There is a very famous saying when it comes to investing – Risk & Rewards are two sides of the same coin and just like every person has some personal & unique traits, investing is also personal as it depends on investor’s age, his assets & liabilities, dependencies, etc. Many investors take a very ‘conservative approach’ to investing as they perfectly fine getting steady returns on their investments as these investments are less-impacted by market volatility e.g. Fixed Deposits, Post office schemes, etc. The other category of investors take a slightly ‘aggressive approach’ since they are well-informed about the local & global investment scenarios & possess a more ‘long-term vision’ when it comes to executing their investments.
Mutual Fund is one such investment vehicle which has been gaining popularity amongst investors as it is less risky than investing directly in stocks, with returns that can be significantly higher when compared to traditional investments. The #MutualFundsSahiHain campaign initiated by SEBI & AMFI has driven interest from many investors who are willing to invest in Mutual Funds for ‘long-term wealth creation’. There are different types of Mutual Funds – Fixed income funds, Growth Funds, Money market funds, Equity Funds, Growth Funds, etc. and each of them has varied investment strategies and cater to a varied set of investors. Growth Funds are called as ‘Blue-Chip Mutual Funds’ and today we have a close look at the same.
What are BlueChip Mutual Funds
Unlike other categories of Mutual Funds where funds might be invested in small-cap or mid-cap companies, in BlueChip Mutual Funds the investment is done in select large-cap companies that have established business models and a proven financial track record. Some of the BlueChip companies are Tata Motors, Reliance, Infosys, ICICI Bank etc.
Portfolio of large-cap/BlueChip stocks comprise of large-cap companies from diversified sectors and are selected by experienced fund managers. Even in adverse market scenarios, BlueChip stocks are capable of generating profits for its investors since they have been in business for a long time. ICICI Prudential BlueChip Fund [earlier called as ICICI Prudential Focused BlueChip Equity Fund] is one such fund that has an AAUM [Average Assets Under Management] of Rs 17,496 Crores [as on 30th June 2018]. It is an open-ended equity scheme that predominantly invests in large-cap stocks. Below is the performance of the fund since last one year, an indicator that it is able to manage steady performance even in turbulent times.
Though different funds follow different guidelines, there are some BlueChip Mutual Funds that also invest in mid-cap companies. From an investor’s perspective, BlueChip funds are more suited for investors who have a moderately high-risk appetite and are in the market for long-term wealth creation e.g. retirement planning, higher education for children, etc.
By investing in the scheme, investors get an opportunity to get some of the best minds in the country [who are running these BlueChip companies] to create wealth for them. For example, ICICI Prudential BlueChip Fund follows a ‘Buy and Hold’ approach and takes exposure in high conviction stocks with an aim to generate alpha. The scheme follows a benchmark-hugging approach where the portfolio is diversified and the investment is made across different sectors. The fund aims to Make big companies work for you so that you can create wealth in that process!
Though Bluechip stocks have high price/share, they are normally considered a safe investment option as they remain largely unaffected by an economic downturn and are less volatile. Even in today’s times when the entire market is on a downturn, BlueChip stocks are still consistent in performance. This makes BlueChip funds a worthy investment for wealth-creation.
BlueChip Mutual Funds – Worth the hype?
So far we have discussed BlueChip Mutual Funds, but you might ponder whether it is the right fund to have in your investment portfolio? Let’s have a look at ‘Why’ in BlueChip Mutual Funds.
Risk Diversification
Any investor would want his portfolio to be more diversified so that his investments are not affected by the impact on ‘one particular sector’. BlueChip Mutual Funds are the ideal way to diversify your portfolio and also mitigate risk.
Dividend
You would follow any BlueChip stock e.g. ICICI, Reliance, Infosys, etc. very closely when they have their Annual General Meeting’ as most of the companies also declare dividend at that time which is passed on to their retail investors. As BlueChip Mutual Funds invest in such large-cap companies with a proven track record, they also reap good returns. Hence, Dividend becomes an additional income-source/bonus when it comes to these funds. Below is the snapshot on how ICICI BlueChip Mutual Fund generated dividends for its investors. As seen from the snapshot, in order to diversify risks & generate good returns, it has invested funds in companies catering to Technology [IT], Energy, Telecom, Housing, etc. [Source]
Steady Returns
As BlueChip companies have a strong & experienced management team, they are able to show consistent performance thereby showing increased investor confidence. Hence, investors in BlueChip Mutual funds can expect consistent returns from their investments as BlueChip companies have a significantly low debt-to-equity ratio.
