#SDGAction31928
Proliferating equality of opportunity, educational equality and economic empowerment to all children through our revolutionary financial and entrepreneurship education technology
Description/achievement of initiative

We manufacture and distribute a home-based integrated computer system called Life Hub that engages and educates children aged 3 to 14 financial and entrepreneurship skills so they transition into financially capable and entrepreneurial adults. Through our revolutionary youth financial and entrepreneurship education technologies, we proliferate equality of opportunity, economic empowerment, upward mobility and educational equality to all children around the world. Our goal is to distribute 14 million Life Hubs to children's households at no cost to them in developed and underdeveloped nations around the world including the US, EU, Canada, Australia, New Zealand, Colombia, India, South Africa, and MENA.

Implementation methodologies

Through our Initiative "Hub for Every Child", we partner with private corporations, financial institutions, industry groups, education foundations, government organizations, schools, educators, and sports and entertainment personalities and organizations to distribute the world's most advanced youth financial and entrepreneurship education technology to family households around the world including the US, EU, Canada, Australia, New Zealand, Colombia, India, Pakistan, South Africa, and MENA at no cost to them.

Arrangements for Capacity-Building and Technology Transfer

Although financial literacy is one of the most critical social and economic issues of our time, current practices and methodologies being used by schools and industry organizations to educate children financial skills have been largely unsuccessful as studies clearly show - and for many reasons. As examples, providing children with academic (knowledge-based) courses for a few hours over a semester has not proven to make them financially capable. Further, participation in a two-week financial literacy summer camp will not make children financially capable and neither will playing video games or using apps on mobile devices result any meaningful skills development. Instead, practical or experiential learning using tangible objects over many years starting at a young age is crucial to forming positive behaviors that will then result in financially aware and truly capable individuals. In order to ensure children form those positive behaviors, they must also engage with real monetary assets on a daily basis, fail in-a-safe environment and then succeed and that’s precisely raison d’etre underpinning our technology. Life Hub Learning Center is the world’s first home-based fully-integrated computer system, specifically designed to engage and teach children aged 3 to 14 money management, entrepreneurship, and life management skills by empowering them to manage real monetary assets and business projects on a daily and consistent basis so positive behaviors and habits are formed by their teenage years.

Coordination mechanisms/governance structure

We provide unique and progressive educational approaches and experiences for children because we believe that they need to be taught how to think rather than what to think. We believe that within every child lies an inherent potential that needs to be nurtured and cultivated. Providing an engaging way for children to learn how to learn and behave financially and professionally, and consequently instilling a habit of learning, is the cornerstone of the education that we deliver. We’re preparing children for our rapidly changing world by equipping them with critical thinking skills, practical real-world readiness, valuable knowledge, a global perspective, and an understanding and respect for core values. This understanding provides balance to children and empowers them to take charge of their choices and actions and guides them through personal and professional challenges. When they have the education and knowledge and are empowered to act upon it, children grow to exhibit independence, capability, and confidence as brilliant young adults. It's only through effectively educating our children that the future of our world can be impacted and transformed. Our technologies and processes present an opportunity to broaden horizons and facilitate the building of knowledge, skills and responsible behaviors in an effortless, inspirational, and enjoyable manner. We strongly believe that this creates a new realm in education resulting in enjoyable, meaningful and effective learning.

Partner(s)

Wise Initiative, Carlton Academy, Hope Enterprise Corporation
Progress reports
Goal 4
Goal 10
3/2020
1,000,000 Life Hubs in US and UK.
6/2021
2,500,000 Life Hubs in US, EU, Canada, Australia and New Zealand.
6/2022
4,500,000 Life Hubs in US, Canada, Australia, New Zealand, EU, Colombia and South Africa.
6/2023
6,000,000 Life Hubs in US, Canada, Australia, New Zealand, EU, Colombia, South Africa and MENA.
In-kind contribution
Distributions of Life Hubs to households with children at no cost to them.

Basic information
Time-frame: 2020/3 - 2023/6
Partners
Wise Initiative, Carlton Academy, Hope Enterprise Corporation
Countries
Contact information
Kamal Moumneh, CEO, kamal.moumneh@electuseducation.com
United Nations