We are basically into Robotic Education in association with
Lawrence Technological University and University of West Florida
o Novatech Robo has exclusive access to Robotic Interactive learning Environment (RILE) course materials for Maths and Science developed by highly qualified faculty from University of West Florida (UWF) USA in association with iSpace USA. As well as on line access to robots in robotic lab developed for RILE in USA under MOU dated 14th Feb 2013 - It is beyond the class room leaning.
o Robofest, of Lawrence Technological University Michigan USA. An international Competition, an effective way for students to learn their STEM (Science, Technology, Engineering and Mathematics) curriculum in a Fun and Entertaining way.
ABOUT FRANCHISING WITH NOVATECH ROBO
We will train the staff and provide the course materials and help in the development of the franchise.
• The Revenue will be shared in the ratio of 80% to franchise and 20% to Novatech Robo excluding any amount payable to the universities towards their royalty.
• We will provide the course material for students, training materials required for trainers etc.
• Source of income:
o From training in the Institute on weekends.
o From regular training program in Schools on weekdays / weekends.
o From work shop in schools and Engineering colleges.
o From camps for summer vacation and other long term holiday’s.
o From sales of engineering projects.
o From sales of robots and robotic materials.
o From national and international competitions (like ROBOFEST from Lawrence Technological University, USA) which you will be conducting in your city.
o From other sources like placements etc.
o From marketing of products and facilities of University of West Florida.
NOTE: AVERGE FEE CHARGED PER STUDENT IN BANGALORE WILL BE AS FOLLOWS: HOWEVER YOU CAN CHANGE THE FEE DEPENDING ON LOCAL CONDITIONS.
Rs 2000/- for vocational training of 2 hours per day 15 days program.
Rs 4500/- for regular course during class hours one period per week for the full academic year.
? Rs 5500 for after school training of one hour per week for full academic year.
? 15% of the collection will be paid to schools for their facilities the school provide for training.
Franchising Fee details
• The franchise expenses will be Rs. 5, 00,000/- (five lakh) out of which Rs. 1, 00,000/- (one lakh) is non refundable fee and Rs. 4, 00,000/- (four lakh) will be the material cost.
• At the time of signing the contract the amount of Rs. 1,00,000/- (One lakh) fee and 1,50,000/ (one lakh fifty thousand) as material cost has to be paid initially and balance Rs. 2,50,000/- is required to be paid after the start of training in schools.