These factors summarize why BlueChip Mutual Funds are here to stay and a very good investment option for retail investors. ICICI Bluechip Mutual Fund is one such investment option that has been ranked number 2 in Large Cap fund category by CRISIL [quarter ending June 2018)] and investment gurus are recommending to stay invested in the scheme due to its consistent performance [Source]. Below are some of the features of the ICICI Bluechip Mutual Fund.
Conclusion
If you are an investor looking at long-term wealth creation and do not want to invest directly in stocks, BlueChip Mutual fund is an excellent investment vehicle to diversify your portfolio to generate good returns.
Note – Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. The author has come up with the article based on his knowledge and investments made in mutual funds.
Machine Learning [ML], Artificial Learning [AL], Cognitive Computing, Deep Learning, Data Analytics, and other emerging technologies are revolutionizing the way businesses operate. These technologies are being used by organizations, across the world not only to solve business-critical problems but to make intelligent & informed decisions. It is ‘sector-agnostic’ and can be applied to any kind of data [structured or unstructured] to arrive at the results. ML and Big Data are being used in manufacturing, e-commerce, banking, traditional retail, etc., but ‘Healthcare’ is one sector where it is being used extensively for not only improving the organization’s products & services but also to improve the quality of diagnosis, predict future events in the patients, etc.
Machine Learning, Artificial Intelligence in HealthCare
As per a report by ‘Frost and Sullivan’, as far as the healthcare industry is concerned, a huge market expansion is expected in the next couple of years since it has the potential to reduce the costs by half and technologies and platform solutions that promote innovation around care quality, outcomes, and chronic disease management will continue to rise [Source]. Healthcare, as well as traditional pharmaceutical companies, are now able to leverage the power of ‘Patient Data’ to achieve better, as well as quicker outcomes across different levels of the healthcare value chain.
Technology major Microsoft partnered with Apollo Hospitals introduced AI-powered Cardiovascular Disease risk score to predict the risk of Cardiovascular Disease in the Indian Population and many new-age startups are also trying to solve many lingering problems related to healthcare. In a nutshell, ‘healthcare’ is apt for application of ML, Deep Learning, etc. since, these algorithms can be used in understanding & recognizing patterns, which is the most critical factors as far as ‘Patient Diagnosis’ is concerned.
Mylan Hackathon – Opportunity to Collaborate, Innovate and Create
For global pharmaceutical companies, embracing these technologies requires technical, as well as cultural mind shift. ‘Hackathon’ is one mechanism which can be used in order to engage people that are passionate to collaborate, innovate, and co-create in order to provide answers for next-generation healthcare. Mylan, a global pharmaceutical company has an ambitious mission – To provide the world’s 7 billion people access to high-quality medicine and set new standards in healthcare and uses a platform like ‘Hackathon’ to come up innovative solutions. It is one of the few pharmaceutical companies to host Hackathons. For a company like Mylan, Hackathons are more about collaborating with the innovative & creative people [students, professionals, etc.] in order to arrive at solutions that are core to what Mylan does in the future.
Mylan Hackathon is an ideal platform for students, as well as professionals to connect & collaborate with people at Mylan to come up with innovative solutions that address real-world challenges. With events like Hackathons, Mylan wants to come up with new generations of solutions using ML, AI, etc. that are capable of delivering ‘Better Health for a Better World‘. The Hackathon is scheduled on 13th & 14th October in their Bengaluru office.
Mylan Hackathon – Challenges/Tracks for participants
Interested participants have to come up with solutions using can help Mylan unlock these challenges and #hackforacause
Simplify Adverse Event reporting for a patient.
Speed up preliminary diagnosis & early cancer detection.
Leverage technology to capture patient treatment outcomes.
Ensure adherence of treatment by a Tuberculosis [TB] patient.
Track Antiretrovirals [ARV] product until it reaches the consumer.
