EM Academy is established to help children gain quality education at a lower cost. EM Academy is based out of Mongolia and offers many children, especially those out in the countryside a quality online training course. They participated in the BYU MS Asia 2021 Business Plan Competition.
EM Academy is one of the winners in the BYU MS Asia and BYU Hawaii 2021 Business Plan Competition. Read below to find out more about this amazing company and how the money and winning the competition have helped them to foster growth – even during the times of COVID.
Table of Contents
- Challenges In Mongolia With COVID Lockdowns
- EM Academy Recognizes The Online Education And Seeks To Help
- BYU MS Asia Business Plan Helped Fund Growth
- Related Content
Challenges In Mongolia With COVID Lockdowns
We live in a challenging time where COVID-19 has killed nearly five percent of the Mongolian population. The impact in Mongolia, especially on youth from rural areas, has been devastating. Since the pandemic, Mongolian kids have been struck, having been in strict lockdown for 2 years and only recently entering a hybrid form of education.
Both students and teachers in the countryside were unprepared to have online lessons. The Ministry of Education in Mongolia identified that 65 percent of first-graders have not even learned the alphabet.
EM Academy Recognizes The Online Education And Seeks To Help
In recognizing this, we decided to set up an online English language academy called EM Academy (Educated Mongolia Academy) and have educated over 1000 kids online since September 2020.
Most of our teachers have TESOL degrees, and some are native speakers. Moreover, because of the lockdown, family income in the countryside decreased.
Therefore we also created a scholarship program with the Dutch-Mongolian Association for kids who cannot pay the fee, and in total, 150 students were awarded this scholarship. The kids are mostly from families who lost their jobs during the pandemic.
Yet, we were facing technical difficulties as students’ numbers increase. The cost of building a website was expensive for a small business.
BYU MS Asia Business Plan Helped Fund Growth
We decided to participate in the BYU MS Asia 2021 business competition organized by the BYU Management Society. We were blessed to win first place in the BYU Hawaii part of the competition and second place in the BYU MS Asia area competition for small businesses.
The fund helps us develop our website and to double our capacity and increase HR personnel. This competition enabled us to be able to help more students in the countryside to ensure they also receive an education.
We hope that more businesses will enhance their power by participating in the BYU MS Asia Competition.
To learn more about EM Academy on how they used the funds as a winner of the BYU MS Asia Business Competition and the BYU Hawaii Competition, you can watch their video below explaining how important this money has been to their growth.
BYU MS Asia Business Competition and the BYU Hawaii Competition.
Related Content
11 Reasons To Support The BYU MS Asia Area Business Plan Competition
In November 2021, at our Asia Summit, the BYU Management Society Asia area completed its second Business Plan Competition. This competition started with 37 teams from seven countries, and in the end, 9 teams won cash prizes in 3 different categories.
You can discover more by reading 11 Reasons To Support The BYU MS Asia Area Business Plan Competition by clicking here.
What is the BYU Management Society?
The BYU Management Society is a business, professional network, and career development program whose primary focus is to help grow moral and ethical leadership worldwide. It also helps support the local communities where the BYU Management is organized and operating. The organization is open to all.
You can discover more by reading What is the BYU Management Society by clicking here.
