Free MBA! Regenesys launches business education in India

The institution willmake all learning material freely available online in this game-changing initiative.

July 04, 2013 12:31 IST | India Infoline News Service
Regenesys Business School, a leading management and leadership higher education institution based in South Africa, has broken new ground by becoming the first business school in the worldto offer free business education from Certificate, Diploma, Bachelors Degreeup to an MBA levelin India. Regenesys’ Free Business Education is accessible to anyone who has an interest in higher education. The institution willmake all learning material freely available online in this game-changing initiative. Theaim is to change the educationalopportunities for all Indians who aspire to obtaininga foreign degree.

Dr Marko Saravanja, Chairpersonof Regenesys Business School said, “India is a key component of Regenesys’ global strategy. With the talent available here, we aim to deliver our programme offerings to India, as a growing key market.This is another step towards globalising the concept of free, high-quality, education. A person can then choose to obtain certification and do exams when they are ready - these are paid-for services. This ground-breaking freemium model of education mirrors what happens on Facebook, Google and other businesses where you get access for free.A model such as this can bring multiple benefits to the business environment in India, where attaining a tertiary qualification has, until now been a distant dream for Indians.It presents the opportunity to give access to higher education to many more people thereby helping to alleviate the skills shortage”.

The free learning material is available to people who plan to advance to executive levels, entrepreneurs, school-leavers and anyone who wants access to top quality business knowledge and tools from a reputable institution. Corporates too, can make this education availableto their workforces at no cost. This programme allows students from anywhere in India to studyon their smartphone, tablet or PC, for free.India has had the highest number of registrations outside of Africa and the recently established Regenesys office in Mumbai will continue to support and drive registrations in this market.

“The free education model is based on a ‘Freemium’model, which essentially provides anyone full access to Regenesys’ intellectual property in the form of free learning material, tutoring videos, study guides, eBooks, academic articles, sample assignments and examinations, e-learning technical support and much more across all business qualifications. By registering online, students enjoy unlimited access to these learning materials at no cost,” says Saravanja. “If the student decides to obtain an accredited qualification, options exist within the ‘Freemium’ model for students to submit assignments, write examinations or attend classes, which are paid-for services. This also allows a student the freedom to complete a qualification module by module, according to his/her own time requirements.”

In support of the Free Business Education offering, the Regenesys Business School will be launching the Regenesys Foundation in India. The Foundationwill champion and promote free education, and will raise substantial funds to facilitate increased access for deserving students.

To date, Regenesys Business School has spent in excess of US $ 5million on the development of learning programmes, accreditation and e-learning technology, and this is accessible at no charge to anyone today. Regenesysalso continually develops its programmes to invest and stay abreast of industry norms and standards to ensure that all students receive world class business knowledge and education,leading to a recognised qualification.More than 75,000 students from more than 100 countries have benefitted from Regenesys’ programmes. Its free education offering is the latest in a long list of education innovations that it has brought to the marketplace.

“The RegenesysBusiness School was built on the philosophy of human development and awakening potential through education,” says Saravanja, “and whether it is a school-leaver, entrepreneur or business professional, access to free knowledge is a sustainable way of igniting potential in others. We believe that through this offering we are supporting and empowering individuals; promoting economic development and competitiveness within the context of a rapidly growing knowledge economy. This offering also provides life-long learning and development opportunities which will help reduce poverty and suffering in the long run”.

Global publisher, Pearson has been a partner in the initiative from its inception in South Africa and continues to back the project as it gains momentum globally. Substantial additional partnerships are currently being negotiated in India in order to increase the reach and benefit of the Free Business Education undertaking.

The Regenesys Foundation is a registered non-profit organisation. An independent board of trustees, comprising South African and international members, is responsible for strategic oversight and governance of the Foundation.

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