Year 13 students, Miklos Hajnal and Adrian Stickel , from the British International School Budapest, have founded their own online education business, Lite Up, whilst studying for their International Baccalurate Diploma. They have already attracted an incredible investment of US$40,000.
LiteUp is an online educational platform that helps students exchange knowledge and lead their own learning. With LiteUp, students will be able to upload videos and documents based on what they learn, make requests for videos they need, test their knowledge and teach their peers without limitations on language and categories. The budding entrepreneurs have received an US$40,000 investment from Hungarian company Traction Tribe Zrt to support the start-up venture.
Miklos and Adrian were inspired by the lack of relevant and engaging online educational content available when studying for their exams in 2013. The platform originally hosted short video tutorials for a range of subjects but following research with their peers, quickly expanded into the current interactive format. In addition to seeking advice from Business and Management and ICT teachers at the British International School Budapest to develop their idea, the boys also formed relationships with a number of serial entrepreneurs and business angels in Budapest.
Lite Up will launch in April 2014. Miklos and Adrian have also both received offers from the University of Oxford to study Philosophy, Politics and Economics.