Strategic Alliance Partner

Business opportunity
“India’s education and training sector offers private institutions an estimated US$40 billion market, with a potential 16% five-year CAGR (Compound Annual Growth rate),” says a report by CLSA Asia-Pacific Markets that clearly shows ample business opportunity.

“With an inefficient public education system, a growing young population, a bourgeoning middle class (with the intent and ability to spend) and price discovery, it has seen over the past decade, we expect 14% CAGR in private spends on education ($80 billion by 2012),” the IDFC report forecasts, using the $13 billion being spent annually by Indians on higher education overseas to highlight the “pay power of the education-hungry Indians”.

According to a January 2009 report by IDFC-SSKI, India’s current spend on education is at 5% of average household income. IDFC expects the consuming class - i.e. households with annual income higher than Rs. 90, 000 to grow from 28% of the total population in 2002 to 48% in 2010. The report expects 14% CAGR in private spends on education ($80 billion by 2012) with 18% CAGR for the “non-formal” segments.

Based on above facts, it can be concluded that the Education Industry is ‘Piping Hot’ in India and it is a recession free segment too.

If we look deep into the Job oriented courses one can perceive a trend of demand; it was popular with IT Courses, then Multimedia & animation and now Clinical Research and Healthcare related courses, are in mainstream. So, the Strategic Alliance Partners are going to offer in-demand programs to the prospective students, in association with ICRI.

Healthcare, which is a US$ 35 billion industry in India, is expected to reach over US$ 75 billion by 2012 and US$ 150 billion by 2017, according to Technopak Advisors in their report – ‘India Healthcare Trends 2008’. According to a CII report on employment generation in the Healthcare industry, while the direct employment was 4 million in 2001, it is expected to grow and provide direct and indirect employment to 9 million by 2012.

Changes in patent law in India have induced the Pharmaceutical industry to change their focus on new drug development and thus, clinical trials have dramatically increased from January 2005. Globally there has been a paradigm shift in the pharmaceutical industry and nearly two-thirds of the R&D expenditure is allocated for drug development, of this clinical research accounts for 70 percent. Since, clinical trials are heavy manpower oriented, consequently, the demand of trained Clinical research professionals improved significantly, locally & globally.

Due to diverse patient pool, availability of Medical practitioners, infrastructure and cost advantage, India has become the hub of Global Clinical Trails.

As per Mckinsey report, expected business volume is US $2 Billion. That creates a demand for 50,000 Clinical Research professionals in India.

As Management has IIMs, Clinical Research has ICRI, India’s First and World’s largest clinical research education Institution.

Apart from great demand, ICRI’s strong hold on industry and sturdy brand ease the Strategic Alliance Partner’s effort to cater the opportunity.

Strategic Alliance Partnership programme
Strategic Alliance Partnership programme is conceptualized and designed to fill demand and supply gap for trained manpower in burgeoning clinical research and healthcare sectors through chain of authorized training centers PAN India.

Why ICRI ?
ICRI Strategic Alliance programme give you an opportunity to be associated with the pioneer and the most respected brand in education industry, giving your business the required credibility push. Some of our major strengths are:

• A market leader in Clinical Research and Healthcare education in the country.
• Innovative on line media and class room sessions delivery modes for high quality education at lower operating costs.
• Curricula and teaching methodologies are developed with ICRI’s global education partners – Medical University of South Carolina, Cranfield University UK and ICR UK, giving it a global edge.
• A rich pool of over 100 prominent and experienced full-time faculty members who encourage and guide students to achieve excellence beyond academics
• Impaccable placements track record
• Media promotion support
• Complete hand holding and project guidance right from inception stage to launch.
• Guidance in interior design and infrastructure set up.

Who can be Strategic Alliance Partner?
ICRI selects its alliance partners with utmost care. We conduct a through due diligence before finalizing a partner. Some of the minimum requirements that an ICRI alliance partner must have are:

• A high level of interest and commitment to healthcare education as a business.
• A strong entrepreneurial spirit and zeal to succeed.
• Adequate financial resources.
• Commitment to highest level of quality in deliverables.
• Willingness and desire to learn the various nuances of managing education business.

Project highlights:

Start up cost
Each ICRI center has an area requirement of minimum 700 sq ft carpet space and project cost of 15 to 25 lacs which includes the authorization fee . The project would entail investment in Hardware and software equipments, Rent deposit (if premise is taken on rent), Infrastructure (one class room counselor/ centre in charge cabin, reception area) set up, working capital.

Revenues
Each ICRI centre is expected to register a minimum of 50 to 150 students depending on its location which is likely to enable partners to achieve ROI in 24 months or less.

Expenses
The salaries for one counselor cum marketing executive and one faculty, rent, electricity, phone, internet charges, local promotion cost and share in fee to ICRI are the expenses involved.

Selection Process
Please submit / mail the attached Application form. ICRI will do its due diligence based on the data provided and will intimate you if your credentials are found in line with its norms through mail/fax and take the process forward.

For further clarifications please contact:
Mr. Vijay Singh
National Head – Strategic Alliance
Institute of Clinical Research (India)
E Mail:- vijaysingh@icriindia.com