Interested participants can register online here; the last date for registrations is 7th October, 2018. Creation is always about Teams and the case is no different for Mylan Hackathon. Mylan recommends that you at least have 4 people in the team so that you have the necessary ‘diversification’ in terms of skills and competency. Below are the important deadlines to remember
Register for a challenge [registration open till 1900hrs [07:00 PM IST] 7th October, 2018].
Design and build [during the event] the project.
Document and present a 5-min lightning talk [on the final day of the Hackathon].
Yes, you read it right :). Once your hack is ready, you need to pitch the core USP of the idea to the panel who would be judging the Hackathon. If you are a coder with no customer facing experience, this is your chance to gain that skill by demoing your product using an ‘Elevator Pitch’! The detailed agenda is below
So, apart from hacking for 2 days, networking with other people; you also stand a chance to win prizes. The Winning team would win Rs. 1 Lakh and the Runner’s up team would win Rs. 50,000. There are some interesting giveaways and spot quizzes to keep the participants during the coding sessions. However, it is not always about the prizes; if your hack has path-breaking potential, there is a possibility that it would make way into one of Mylan’s products 🙂
You can find more details about the tools requirements, tips, etc. here. You can also follow social media updates of Mylan Hackathon 2018 here & here. So, what are you waiting for? Mylan Hackathon is an ideal platform where you can showcase your technical and business skills to #hackforacause
As and when your business requirements change, you might feel the need to switch to a business current account which offers better services. Furthermore, these days, flexible RBI policies and online banking have made the whole process of switching current accounts only a matter of 7 days! However, this does not mean that switching to a current account is your only best option. Keep the below facts in mind before deciding to switch your current account.
Image Source – ZeeNews India
Which type of account will be perfect?
Before switching your account you must jot down the points based on which the choice has to be made. For example, do you often use the overdraft facility or are you in need of free home services [like picking up cheques or providing cheque books at home or office.] General current accounts are best for businesses that are looking to curb their overspending and manage their finances directly, while international current accounts are ideal for entrepreneurs who spend more time in foreign countries.
Evaluate the pros and cons
If you are selecting a new bank to switch the business current account, a comparison is must. The new account should match your financial needs and lifestyle; so before you shop, compare. Some checkpoints which will help you conduct a thorough comparison are:
Interest rate
Overdraft rates
Standing charges
Account features
Terms & conditions
Introductory offers
Facility of online or mobile banking.
Image Source – Business Standard
Why is the change needed?
Sometimes an instance of misunderstanding or error from the bank’s end makes us frustrated followed by which we want an immediate shift. However, this should not be the right approach in switching accounts. The changed account may not be better than what you are getting at present.
So it is best to take sometime, cool down and then take the decision. Or are you thinking to change the credit union because you are moving from one country to another. Then the good news is you need not change at all! There are several credit unions that have their branches all around the world, helping you get the best benefits sticking to the same current account you have for years now. Moreover, there is a facility of online current account these days, due to which there is very less, need to switch.
Have you gathered enough data?
Now, finally when you decide to switch the current account be sure to have all the data of the existing account with you. This is because when the change is made the complete old data might not be available. Besides the transaction history the data you must take a print before dissolving the existing current account are
Official documents which might help you get loans in future.
Prints or snapshots of important cheques.
History of e port transactions for at least the present financial year.
Are you leaving behind confidential data?
Changing business current account is not a minor task. You might be leaving behind customers’ data; the account might be linked with the primary bank account or the payroll of your organization. Also, as a loyal customer you might get several additional benefits and reward points which will not be available soon in the new account.
So think before you switch! Banking is now at fingertips but a constructive thinking process is must before you switch your business current account.
Truecaller announced the launch of its Instant Messaging [IM] platform ‘Truecaller Chat‘. With the aim to make communication safer and to prevent fake news from circulating, the IM platform will allow users to report links, ensuring that fake news is not circulated unchecked by users.
With social media’s rapid adoption across the country, fake news in India has been on the rise. Truecaller has helped erode spam calls faced by users through Caller ID and also strengthened SMS inboxes by filtering unwanted messages. As a step to curb the spread of erroneous information, Truecaller, with the help from its community, has launched this service as a shield against viral messages sent on its instant messaging platform.
