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BIT ACADEMY

DEVELOPING TALENTS FOR THE FUTURE

SUMMARY VIDEO

COMPANY DETAILS

SUMMARY

  • BIT ACADEMY SDN BHD (previously known as AL-ITQAN ACADEMY SDN BHD) is a subsidiary of BIT NETWORK SDN BHD.
  • BIT ACADEMY SDN BHD is a growing Digital Training Provider that provides a comprehensive digital transformation programme that includes digital skills, essential skills and technical skills to businesses and organizations. We help develop talents for the future.
  • Our focus is to help businesses and organizations develop their talent to be ready and prepare for digitization, digitalization and digital transformation.
  • We were appointed as EPF Learning Campus (ELC) Partner to conduct Digital Awareness Workshop (DAW) for their 300 staffs in 2020 until 2022 (2-year contract).
    • As of 2020, we have conducted more than 20 physical training (before and after MCO) under Executive Development Programme (12 modules) for essential skills and more than 3 online training (during and after MCO) for digital skills such as Design Like Pro - Canva Masterclass. We plan to fully convert most of our modules online and into          e-learning platform and increase numbers of virtual workshop or training.
  • In the next 3-5 years, BIT Academy plan to have our own e-learning platform, e-learning app and other digital products related to talent development and digital training and plan to reach across Malaysia by 2022, reach ASEAN countries by 2023 and reach worldwide by 2025.
  • BIT Academy is looking for equity investments from RM150k up to RM750k in this first round to help our business grow faster. The investments will be used to hire more talent/resources, create more digital product, invest in technology and increase marketing activities.
  • The vision is to make BIT ACADEMY as the leader in developing talent for the digital transformation by 2025 and have our own digital product and branches around the world as part of our growth strategy.

PROBLEM

According to Forbes.com, only 7% of companies have fully implemented their digital transformation. Possible reasons are:

  1. Companies are uncertain and unprepared for the impact of not moving towards Digital transformation. There are businesses and organizations that are still stuck and doing the traditional method (mostly manual) in their business operations.
  2. Companies are incompetence and incapable of managing talents and developing their skill set including digital skills, technical skills, and essential skills. Developing talent in an organization is a very crucial step to help the business transform. They have to be trained and developed step by step until they are fully understand the needs of digital transformation and the skill required to achieve that goal.
  3. Companies do not have a clear picture about digitization, digitalization, and digital transformation. The term digital transformation is buzzword that people are talking about but some businesses do not fully understand the idea or what is digital transformation itself. The process of transforming business into a digital ecosystem involves 3 main steps which are digitization (convert analog processes into digital processes), digitalization (using digital products, technologies or applications) and digital transformation (adoption of digital technology and cultural change).
SOLUTION

BIT Academy can help individuals, businesses and organizations by:

  • Creating Digital Products to help individuals and organizations moving forward. We are currently converting our workshop/training classes into virtual workshop and e-learning platform to help our customer to gain fast and easy access to our training. We are also currently developing few digital products (web and mobile apps) that have a specific function to help develop talents such as mySEED app. mySEED app focuses on creating a digital profile, tracking the learning process, tracking skill development and showing opportunities from the acquired skill set.
  • Developing talent through Digital Skills, including Essential skills and Technical skills. Our focus is to provide digital training that suits the need for digital transformation. We divided our training into 3 main category: Digital skills (in-demand skills that related to the use of app and basic technology), Essential skills (required skills that every talent must have such as communication skill, presentation skill and productivity skill) and Technical skills (in-depth and more advanced skill related to IR4.0  suitable for a technical person or a professional level).
  • Providing Digital Training Ecosystem and Roadmap for Businesses and Organizations. To help businesses and organizations develop or get the right talent for digital transformation, we provide a clear training roadmap and ecosystem where they can invest on each steps of training level that suits their current needs. We do not have all the solutions yet, but we believe our training ecosystem can give insights and ideas on how to move towards digital transformation.

This is our complete digital training ecosystem and journey towards digital transformation that can help individuals, businesses and organizations increase their performance, productivity, and efficiency. Our client can choose which level or type of training they want to train their staffs based on each category.

