Last Friday (28 Sept) , I went to an interesting presentation at InSpace which included a presentation from Morna Simpson, CEO of Flockedu. Flockedu aims to link teachers and adult learners for face-to-face learning with a tag line of “meet, learn, teach… locally”.
The idea for the company started with a personal injury that coincided with the student fees and cuts in Higher Education. The purpose of Flockedu is to link learners, teachers and venues for learning in the community alongside signposting and linking to other online learning resources. The business model is based on taking a small fee from the income generated from the trainers also draws in supplementary income from merchandising an data mining for business intelligence.
I particularly enjoyed the development process that started by Morna leveraging her online network and organised three hackdays June – Sept 2010. Participants gained a proportion of ownership of the company – an interesting alternative ownership model. While the business model for the business is emergent it appears to meet a clear market space on leveraging technology to support the demands for social, collaborative and community learning activities, face-to-face, locally and together.
The presentation itself was included as part of the Entrepreneur in Residence (following 9 month pause for surgery -something here about bad luck and later success?).