So that's a software revenue business so they will subscribe to that and get revenues per year. How does that work? Absolutely, so effectively the employers, educators and businesses effectively advertise their offerings on our site. So they go on there, they choose a package, they upload their vacancies on all their courses and we map them intelligently to the sectors and careers so it's good to go and they can keep that maintained and one of the products we offer as well also allows the institution to make one update of their courses to our system and it automatically keeps all of their digital platforms updated not just launchpad so their website, their digital prospectus and the government mandatory systems like UCAS and and SFA. It does it automatically so it's a huge time resource saver for institutions to use our system as well as being a groundbreaking marketing platform, and one of the most exciting parts about launchpad and this is something that that we are actually scheduled to launch in March this year is the accompanying application which is called VICTAR and if I can explain that a little bit for you is a virtual Interactive careers training and apprenticeship robot hence VICTAR, and he's a short virtual reality experience which a careers guidance officer will put on the head of a school child as part of a careers program and VICTAR uses virtual reality to get that young person engaged in thinking about his or her career. The output of VICTAR and what they determine to be their personality and everything else is then automatically synced with the schools version of Launchpad so that they can then spend time looking at the careers they have been matched to, go home and look at them with their parents and apply and create a careers action plan from them so the school is actually supporting what the government has issued as a mandate called the Gatsby benchmarks whereas as of March this year if every school in the country is not showing progression in working towards these eight benchmarks it will impact on their OFSTED results so VICTAR is a solution that supports a huge demand and the mandate the government has issued to secondary schools across the UK.
Are you engaged already with educational facilities? I can tell you that launchpad, well the forerunner of launchpad which we referred to as fast forward was launched 18 months ago on to Solihull college university centres website That has already in itself been fundamental in the college winning an award Specifically for the use of the engine Fast Forward which was an online platform effectively a younger version of launchpad so the platform itself is available on any device for anybody looking for a career or to start a new career. The results use a simplified personality test and it matches your personality to your interests and then it intelligently suggests careers that are suitable for you as an individual. It then links to the national data from the government which shows prediction of growth of that career in the region where you live, also things like what you can expect to earn as a salary and then tells you different pathways of how to get there In the fastest way whether by a vocational course or further education to university or whether it is an apprenticeship with a direct employer and the intelligent part of the system then shows you the colleges apprenticeship providers and employers that support that in your local area
So at the moment which part of the business is generating the revenue? So all three of our channels are actually doing tremendously well So gameification is a huge part of our business and we are established with most of the blue-chip brands in the UK and a lot of strategic partnerships which will be unfolding over a Short period of time in the marketplace and we are obviously trying to make sure we've got the infrastructure to deal with that kind of demand and then we've got our education products which we are already well established in education platforms already resulting In our customers winning some very prestigious National education awards and the launch yesterday of our aptly named launchpad is a huge groundbreaking platform which addresses a national critical issue which is the U.K.'s skills gap Which the government estimates is going to cost the UK taxpayer 80 billion a year by 2024 Our engine not only addresses that situation but is also about delivering careers information to young people at a point when they really need to make informed decisions about their future in order to think about what kind of job I can do which the government projects will grow in the regions in which they live
"PROFITABLE from day one (2014)" 15:30 "All 3 channels doing tremendously well"
"Huge year of INVESTMENT last year"
"UNIQUE gamification engine. PROPITIATORY, immersive multi-player framework"
"SCALE quicker with SaaS models"
Today is only the start of newsflow, lets see where we are in six months to a year, maybe too long for some folk
Dev as far as I'm aware are the only company with this accreditation, the 8 Gatsby Benchmarks.
So as a lone gunman, no others are at this level so Dev Clever are ahead of the game here.
6500 secondary schools alone. Up to £23k per annum per package. if total uptake is 100% then 150m per year
but even 10% is still a nice number and thats only for Secondary Schools.
308 colleges 100% uptake 7m
106 uni's 2.5m
3800 Training and apprenticeship providers 87.5m
If all Dev collect are 10% on each then possible yearly revenue is around 25m a year
LaunchPAD is to be supported by an integrated virtual reality application VICTAR (Virtual, Interactive, Careers, Training & Apprenticeship Robot). Launching in March 2019 this short virtual reality experience is designed for secondary schools to use as part of their career guidance programme and as a method to engage their pupils in their career education. VICTAR, which will be available to secondary schools in the UK on an annual SaaS based licence, is designed specifically to support the government mandate of delivering careers information as set out in the 8 Gatsby Benchmarks.