Users will be able to mark website links as spam if they suspect it to have incorrect information, which will then help chatters make a more informed decision about what information is false. With time, Truecaller also plans to apply machine learning and use the aggregated spam reports to predict any upcoming viral trends.
Additionally, ‘Truecaller Chat’ is bundled with interesting features such as, auto-switch between SMS and Chat, which will help users keep conversations in one place. Other features include full media support and more, that will provide its users a polished and enjoyable experience.
Commenting on the launch, Rishit Jhunjhunwala, VP Product at Truecaller, said
As a one-stop communication platform, our IM service will help our users connect and also collaborate to combat the issue of spam. We’re confident that this foundation stone will help build a strong spam-free community.
India has been facing a major law and order problems caused by fake stories especially when they have led to mob lynching and mass hysteria. The Honorable Supreme Court has strongly expressed its stance and has directed social media platforms to take appropriate measures to suppress fake news. By providing a messaging service with capabilities to tackle fake links, Truecaller is taking a big step towards curbing the problems caused by spam and false information going viral.
Elbrit Life Sciences has announced that it is expanding its footprint in the domestic pharmaceutical industry. The fast growing domestic pharmaceutical company is presently in advanced talks with its parent investment firm Capital Investments and a Qatar based investment firm to raise 3 million USD. This major investment is aimed at expanding the company’s domestic footprint in branded formulation business. Elbrit Life Sciences started its operations in 2014 and has since witnessed an impressive growth rate of more than 100% per annum.
The official spokesperson of Elbrit Life Sciences, while talking about the expansion plans said
We are planning to use the additional funds to expand geographical footprint and to focus on nephrology, urology, gynecology and oncology therapy segments. The company majorly operates in South India and has sales force strength of 200 front line sales representatives. It has 45 brands and 150 SKUs. The company is currently not looking at any acquisitions and instead prefers to take the organic route to fuel further growth
In addition, Elbrit Life Sciences is aggressively focusing on cardio-vascular, diabetes, neurology and nutraceuticals market in the country. Operating in a country with a population exceeding 1.3 billion, Elbrit Life Sciences has a dedicated WHO-GMP manufacturing facility. Moreover, the pharma company is in the process of upgrading its facilities to foray into export markets.
The company is expecting that this deal may close before the second week of October and once the deal is closed, the company expects to pursue growth opportunities. Furthermore, Elbrit Life Sciences also aims to be amongst the Top 150 pharmaceutical companies by the year 2020. According to the company spokesperson, Elbrit Life Sciences plans to go for an IPO somewhere around the year 2022.
About Elbrit Life Sciences
Elbrit Life Sciences is a pharmaceutical company established with a vision of ‘Making Lives Better’ by providing quality healthcare to patients. Established in 2014, with headquarters in Mumbai, the company aspires to be one of the leading pharmaceutical companies in the country and across the globe.
Liferay Inc., which makes software that helps companies create digital experiences on web, mobile and connected devices, has acquired controlling interest in Triblio and committed to an ongoing strategic investment in growing Triblio’s Account-Based Marketing [ABM] business. The investment allows Liferay to explore opportunities for the DXP audience to further enhance and personalize the customer journey with account-specific content and messaging. In turn, Triblio will continue to focus on delivering long-term customer value and product innovation.
Triblio represents the next generation of B2B marketing cloud and we are fully committed to investing in the platform and growing Triblio’s ABM business. Existing Liferay DXP customers will reap the benefits of this investment over time as we continue to help organizations build long-term relationships and deliver value to customers across their life-cycle.
Triblio will continue to operate as an independent entity led by CEO Andre Yee. Andre co-founded Triblio after serving as Senior Vice President of Product Development at marketing automation software provider Eloqua. Triblio is a leading ABM cloud provider with over 100 customers and triple digit annual year over year growth. The platform offers account-based advertising, web personalization, sales orchestration, account scoring and analytics, all powered by its unique AI-based purchase intent engine.
We are excited to receive Liferay’s investment. With their strategic commitment, we intend to extend our market reach and invest significantly in our customer success and product development teams.
Together, Liferay and Triblio are dedicated to bringing improved customer engagement and content targeting capabilities to enterprises. In addition, the two companies share a deep commitment to customer success and in giving back to the wider community.
