The market size of global education is estimated to reach USD 10 trillion by 2030. Concurrently, there has been a growth in private-sector engagement in education generally, the sector occupying the top priority for many private investors operating in Asia. However, there is a paucity of concrete data and little transparency in reporting, inhibiting knowledge-sharing. The central concern of this pilot project was to develop an openly accessible tool to begin to fill these gaps.
This report provides a detailed overview of the process of developing and piloting Invest-ED with philanthropic and impact investing actors supporting education in Asia. Invest-ED is an original data collection tool aimed to increase transparency of reporting on the investments of private-sector actors in education. The tool also aims to allow them to reflect on the motivations and challenges of operating in the education sector and to facilitate reporting and data sharing. The full version of Invest-ED is provided (Appendix I).
Invest-ED was piloted with 15 organizations across India, Japan, and Singapore in face-to-face and telephone interviews, with additional informal follow-up interviews. A further four organizations participated in background information. Participants were provided additional time to complete and return data modules of the tool. Member checking of organizational data and interview excerpts presented in this report was also conducted.
The structure of the report is as follows — Section 1: summary of the framing literature; Section 2: development process of Invest-ED and guidance notes; Section 3 pilot study design and procedure; Section 4: administration of the pilot tool, participant feedback, and rationale for revisions; Section 5 focused analysis of participant interviews in two areas — data access and systems and reporting compulsions — and the potential impacts on transparency of operations; and Section 6: concluding insights on preliminary interview data, Invest-ED tool, and potential for scaling-up the study.
The pilot study was supported by a grant from the Canadian Social Sciences and Humanities Research Council, with co-funding by the Center for Universal Education, Brookings Institution.
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Citation of this paper:
Srivastava, P., & Read, R. (2019). A report on piloting the Invest-ED tool on private sector investment in education with philanthropic and impact investing actors in Asia. London, ON: University of Western Ontario. Available online at: https://ir.lib.uwo.ca/edupub/109/