Showing posts with label IT environment. smart grid. Show all posts
Showing posts with label IT environment. smart grid. Show all posts

Tuesday, August 4, 2020

Ed-Tech StartUp TagHive Collaborates with Government of Madhya Pradesh to Make their Schools Smart Across 52 Districts

Schools Smart 

* TagHive’s flagship product – Class Saathi to onboard 2080 schools across 52 districts in MP
* This decision has been made after successful pilot tests of Class Saathi in 2 districts, which was launched on Children’s day, 14th November, 2019
* Looking at associating with a CSR partner to expedite the deployment 

Samsung Ventures backed ed-tech start-up TagHive Inc., today announced that it has received a letter of confirmation from the Government of Madhya Pradesh to deploy ‘Class Saathi’ to a network of 2080 schools in the state. Class Saathi is an AI powered app by TagHive which, along with its clicker, is an affordable classroom solution that engages every student even in remote schools that have no infrastructure such as Internet, computers and electricity. Class Saathi also provides an app for parents and an app for administrators to monitor progress and take appropriate action. TagHive recently closed its Pre-Series A Funding round by Mr. Joon Hyon from South Korea, currently valuing the start-up at USD 10 million.

The Education Minister of Madhya Pradesh, Shri. Prabhuram Chaudhary, along with the Principal Secretary of Madhya Pradesh, Mrs. Rashmi Arun Shami and thier delegation had personally visited South Korea last year. The objective was to benchmark best practices in Korean schools. And, they witnessed successful implementation TagHive’s clicker solution across schools of South Korea. The visit convinced the team of Indian delegates to kick-start Class Saathi’s pilot on 14th November, 2019 (Children’s Day).

Speaking about this collaboration, Mr. Pankaj Agarwal, Founder & CEO of TagHive said, “TagHive entered the Indian market in 2019 and has been looking to strengthen and rapidly grow the presence of ‘Class Saathi’ – world’s first patent pending clicker solution to work on a mobile phone app. We did a successful pilot with government schools in 2 districts of Madhya Pradesh last year. Over 4,800 questions were solved by students during the pilot test. The government officials could see the learning outcomes of the students in real time and take corrective action almost immediately. With this collaboration, Class Saathi would be deployed in over 2000 schools catering to over 100,000 students and 4000 teachers. Class Saathi as a solution is ideal for government schools because it is low-cost and does not need schools to have any additional infrastructure, besides the teacher’s smartphone.”

Mr. Lokesh Kumar Jatav, Commissioner of School Education Department in Madhya Pradesh said, “We believe Class Saathi will revolutionize the K-12 education system of the state. On the basis of the pilot done in our schools, the results are extremely encouraging as it helps to increase student engagement in the classrooms and learning outcomes of the students. To begin with, we are now looking at installing the Class Saathi clickers in 40 schools in each of the 52 districts.  We are also looking for a suitable CSR partner to help us accelerate the deployment of Class Saathi across the state.”

Speaking on the future plans of TagHive, Mr. Pankaj Agarwal further added, “Not only does Class Saathi improve the learning capabilities of students, it also helps identify students that need help in specific subjects. The interactive quiz solution of the app enables teachers to understand the strength and weaknesses of the students. Post Madhya Pradesh, we are also looking at expanding to other states. Our mission is to help students and teachers achieve more on a daily basis and provide Class Saathi to all 250 million students in India.”

About TagHive Inc.:

Incorporated in April 2017, TagHive Inc. is a Samsung funded, education technology company headquartered in South Korea and with corporate infrastructure and operations in India. The edtech startup is founded by Mr. Pankaj Agarwal, an IIT Kanpur graduate with an MBA from the

Harvard Business School. TagHive offers clicker-based classroom response systems and AI powered at-home learning app under the ‘Class Saathi’ brand in India and under the ‘ClassKey’

brand elsewhere. This mobile and desktop enabled smart and low-cost classroom technology solution is currently being used in over 450 K-12 schools in Korea alone. Also, over 85,000 students have already benefited from Class Saathi at-home learning app, which, for now, caters to students from Class 6 to Class 10. Currently, TagHive owns 13 registered patents and trademarks and 8 more are in the pipeline. The EdTech company recently raised its latest round of investment and stands at US$10M valuation.

Thursday, May 28, 2009

IBM funds $1 billion for APAC IT Projects

IBM announced up to $3 billion funds to finance IT initiatives in key economic stimulus projects in Europe and Asia-Pacific through IBM Global Financing, the company's lending and leasing business segment.

Specifically, it will make available up to $2 billion in financing in Europe and up to $1 billion in the Asia-Pacific region. IBM Global Financing also will extend its North American coverage to include financing for smart technology projects in Canada, according to a statement.

The stimulus financing will mainly target enterprises and municipalities looking to implement technology projects consisting of a majority portion of IBM hardware, software, and technology services components. Financing also can be applied to non-IBM technology as part of a larger IBM solution.

The financing will help organizations move ahead with IT projects in 2009, while awaiting government funding, to build the technological and environmental infrastructure of the 21st century.

The financing could be in the form of:

* Low rates and flexible financing options

* Deferred payment plans

* Enterprise financing facilities that offer structured lines of credit

* Specialized project financing packages that allow clients to align payment streams to anticipated benefits throughout the project

The recession is going to drive many organizations, public and private, to make transformational changes in their IT environment. However, without access to the correct financing offerings, a significant set of opportunities will be lost and society-wide projects, like smart grid, will be substantially delayed," said David Mitchell, SVP of UK-based IT research firm, Ovum.

It must be recalled here that IBM China Research launched a new industry solution lab in China focusing on the development of healthcare IT solutions and released four software packages that could help hospitals establish electronic patient records at reduced costs, last month. The Chinese government has announced a plan to invest CNY 850 billion over the next three years to provide every village with a medical clinic and at least one hospital for every county by 2011. The plan includes funding for electronic patient records systems that can be shared by different hospitals around the country.

CXOtoday

Total Pageviews