About Liferay
Liferay makes software that helps companies create digital experiences on web, mobile and connected devices. Our platform is open source, which makes it more reliable, innovative and secure. Hundreds of organizations in financial services, healthcare, government, insurance, retail, manufacturing and multiple other industries use Liferay.
Technology is playing a major role in today’s times and it has touched every aspect of our lives. Areas or domains that were once untouched can now be explored with the power of technology. It has enhanced the overall experience of banking, communicating, shopping, learning, etc. and one sector that is currently witnessing the change is Education. E-learning or Ed-Tech have been the pioneers of change in the field of education. Long before ‘technology’ and ‘internet’ became mainstream, the only way to learn & gain knowledge was by learning from tutors, schools, and coaching institutes. But now, you can learn any skill or language from the internet and that too at your own convenience.
The online Education market In India is expected to touch $1.96 billion by 2021 and witness a 8x growth in the next 5 years according to a recent report by Google, KPMG. The reason for demand of online education has been the growth in Internet penetration and easy accessibility to affordable and quality education online. Though there are many ‘Educational Apps’ that are focussed towards the early-learning, handful of them only focus on improving your kid’s control over the English language. This is the problem that serial-entrepreneur Mr. Cristóbal Viedma wanted to solve after difficulties he faced while finding a good English teacher for his sister Marieta’s 2-year old daughter and thus Lingokids was born!
Lingokids is the best way to teach kids languages in a fun and natural way. It offers an adaptive language learning platform to teach English to children from 2 ~ 8 years of age, designed with Oxford University Press content. Lingokids is a complete language learning course, with activities that adapt to the child’s learning style. The curriculum includes exciting educational games and a recommended playlist of activities based on the child’s level in a 100% ad-free and safe environment. Today we have a chat with Mr. Cristóbal Viedma, a serial entrepreneur with a background in Computer Science. He is passionate about technology, education, & intercultural communication. Prior to launching Lingokids, Viedma worked as Head of Language-learning Platform at Viki, acquired by Rakuten in 2013 for $200M. He discussion revolves around Lingokids, plans for the Indian market, competition, etc. So, let’s get started with the Q&A…
[Note – ‘I’ in the Q&A refers to Mr. Cristóbal Viedma]
Can you walk us through the team behind Lingokids and how did your team come up with the idea ?
As a Spanish engineer and entrepreneur, I have been able to witness first hand the benefits of knowing English fluently, both in my personal & professional life. This is why there was no hesitation when my sister Marieta asked for my help to teach English to her 2-year old daughter. As an expert in early child development, Marieta understood the importance of acquiring language skills in the early stages of life to order to master it in the future.
However, after doing some research, the programs we found online were either unaffordable, not fully safe, or simply inadequate for early learners. There was clearly a void in offering quality early childhood language education and my vision was that through technology we could offer a simple and attractive solution.
We moved to San Francisco and launched Monkimun Inc. with funding from early-stage venture 500 Startups and began experimenting with educational games released as individual apps only to realize that the best solution would be an all-encompassing platform that would group various games, songs and stories into one comprehensive English learning course targeted at early childhood learners. We returned to Spain to build our team and launched Lingokids in early 2016. Now we are already over 6 million registered families worldwide, and there is still a lot of ground to cover. We’re excited.
There are many reports that mention about kids [especially in the age group of 2~5] having issues with concentration, etc. when exposed to tablets/phones, how did your team convince the core USP of the app to the initial set of customers ?
This is completely understandable. We know there is a world outside screens and it’s important that parents set limits so that children are not exceeding the maximum screen time recommended for their age. Yet, if we assume that these limits are respected it then brings us to a more important question – Are we paying close enough attention to what contents these children are being exposed to? Our proposition is – Instead of using your child’s screen time on pure entertainment, why not combine that entertainment into something that has educational value? Embracing ICT affords infinite possibilities for the development of new teaching methods, which allow for engagement, interaction, and recreation in the learning process.
Starting from the age of 2, well-designed and age appropriate programs with educational goals can provide added value as a route for early language and literacy. With Lingokids we provide a platform that combines interactivity and gamification into a structured learning process allowing us to improve both motivation and engagement for the task at hand.
