Team 3 – Open Minds

Presentation Team

HubLab Teams
Each team at HubLab will consist of six young entrepreneurs, one from each participating country—Romania, Bulgaria, Greece, Cyprus, Poland, and Latvia. These teams have collaborated throughout the program, combining their diverse perspectives to develop innovative business ideas. The final teams have officially pitched their business idea on 23 September, in Iasi

Details Team

OpenMinds School: Personalized STEM Education for the Future

 

Business Overview

  • Business Name: OpenMinds School
  • Concept: A supplementary education service focused on delivering a personalized STEM curriculum (Science, Technology, Engineering, and Mathematics) to students, helping them develop real-world problem-solving skills.
  • Tagline: Personalized STEM Education for the Future

Problem Statement

  • Global Issue: A significant global shortage in STEM education and real-world problem-solving skills.
  • Specific Challenge: The failure of traditional supplementary schools to provide personalized and adaptable education to meet the needs of individual students.

Solution

  • OpenMinds’ Offering:
    • STEM-focused curriculum designed to prepare students for real-world challenges.
    • Hands-on, personalized learning that adapts to the needs of each student.
    • Flexible lesson structures to ensure learning is engaging and effective.
    • Real-world problem-solving skills integrated into the learning process.

Market Opportunity

  • Target Audience:
    • High school students and university students with a need for enhanced soft skills and an interest in STEM education.
    • Location: Focused on Sofia, Bulgaria, which has an increasing population of young people and a strong government commitment to advancing education and technology.

Business Model

  • How It Works:
    1. Students apply through the OpenMinds website or by visiting the facilities.
    2. Applications are reviewed, and students are approved based on availability.
    3. Students choose between two membership options:
      • Individual Plan: Personalized learning, starting at €20 per month.
      • Group Plan: Group-based learning, offered only in-person, starting at €120 per month.

Traction and Progress

  • Progress Timeline:
    • 1st Period: The business idea was developed.
    • 2nd Period: Schedules were organized for launch.
    • 3rd Period: Surveys were conducted to identify potential partners and customers.
  • Current Status: Ready to launch the business with 30 high school students, 20 university students, and 15+ specialized teachers interested in partnering with OpenMinds.

Financial Ask

  • Investment Required:
    • €10,000 is needed to kickstart the business. Funds will be allocated for:
      • Building expenses and taxes.
      • Teacher salaries and service costs.
      • Appliances and equipment (e.g., interactive boards, stationery).
  • Our Promise: To double the investment to €20,000 as the business grows.

Video