MARKETPLACE is another bold project being undertaken by EDUCATE JAMAICA. EDUCATE JAMAICA is seeking to unlock the education industry, resulting in an ever expanding market and new opportunities for individuals and businesses.
We believe that the formal establishment and further investment in a private sector led education market will bring great benefits to businesses, individuals, the Government, schools, parents and students.
The Education Marketplace by EDUCATE JAMAICA will operate as a lobbyist as well as support the further enhancement of a comprehensive local education market. The number one goal of THE EDUCATION MARKETPLACE is to support private sector companies and private individuals in bringing greater products and services to the local education market. The formal establishment and investment in an education market will see a significant growth in the number of great products and services being offered in the education community as well as the educational outcomes for students nationally at all levels (from early childhood to university).
We believe that a more collaborative approach as oppose to an individualistic approach will bring greater success. We believe that through collaboration, we will be able to unlock the full potential of the education marketplace.
The education market in Jamaica is worth an estimated ¼ trillion Jamaican dollars ($250,000,000,000 JMD) based on research conducted by EJM (the Advisory & Consulting arm of EDUCATE JAMAICA). This amount is the combination of Government, schools and parent spending. We have estimated parents to be spending around $130 billion dollars annually on education, which includes extra lesson and extra curricular activities. Parents’ spending is expected to rise annually by an estimated average of 1.8% over the next 5 years.
With this said we must applaud the current providers of products and services to the market as well as the current investors who are investing in these companies and the wider market opportunities.
The education market is not an exclusive club and it does not exist only for some, but for persons who are interested in offering great products and services to the local market. We recognize that there are companies and individuals that are keen to add value to the education industry and we would like to support them to do so.
The Education Marketplace by EDUCATE JAMAICA will operate as a lobbyist as well as support the further enhancement of a comprehensive local education market. The number one goal of THE EDUCATION MARKETPLACE is to support private sector companies and private individuals in bringing greater products and services to the local education market.