With technology learning outcomes are enhanced. That is, technology can help children acquire more information and at a faster rate. In a series of studies, we found that children who used Lingokids learned double the amount of vocabulary compared to those who used traditional methods. With technology, we can actually free up time for families to be more physically active or for other activities that do not require screens.
Since Lingokids is available for customers/parents across different countries, how do you make the experience tailor-made for different audience [especially for different countries] ?
Our customers are in over 180 countries so for now, our priority is to building a universal platform that can have both educational and entertainment value to families everywhere. We make some minor tweaks here and there to tailor to cultural differences where it can be sensitive, but we try to keep our content uniform across all markets. We are aware that this could change in the future and as we look to deepen our presence in specific markets the need to localize will increase.
Can you name some of the potential competitors of Lingokids and some of the core USP’s of Lingokids as compared to its closest competitors ?
ABCMouse and Yogome are among the most popular early childhood learning apps, although they tend encompass a broader spectrum of subjects and are probably not what you would go for if you want your child to learn English. Duolingo, Babbel, and Busuu, and other language learning apps could also be seen as competition since they are specialized in language learning but with a focus on adults. Video streaming platforms such as YouTube Kids and Netflix Kids which also use up children’s screen times are seen as substitutes, however, their main focus is on entertainment and less interactive learning formats.
Lingokids is the only major player that specializes in English language learning and early childhood audiences which make us the best at what we do. Our customers really appreciate the quality and educational value of our contents which are designed by experts in early language acquisition. There are five distinguishing factors which work together to make our offer unbeatable
Self-directed activities – The learner is in control.
Adaptive technology – Contents and difficulty adjust to learning speed.
Parental involvement – designed to help parents be a part of the child’s learning process.
Structured – The activities are organized and shown in a specific order to allow for the most effective learning experience.
The Lingokids’ research-based program is repeatedly enhanced based on ongoing research.
What is the business model of Lingokids and you touch upon some of the plans for the app [in case if there is no flat pricing model] ?
Lingokids is subscription-based. We offer 2 plans – The Basic version, free of charge, with access to up to 3 learning activities per day and the Unlimited plan that includes access to all educational contents, offline usage, multiple profiles and additional learning materials for under 500 rupees per month.
Can you please comment on the association with Oxford University Press and the future plans of Oxford University Press with Lingokids [something further beyond Lingokids app] ?
We have two parts to our collaboration with Oxford University Press [OUP]. Firstly, OUP bundles access to Lingokids with its “Jump In!” and “Mouse and Me!” English course books for per-schoolers. We worked together to create a special selection of content within Lingokids that supports the needs of learners using these courses.
Secondly, we feature OUP digital content in the Lingokids app. We have a great relationship and are currently exploring different ways we could deepen our collaboration.
Apart from English, Lingokids is available for which all languages and how do you ensure that the content quality is very good for other languages [something on the lines of association with a notable brand like Oxford Press] ?
We have chosen to focus solely on teaching English language for now. English is the most widely spoken language in the world with figures estimating that by 2020 there will be over 500 million children aged under 7 learning the language. In addition, English proficiency is correlated with higher income, higher quality of life, greater ease of doing business, and more innovation.
We assure the quality of our contents thanks to a very dedicated and specialized in-house content team. In addition, our curriculum and methodology is guided by a world class Education Board made up of experts in literacy and ESL instruction, vocabulary development, educational technology and child psychology.
While using mobile/tablet, attention span is pretty less, what are some of the methodologies used by the Lingokids team to ensure that there is stickiness in the app, it’s content [for the parent as well as its students] ?
With Lingokids children are immersed in a virtual world with recurring characters and story-lines developed by experts in early childhood education and entertainment. Our experts make sure our contents are fun, challenging and engaging to learners and some of the ways they do this is through guided learning elements [i.e. introduction and recap videos with real native teachers that guide students from one lesson to the next], interactive formats, and by making sure the parent is involved through constant communication of the child’s progress [such as ‘number of words learned’, ‘activities completed’, etc].
Please comment on the overall EdTech Market for language learning [for pre-school students], especially in emerging economies like India, etc. ?
