Education technology firm eyes Chinese and Indian markets after investment
It has been a little over 27 months since Sarah Mintey founded Developing Experts.
But now the firm is on the cusp of putting its products in tens of thousands of schools across India and China with businesses queuing to help distribute them.
And thanks to a £335,000 investment from Anglia Capital Group former headteacher Miss Mintey said the education technology start-up is in the right place to make the interest count.
“At the moment we are talking to about 50 large companies of which 20 are listed with stock markets around the world,” she said.
“What we are looking to do now is prioritise the biggest opportunities so we know where to go next.”
The Norwich firm’s platform provides teachers teaching outside their chosen subject, something Miss Mintey experienced during her previous career, with online lessons, lesson plans and experiments as well as interviews with experts.
There are discussions ongoing for deals to put it into as many as 30,000 schools and Miss Mintey said if just one or two of the deals came off the company would be in a strong position to continue growing.
As well as heading into schools the homeschool market is a big one for Developing Experts particularly in countries such as China, for which a translated product is in development.
The investment has allowed Miss Mintey to take the team to 10 people with an additional three contractor developers helping to build the front end platforms for translations for foreign markets.
She said: “The funding has put us in the position where we are ready to go to distributors and has also allowed us to develop the homeschool product.
“As of next week we will be up to 10 staff and the investment has enabled us to expand the team very quickly.”
The Future50 firm, which won the Breaking Boundaries category at the EDP Business Awards 2017, was founded in October 2015 and Miss Mintey said she had been going “flat out” ever since.
As well as India and China, Developing Experts is in talks with organisations in Saudi Arabia and Nigeria with Miss Mintey having attended exhibitions across the world.
“It has been really encouraging to see the recognition the product has received,” she said.