What is the best way to get an investor to buy into an idea of investing in education in West Africa?
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I have got this idea that will help the education system in Africa as a whole but can't find an investor for it. Any help?
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Answer:
You don't need a Investor. You need a Mentor cum Investor. Checkout this organization started by Bunker Roy in Rajasthan, India named as Barefoot college (http://www.barefootcollege.org/). They already did some great work of developing an education system in Africa without any language compatibilities and made Grainies the Solar power Engineers without any prior education. They would not only help you, but they would make you a person who can create Big Industry in Africa one day that also independently. Do let me know your feedback after watching the videos given on their site. Would be glad to hear your opinion.
Demla Pawan at Quora Visit the source
Other answers
I see a bit of a problem with the premise that there is an eduction system in Africa. There are education systemS, as many as there are countries (at least, some may have regional organizations, and especially in rentier states there often is a huge gap between the national, official system, which will primarily be in place wherever the government and maybe the natural resources are, but very little in rural areas) So it may be that your market isn't all that well-defined and that puts investors off. It can also be a (perceived or real) lack of knowledge of the ground (if the first sentence of your pitch makes an investor think you don't know what you're talking about, it's hard to come back from there) Second thing is that investors usually don't invest in pure ideas. On this, just like a tech start-up, you'll need a proof of concept, a Minimally Viable Product already deployed on the ground. That means you should at least have found some partners, have some clients (or people with an engagement letter saying "that, I want and would be ready to pay for"), and a team people can get behind. Finally, because that's an obvious big question in something like Education which is not easy to monetize on large scale in poor areas, you need to have a very solid business model. I'd like to hear more about your idea though, pm me and maybe I can actually help!
David Riefenstahl
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