The EdTech market is thriving globally and according to a recent report by Google and KPMG, the online education industry in India is poised to grow 8x to a $1.96 billion industry by 2021.
With ~1bn kids worldwide in our target age groups, 9 out of 10 children suffering from language barriers globally and a ripening ELL market in the US where 25% of K12 will be ELL by 2025 with a strong concentration in the pre-k age group, there is a huge opportunity ahead of us to help democratize access to quality learning solutions. We estimate our total serviceable market to be $5.5bn with ~10% expected growth rates over next 5 years.
Do you have any plans of venturing into India [thru’ India specific languages like Hindi, Telugu, etc.], since the next level of disruption w.r.t content is happening with non-English speaking audience [and tier-2, tier-3 cities] ?
We are definitely planning on localizing our app to more languages than we have now. We currently support the app in 15 languages and for India specifically, next steps would be to add Hindi and eventually add Marathi and Telugu.
We are excited by the growth we’ve seen in families that are using Lingokids in the market which increased over 400% from 2016 to 2017. However, we are seeing similar growth figures in over 10 different markets.
Cristobal Viedma – Founder & CEO – Lingokids
Can you please talk about the Educator’s Program and the feedback that your team received from them that helped in shaping up the product ?
We launched our educators program just a few months ago. The idea stems from the fact that there is a need for quality resources for teaching English to young learners. On one side, teachers can use all our materials at no cost and through that we increase awareness of our product, but most importantly learn from their feedback which we find extremely valuable. We speak to educators every week to understand how our materials can be used on a day-to-day basis in classrooms.
A piece of feedback we received a lot at first was the need to make the product more compatible with smart/electronic boards, something we were very quick to solve and will be implementing in the next few weeks.
We also consider educators to be influential brand champions. One example of this is a teacher in Mexico who dedicated en entire classroom to learning with Lingokids.
Please share some metrics on how Lingokids has helped kids in improving their vocabulary, concentration levels, etc.
The key factor in the quick acquisition of vocabulary in children is fun. Videos and interactive games, in addition to being a means of entertaining learning, greatly increase attention span, providing motivation and effectiveness in learning vocabulary through participation and interaction with the word.
We also run AB tests and focus groups regularly which allows us to test our new contents and quickly figure out what work better.
Is there any plan to cater to the ‘Special education market’ since there is shortage of apps as well as teachers in that category ?
The app tends to be well-suited for children with special needs. We have received tons of feedback from parents with children with autism, attention deficit and other learning disabilities who have found immense value in Lingokids some even commenting on improved social skills and improved ability in keeping up with their classmates.
The well-researched content, interactive nature of the app, and the adaptive technology that allows the child to learn at his or her own pace along with parental control makes it’s a very effective learning tool for any child.
Lingokids Team
Please comment on the India market/South Asia market and which are some of the cities/towns who have adopted Lingokids for learning ?
For us, the regions with the most opportunity are Latin America and South Asia, mainly emerging economies where the need for an economic solution to early English language learning is most valued. Within Asia; India, Philippines, China, Thailand and Malaysia are our focus. In India itself, we are serving over 400,000 families, with over 40% of them to be within Maharashtra, Delhi and Karnataka regions. Both Mumbai and Delhi are strong local markets for us.
We’re excited for what the future holds both for us and for families in India who are benefiting or could benefit from a service like Lingokids. In the mid-term we will begin looking at plans to deepen our activities within this very attractive market.
How has been the feedback about the app from the parents who have been associated with the platform for a long time ?
This is probably the driving force of our motivation here at Lingokids. Parents notice the progress of their child’s English and say things like “Now Bobby will have a better chance at life.” Sometimes we are talking about families who live in remote areas of the world with zero access to English academies and native teachers, other times we are talking about families who aren’t able to afford the $100 a month to sign their kids up to an academy or private classes.
Other times it is parents worried about the fact that their child cannot keep up with the rest of the kids in class and that Lingokids, through it’s adaptive methodology, has allowed them to improve and be at the level [sometimes it’s the opposite where kids are too advanced and Lingokids allows them to improve further]. Sometimes it is just feedback on how parents surprised in seeing how their kids enjoy themselves while learning.