PRODUCTS

  • BIT ACADEMY core business is providing training, focusing on digital-related training. Some of the training that we have conducted and proposed are:
    • Digital Awareness Workshop (DAW) for EPF staffs organized by EPF Learning Campus.
    • Executive Development Programme (EDP), a series of essential skills training for executives between BIT Group of Companies.
    • IR4.0 related Training such as Introduction to IR4.0, Introduction to Blockchain Technology, Hyper Ledger Course and Introduction to Big Data conducted as Public Programme at CO9P, MTDC, UPM.
    • Design Like Pro Masterclass Series using Canva, a digital skills training conducted publicly through online and physical classes.
    • Google Tools for Business, a digital skills training that teach to use Google tools such as Google Trends, Google My Business and many more for Business Productivity, Sales and Marketing.
    • Digital Awareness & Readiness Training (DART), a 2-day workshop for basic digital training for non-executives, executives, and managers
    • Trailblazers Strategy & Innovation, a 3-day training for innovative and creative skill training for executives and managers.
  • As of 2020, we have conducted more than 20 physical training (before and after MCO) under Executive Development Programme (12 modules) for essential skills and more than 3 online training (during and after MCO) for digital skills such as Design Like Pro - Canva Masterclass. We plan to fully convert most of our modules online and into          e-learning platform and increase numbers of virtual workshop or training.

DIGITAL PRODUCTS

On top of that, we are currently developing a new application called mySEED (Personalized Skill Empowerment, Enhancement and Development); a platform that help users finding the right skillset, the right training and the right job by analysing the users’ personality style, behaviour ,and preferences on top of their educational background and job experience.

The platform enables users to find the right skill set and the right training that suits their job or career needs. It also helps employers to find the right candidates for the vacancy in their organization.

TRACTION

We are currently growing in terms of revenue even with limited resources. Our revenue increases each year from 2019 to 2020 by 3 times. Our biggest client is EPF Learning Campus and Perkhidmatan Pergigian ATM (PPATM), a service under MINDEF.

We were appointed as EPF Learning Campus (ELC) Partner to conduct Digital Awareness Workshop (DAW) for their 300 staffs in 2020 and 2021 (2-year contract).

In the next 3-5 years, BIT Academy plan to have our own e-learning platform, e-learning app and other digital products related to talent development and digital training and plan to reach across Malaysia by 2022, reach ASEAN countries by 2023 and reach worldwide by 2025.

To help us move faster and grow bigger (10X Growth), we need insights and financial support from the investors. We believe with right and sufficient support; we will grow much further and can have 10x growth within 5 years projection. 

CUSTOMERS



BIT Academy list of customers include:

  • Employees Provident Fund (EPF)
  • BIT Group of Companies
  • MINDEF Dental (Perkhidmatan Pergigian Angkatan Tentera Malaysia, PPATM)
  • Universiti Kebangsaan Malaysia
  • Ministry of Health

We are pursuing GLCs, SMEs and government agencies through tender and projects.

We are also going public to market our products and services through our public programme.

BUSINESS MODEL

Our current business model focus on income generation from training project, HRDF fund and public programme. We are also considering generating more income through our digital products later on.

We are using blended learning methodology where we combine both online (digital) and offline training. Our method of delivery focuses on simplicity, practical and hands-on.

MARKET

In training industry, our market segment is bigger and we can do training for SME or Corporation, Government and also Public; based on their training needs and requirement.

We divide our target market and it's segment based on these 5 categories on which each of this target group will have different training needs and different type of training.

In terms of marketing, these are our marketing roadmap from 2020 to 2025. We plan to cater Malaysia market first and then grow to SEA and then Global within 5 years.

COMPETITION

These are some of our competitors (Training Providers) and also our Potential Partners:

Our close benchmark would be KPMG and Accenture.

Our company is under a parent company which have 25 years’ experience in digital and technology industry

  • We have good track record involving projects/tender
  • We have a comprehensive roadmap and ecosystem that suits your training needs
  • We have multi-skill and multi-talented staff within our group of companies
  • We have trainers who have more than 10 years of experience in the training industry

FUNDING

BIT Academy is looking for equity investments from RM150k up to RM750k in this first round to help our business grow faster. We plan to raise a minimum of RM150,000 funding with 11.46% of equity offered.

