How to start ed- tech franchise?

Introduction

With the advent of technology there has been a revolutionary change in every aspect of life.
Technology being the norm of the day should be an easy access and use for Everyone. As the
world was hit by the pandemic the fundamentals of education from note books, pens and boards
have changed to devices and online interaction. Hence it is inevitable to ignore the impact of
today’s technology on students. As the students have become more dependent on these devices
they are a lot more comfortable in using them thus education which forms an important criteria
for their all-round development has to be implemented with this technology. Following this trend
is the ed-tech market.

Use of education technology

Ed tech is referred to as the use of advanced technology both software as well as hardware for
the purpose of providing knowledge and education to the students. One of the biggest uses is to
provide students with a number of resources. This advancement in resources helps to provide
more access to the students with study material.

Providing them a school like atmosphere on a virtual mode makes the availability of easier
communication, engaging in multimedia assisted lectures, thus creating a more time efficient and
work efficient classroom.

This online education is much more feasible due to the easy accessibility. They can be used
from anywhere just using a device therefore physical presence is not needed knowledge being an
intellectual material can be grasped through communication, presentations and reading.
Availability of this knowledge online is making the scope of the education system much wider,
thus widening the market of ed tech day by day.

Types of education businesses

- Online coaching classes
-Certificate and degree courses

-E-books forum.

Intellectual property forms the basis of ed- tech business. Private limited company or limited
liability partnership is the best legal structure for an ed tech company where both the director as
well as the partners liability is unlimited to the shares. 

The first important step to start an Ed tech Franchisee is the registration for GST compliance
Where the ed-tech needs to be registered under the new GST regime furthur the company has to
comply with the tax guidelines.

The Next step is to create a domain name and website. This is a process where a website is
created along with a unique domain name and it is registered where the people recognise the
business and website.

The next step involves the registration of intellectual property. Intellectual property forms one of
the key ingredients to an ed-tech business. Registration of the intellectual property prevents the
use of these intellectual properties without permission. The IPR includes patents in the
technology that is brought to the market. Registration of trademarks such as the logo, slogan
name and marks. Copywriting the material provided for education purpose created in the
platform during the programme and protection of trade secrets such as client developers, and
programmers. 

There are certain essential agreements needed to be drafted while entering into an ed-business,
these documents include agreement of non-disclosure and confidentiality agreement. The
agreements prevent any third party from leaking the trade secret.

The intellectual property agreement is obtained through an agent. An intellectual property
assignment agreement stating the actual owner of such property is to be provided. In case where
the ed-tech business license is it’s IP to another business there should be an agreement that
provides the terms and conditions of such licensing.

A server agreement is created when a website is developed by a programmer or a technician, this
agreement lays down the terms and conditions of service.
Agreement for website policies is an agreement which states the privacy policy along with the
disclaimer policy for the subscribers who use the service of the website. Presence of a payment gateway is the use of a payment mode which will be used by the subscribers for the payment of the services they will be taking from the website.

Conclusion:

Education technology has become a growing business with the growth of its need in the present
and future and it’s meeting requirements with the persistent development in technology. The use
of this education technology can be far-reaching therefore it is important to understand the
concept and necessities while setting up these ed-tech franchisees. Protection of these market
businesses is also a hefty task as they are more prone to intellectual property rights infringement
Therefore it is important to keep a documented work.