Talents Venture: Education is an investment, not a burden
In Italy, many young talents are forced to miss their opportunities to pursue high-quality educational programs due to the severe lack of merit-based scholarships. Currently, most scholarships available for Italian students are income-based, which implies that financial aid excludes the young talents coming from middle income families. According to Eurydice Facts and Figures, only 9% of Italian students received scholarships in the academic year of 2016/2017. Furthermore, student loans are not appropriated to finance a risky investment such as education, because the repayment is not linked with post-graduate student’s income.
Culturally, it also has been a norm for parents to take loans on behalf of students. In response to this pressing issue, Pier Giorgio Bianchi, and Paolo Alberico Laddomada founded Talents Venture (TV). They wanted their start-up to offer innovative service that allows tying the cost of education to student's future income, similarly to what has already been available in North America for decades.
Learn more about TV here: http://www.talentsventure.com/
Throughout its operations, Talents Venture has built a huge database for the Italian market in order to assess students and price the financial instrument correctly. This data has enabled TV to come up with an effective tool to advise students and their families on the selection of college courses. Lately, TV has been getting the increasing number of requests on international studies. Therefore, the start-up is wants to build a larger database to address the emerging needs.
Specific recommendations to be developed by the Consulting team are:
1. Assist TV in collecting the relevant data on educational institutions in the UK and the US
a. Develop the methodology and determine the criteria for selecting the most reliable data sources across the two markets on i) university enrollment; ii) post-graduation employment iii) rankings etc.
b. Provide the list of databases for on the UK and US institutions
c. Start collecting the aforementioned data in a format suggested by the client
d. Propose different user-friendly ways to present the data collected for the end-consumers (students and their parents)
The managing team of Talents Venture incorporate your recommendations when operational, tactical and strategic decisions are to be made in the near future.