1. A stable careers programme
2. Learning from career and labour market information
3. Addressing the needs of each pupil
4. Linking curriculum learning to careers
5. Encounters with employers and employees
6. Experiences of workplaces
7. Encounters with further and higher education
8. Personal guidance
Hamodeh82, its tech and Majors will pay to obtain the tech, not saying this will happen here, but look at other tech companies that where bought by majors it was in the billions , whatsapp sold for 19billion to facebook but had lost 138million before the buyout, again its only a scenario, does not relate to Dev it was only an example.
How could AR be used in education?
Augmented reality overlays computer-generated images and videos on a real-time environment by using markers such as a movement, barcode or physical object that will act as a trigger and a method of interaction that the user is seeing ‘on screen’.
In most cases, lessons revolve around a certain textbook and augmented reality could enable its images to ‘pop out’ and make the textbook become an interactive lesson.
Many schools across the UK offer tablets to students and these tablets (or even their own smartphones) could be placed over images in the book enabling it to provide an AR ‘video’ the student.
For example, biology students studying the human circulatory system could place their device over a textbook image and see the heart move and show in great detail how blood is pumped around the body. And this is likely to improve students concentration and enthusiasm.
Keeping practicalities in mind, AR will offer more accessibility to a broader range of schools, as the technology itself is easier to implement within the classroom. Once established (i.e. sufficient AR-enabled textbooks and apps are created), AR should be much cheaper to implement across schools with limited budgets.
So, AR might be the better choice for schools that don’t want to commit to full VR headsets and VR capable PCs.
But AR isn’t just limited to the classroom. The potential for its use on class trips and at home is another thing that augmented reality can provide that VR cannot.
For example, teachers could provide a homework sheet with ‘markers’ on them for students to use with their smartphones at home.
While cost is a running theme when implementing VR, AR and MR, it's an important factor, and in some school the most important metric. Once AR materials (books, task sheets, textbooks and more) are set up and the apps and content is made, implementing AR is a pretty cheap option for children with smartphones or schools offering tablets.
It's likely that a subscription AR package will be used by schools to get curriculum-based AR apps and in theory, the benefits to learning are huge. The only question is when is this going to happen?
https://twitter.com/freemanpro001/status/1097123016763494401
Another link
https://t.co/GtI1ISVS2N
Link to Dev info posted by a twitter users
Not sure on the revenue, but each individual school will pay an annual fee for the license, again not sure what that is not great help all the same, but would imagine its not a couple of hundred pounds, couple of thousand plus probably
Virtual Reality Careers Engine, Victar, has a massive impact on all the Gatsby Benchmarks and is backed by the CEC.
Already Dev Clever are actively engaging Schools into the aspects of Victar and its assist with careers advice for pupils
With the Launchpad and Victar products the sales team can simply speak the wires “Gatsby Benchmark met” then they’ll take it it. It’s a self selling product. The benefits of having it, and at relatively low cost in terms of schools and institutions budgets, out weigh any cost considerations by multiples of the outlay. It pays for itself by covering the OFSTED requirements and maintains their grant assistance criteria in one. It’s a net gain bit just in terms of educational impact which will be huge but also by meeting the above.
@dev_clever WE MODERNISE HOW EDUCATORS CONNECT WITH STUDENTS AND ASSIST THEM WITH FINDING THE RIGHT COURSE, CAREER AND OUTCOME IN LIFE.
Launchpad/Victar for example we are a good two years ahead of the nearest competitor in development. That might as well read 20 years in the VR space as many will know. So we aren’t just taking penetrative technology and applications we are talking “The World’s first”.
Three different areas to the business. Gamification, Education & redeem. Vanguard RNS ? whats next? Education or Engage marketing next? News flow could be around the corner.
https://twitter.com/BrokermanDaniel/status/1092750547541729280
Hardy78..agree, but if these attacks are constant then there's only so much people can buy , if there wasn't any resistance there yesterday the SP may have hit 1.5 or below...am I being to negative here...to shut him up then deliver on what the promised at the IPO 13 months ago, surely after all this time they have made inroads, I know people say well rome wasn't built in a day etc...
Hardy78...I don't think Dan is going away anytime soon yes he has a gripe with ALGW over the alleged PR case, would be nice to hear something from the company with regards to Contracts as we are well over due on that news front or is it that maybe Danny and co. are just not getting the business as easily as they thought.