vision the institutions • doyenist can be an application for course directors, module leaders, tutors, markers, supervisors as it can offer assistance to course writing, module content management and management of teams with tutors
Valuation
Valuation This slide should be read in conjunction with the “Additional Information” document Experience has shown the difficulties £ 844, 369 $12 in evaluating start-up companies We have used the most acceptable methodologies and we took a pragmatic and conservative approach The current (pre-money) valuation of Doyenist Ltd is £ 844, 369 For detailed explanation, please refer to the “Additional Information” document 32
The Opportunity Review of Features Mobile Application Branded doyenist is installed in the mobile phones of the Customised theme to support the brand of the students institution No Additional Equipment Tutor, Student and Admin Tools No GPS coverage, no specialized equipment needed Separate application to assist tutors with the class management Device Neutral Global doyenist is friendly to i. OS, Android, Windows and Translatable into any language mac. OS 33
The Opportunity Pipeline Desktop/ Server Prototype Mobile App Client App Server App We are ready to launch this phase • Desktop Application for the back-end has been developed (Alpha) • Mobile Application • Complete Server Application • User Tests 34
The Opportunity Fund Raising We are seeking to raise 8 £ 144, 000 Use of proceeds: • Hire one more developer • Renewal of development licenses (the main cost for acquiring the licenses has already been covered by the founder) 92 • Operational costs (minimal as this stage does not require official offices) Development (%) Operational (%) 35
The Opportunity Timeline 36
The Opportunity Fundraising We are raising £ 144, 000 Get On Board Now! www. doyenist. co. uk Minimum Investment: as low as it suits you contact@doyenist. co. uk 37
join doyenist now Thank You! investors@doyenist. com
- Slides: 38