In an exclusive interaction with SupportBiz, Sinha shared an overview of this module and his approach to help in the holistic development of students.
Edited excerpts from the interview:
How did you come up with the idea of starting Gyan Lab? I have always believed that a child’s growth, holistic development is required. This not only includes academics, but also the personal growth of the child, with respect to day-to-day activities and real life. We developed a learning system by the name of Gyan Lab to enable holistic development of students, which uses a mix of the creativity and capability of children.
How does Gyan Labs work?
We train students through hands-on activities based on STEM (science, technology, engineering and mathematics), providing them invaluable learning experiences which would be useful to them throughout life. Our curriculum is designed in a way that produces great results in a student’s real life. For example, apart from academic subjects like mathematics and science, we also focus on grooming the student in the best ways to handle money.
What are the unique features of this curriculum? What is its main target segment?
Students between the age group of 7 to 14 are our main target segment.
Our programs are developed based on proper research, and are delivered through trained faculty members. Our main objective is to develop interest among children to explore and experience the joy of learning and implementing the same in their lives. Our faculty connects with the students on an everyday basis in this regard. Our curriculum is aligned with global standards, and we have effective benchmarking for the courses. We are committed to giving our students the best of intellectual, behavioural and empathy-based training material, which will help them in growing to the next level.
What is your revenue model ?
We charge a nominal amount of fees from students. The annual fee is just Rs. 500 per student.
How has your entrepreneurial journey been so far?
We started our initiative in June 2011, and 2011-12 was our first academic year. We have enrolled 100 students for a pilot test, which was very successful for us as well as for the students and schools. We are now working with five schools in Karnataka, and have enrolled about 500 students.
What are your plans for further expansion?
This year, we will be expanding significantly. We will be entering three different states - Gujarat, Maharashtra and Rajasthan. As of now, we have a small team of faculty members, but within the next three months, we will be adding 30 new teachers.
What are your targets in terms of enrolment of new students and revenue for the next year?
By the end of the next academic year, we plan to be working with 5,000 students and 30 schools across the country. We expect to have a turnover of approximately Rs. 7 crore.