The investments will be used to hire more talent/resources, create more digital product, invest in technology and increase marketing and sales activities.

Our minimum investment (100 shares) is RM 1720.00 per block. Those who invest in our company will have:

  • FREE access voucher to one of our training programme (one time access).
  • A special discount of up to 20% for attending our training and using our digital product.
  • Dividend share from profit generated after 1 year.

EXIT STRATEGY

  • Dividend paying - distribution of profits by a BIT Academy to its investors/sharehoders when we earn a profit or surplus. This could be on yearly basis depends on the revenue growth.
  • Management Buy Out - greater potentia rewards and control for the company.
  • Merge & Acquisition - one of our growth strategy is to be abe to merge or acquired by other company to help us grow our business globally.
VISION
TO BECOME INDUSTRY LEADER IN DEVELOPING FUTURE TALENT FOR DIGITAL TRANSFORMATION BY 2025.

The vision is to make BIT ACADEMY as the leader in developing talent for the digital transformation by 2025 and have our own digital product and branches around the world as part of our growth strategy.

INVESTORS

Currently BIT Network Sdn Bhd own 100% equity of BIT Academy Sdn Bhd.

FOUNDERS & TEAM MEMBERS

Mr. Basri Mohd Ghazi, CEO/Founder
PMP, CCSP, MSCE, ITIL with 30 years working experience in manufacturing, telecommunication and IT infrastructure Implementation and Operation.

Mr. Mohd Hanis Jenalis, Digital Strategist/Co-Founder
Certified HRDF Professional Trainer with more than 10 years of experience in training, R&D and management. He’s a computer engineer graduates and currently pursuing his Master in Cyber Security.

Mrs. Syahirah Mohd Shah, Admin Executive & Project Officer
Administration expert (along with HRDF-related knowledge) and project coordinator with 12 years of working experiences.

BIT Academy Sdn Bhd (previously known as Al-Itqan Academy Sdn Bhd) was founded by Mr. Basri Mohd Ghazi in 2018, where the initial intention was to create a training business related to IR4.0 learning skill such as Blockchain, Big Data, IoT and others. Mr. Mohd Hanis Jenalis, joined BIT Academy in 2019 to help grow the business since he has more than 10 years of experience in training industry especially in corporate training related to essential skills (soft skills). Due to the demand of a digital skills and technical skills, BIT Academy decided to brand ourselves as a digital training provider where we provide a comprehensive training ecosystem for digital transformation which are essential skills, technical skills and digital skills. One of the success story (in terms of closing a project), we manage to close a 2-years tenure project called Digital Awareness Workshop (DAW) with Employees Provident Fund (EPF) Learning Campus. We want to grow our business, hire more staff and engage more partners to help us move forward and fulfill our vision.

We are looking forward to have an insightful, an innovator, and a resourceful investor to help us grow faster, better and bigger. 


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01
APR

BIT2020: Contract signing ceremony with EPF Learning Campus for Digital Awareness Workshop (DAW)

11 months ago by MOHD HANIS BIN JENALIS
draft

BIT2020: Contract signing ceremony with EPF Learning Partners

7th Feb 2020, mark the day of collaboration between BIT Group Sdn Bhd and EPF Learning Campus.

BiT Group has been selected and appointed as EPF Learning Partners for Digital Awareness Workshop (DAW), a 2-year tenure of 10 workshop session in digital transformation.

BIT Academy (previously known as Al-Itqan Academy) has been appointed under BIT Group as training provider to conduct this workshops.

Another milestone achieved by BIT Academy for year 2020.

BIT Group with BIT Academy Sdn Bhd were honoured last 7th February 2020 to sign the agreement of understanding with EPF Malaysia as a learning partner, together with Digicity. The signing ceremony took place at KWSP Headquarter, in Kuala Lumpur.

Source: https://www.bit.com.my/bit2020-contract-signing-ceremony-with-epf-learning-partners/



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