On the other hand, we also take constructive criticism very seriously and are always ready to make changes and improvements to the product based on any comprehensive and substantial feedback from our customers.
Please share some metrics on how Lingokids has helped kids in improving their vocabulary, concentration levels, etc. ?
We measure effectiveness of our digital contents on all levels and we’re consistently AB testing different content types and formats to allow for further engagement and improved learning outcomes. We look at average session time, frequency of usage. Although the web is full of content that only focuses on entertainment, it is also true that there is pedagogical material for children to acquire all kinds of knowledge while playing. In addition to providing a fun learning, they are ideal to consult at any time and from anywhere via mobile.
Being a the global platform for learning English at an early age, Lingokids, shows that children retain twice as much vocabulary with the use of these applications as against the most common learning methods. The key factor in the quick acquisition of vocabulary in children is fun, since preschoolers do not have the impression or the burden of studying or receiving more material. Videos and interactive games, in addition to being a means of entertaining learning, greatly increase children’s attention span, providing motivation and effectiveness in learning vocabulary through participation and interaction with the word.
Can you please comment on some of the core features of the app & future expansion plans for Lingokids ?
We already are the world’s #1 digital solution for parents when it comes to early childhood English-language learning with over 6 million families around the world already trusting in Lingokids. Our focus over the short term is to continue building the home learning experience with more learning formats, more interactivity and more support to promote parent involvement.
Lingokids seeks to become the most trusted, effective and affordable home learning platform and is democratizing access to quality early childhood learning. The Lingokids platform would essentially help to bridge classroom learning and home learning with customized teacher playlists advanced reporting and parent-teacher communications. In terms of content creators, we aim at providing them with tools to upload and manage their videos, songs and games using our SDK which would be used by parents and teachers for their child’s learning.
[LingoKids for Android can be downloaded fromhere, LingoKids for iOS can be downloaded fromhere].
We thank Mr. Cristóbal Viedma for sharing his insights with our readers. If you have any questions for him about Lingokids, how it can help your child, EdTech in general, etc.; please email them here or share them via a comment to this article.
Interdisciplinary learning engages students and helps them to develop knowledge, problem-solving skills, critical thinking, and a passion for learning, suggests Pearson MyPedia study. With an aim to examine the success of intended learner outcomes, the study highlights that learners have shown an annual gain up to 8% in their scores on tests measuring target skills.
During the study, 2000 stakeholders including academic leaders, teachers, and parents highlighted that lack of minimal teaching and pedagogy skills among teachers is one of the key attributing factors to low learning level. To provide learners an engaging and enriched learning experience, Pearson India offers MyPedia that integrates all learning and teaching tools in a well-designed scientific manner to transform education delivery and enhance the way of ‘How Children Learn‘.
MyPedia, the only fully integrated learning programme is convenient, easy to use and delivers intended outcomes including improvement in learner’s engagement. The study indicates that the three key factors influencing the adoption of MyPedia include academic delivery support, assessment services, and professional development. 91% of the principals and teachers found MyPedia convenient and easy to use in classrooms. Interestingly, 91% of the principals and teachers strongly agree that MyPedia helps learners in interdisciplinary learning across different subjects. Additionally, 92% of principals and teachers believe that MyPedia promotes higher order thinking among students.
Ujjwal Singh, Vice President, Product & Innovation, Emerging Markets, Pearson Education, Pearson India said
We are committed to helping learners make measurable progress in their lives through learning and with MyPedia, we aim to improve the way teachers teach and students learn. We understand that different learners learn at a different pace, style, and time. MyPedia leverages digital transformation and uses curricular approach by giving ownership of learning to digitally empowered 21st century learners through a variety of applications.
The specially crafted set of course books of MyPedia use an interdisciplinary learning approach and a robust pedagogy designed to provide a holistic learning experience to a learner and support learning even beyond the four walls of a classroom.
To make measurable progress in the thinking skills of learners by improving access to quality learning resources, MyPedia along with the regular textbooks offers multimedia objects for the teacher lesson plan. It uses a suite of assessments and the science of measurement to gauge gains in target academic skills. Based on the 5i model learning model, MyPedia enables teachers teach better through scientifically designed interactive teaching plans to develop higher order thinking skills among learners.