Find out tonight if we have been voted THE SMARTEST business at the Smarta 100 awards - 19th May, London
- Founder name(s):
- Lizzie Fane
- ThirdYearAbroad.com inspires students to study languages at university and make the most of their year abroad.
Language learning is hugely important for the UK's international
relations and economic development, but a language degree is
considered difficult, expensive and scary, and student numbers for
it are dropping. ThirdYearAbroad.com aims to make the process
easier and more appealing by providing a platform where students
can share their experiences. Users can find out where to live, get
financial advice, create their own guidebook to the city they're
in, ask questions, read reviews about evening classes and courses
abroad - and parents can be reassured by the parent section.
Founder Lizzie started the business with her student loan, drawing
on her own experiences of a third year abroad. Revenue will come
mainly from selling all-inclusive third year abroad insurance
policy, a product that is required annually by thousands of UK
students. Although the business is very new, it has an impressively
clear business model and marketing strategy.
- Making the important process of learning a language easier and
more appealing for young people
- Spotted good gap in a big market
- Impressively strong business model and marketing strategy,
despite launching only a few weeks ago