Tuesday, October 25, 2011

Business Idea #2 – Electronic Marking

Need:

To eliminate the need of having to print out assignments in order to have them marked. I.e. saving the rain forest.

Solution:

An app that allows teachers/instructors to “write” (with a stylus) comments onto an electronic version of a document on a tablet or PC. Once the document has been fully marked up, you assign a grade and upload the document to a server where students can access their work from anywhere. This eliminates the need for drop boxes and eliminates the risk of losing a marked document.

Additional Potential Features:

  • Input recognition – i.e. when someone writes -1 or -2 it will start subtracting those points from 100
  • Real-time tracking of performance in any one course

Potential Business Models:

  • Selling the hardware
  • Leasing out the hardware
  • Charging a monthly fee to license the software
  • Charging per document volume
  • Charging per megabyte of storage
  • Charging per number of students enrolled

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