What is the primary problem FOEVR is trying to solve?

According to Slide 2, FOEVR addresses 'The Underlying Causes' of poor educational outcomes: excessive learning material in short timeframes, lack of meaningful assessment, poorly equipped labs, and teachers who are not well-versed in technological trends. They argue the current approach to teaching fundamental sciences is 'totally wrong' and fails to produce necessary results for the modern labor market.

How does the company define its target market?

Slide 5 breaks down the market starting with 350 million K-12 students globally. They narrow this to 160 million who underperform in science, then to a Total Addressable Market (TAM) of 100 million students in grades 5 through 13. Their Serviceable Addressable Market (SAM) is 10 million children from higher-income families with parents from Gen X or mid-millennial cohorts.

What is the current state of the FOEVR product?

Based on Slide 7, the product is in the pre-prototype stage. The funding ask of €250,000 is specifically designated to 'Develop a prototype of the educational design' and 'Conduct a pilot program.' The deck defines what VR is on Slide 4, suggesting that the technology has not yet been integrated into a functional tool.

Who are the key people behind FOEVR?

Slide 6 lists Miroslav Konstantinovic as CEO, a former teacher who has been 'learning by myself about running a business.' Manjunath Patil is the CMO/CSO, bringing three years of experience as a Marketing Analyst at Oracle India. The technical leadership (CTO) is currently an unfilled role, with the deck listing requirements for Unreal or Unity engine experience.

What are the specific goals for the €250,000 investment?

As stated on Slide 7, the funds are for prototype development, pilot programs, and organizing education events to attract VR influencers. Additionally, the capital will be used to hire external education professionals, generate leads through conferences and media, and navigate 'long sales cycles' within the education sector.

FOEVR Pitch Deck (2017): 14-Slide Seed Deck

See all 14 slides of the FOEVR pitch deck — a 2017 deck in EdTech — with a slide-by-slide teardown of what the deck does well and where it falls short.

FOEVR presents a vision for 'Fundamental Online Education' delivered via Virtual Reality (VR), targeting a perceived failure in how mathematics and natural sciences are taught globally. The deck, dated 2017, identifies a massive potential market of 350 million K-12 students, narrowing its focus to 10 million students from higher-income families. While the problem statement is comprehensive, the deck lacks a functional product demonstration, relying instead on definitions of VR and interdisciplinary learning. The team consists of a CEO with a teaching background and a CMO with marketing experi…

Key takeaways

The company defines FOEVR as 'Fundamental Online Education' through 'Virtual Reality' (Slide 4).
FOEVR identifies a total market of 350 million K-12 students, with a Serviceable Obtainable Market (SAM) of 10 million kids from higher-income families (Slide 5).
The deck claims that 45% of students (160 million) underperform in math and natural sciences (Slide 5).
The funding ask is exactly €250,000, intended to fund milestones 3 and 4, including prototype development (Slide 7).
The CTO position is currently vacant, described as a 'question mark' requiring a software engineer or 3D app developer (Slide 6).
CEO Miroslav Konstantinovic cites 30 years of watching ICT technology and being a primary school teacher as core qualifications (Slide 6).
The deck omits a clear business model, pricing strategy, or competitive landscape analysis.
The solution relies on an 'interdisciplinary approach' to solve complex problems like prosthesis design using multiple sciences simultaneously (Slide 4).

FOEVR Pitch Deck Analysis

The FOEVR pitch deck, dated 2017, represents an early-stage attempt to capitalize on the intersection of Virtual Reality and K-12 education. The deck is primarily conceptual, focusing on the pedagogical failures of the current system and proposing a VR-based solution. It lacks the typical traction metrics found in later-stage decks, functioning instead as a seed-level proposal for a company that has yet to build its core technology.

Slide 1: Title Slide

The cover slide introduces the company name, FOEVR, accompanied by the tagline "A Dawn Of A New Age In Education." The logo features an infinity symbol, and the slide includes a 2017 copyright notice. The design is minimalist, using a light grid background that persists throughout the deck.

Slide 2: The Underlying Causes

This slide serves as the problem statement. It lists five bullet points identifying why current science education is failing. Key points include:

Too much material in too little time. · Assessments that do not correlate with labor-market demand. · School labs that lack the equipment to show real-world models or microscopic phenomena. · Teachers who are not well-versed in technological trends. · An overall approach to teaching sciences that is "totally wrong."

The slide establishes a broad, systemic problem but does not provide external data or citations to support these specific claims, relying instead on the founder's observations of the educational landscape.

Slide 3: F.O.E. VR

This is a transition slide that introduces the acronym for the company. It stands for "Fundamental Online Education" combined with "VR" (Virtual Reality). The slide is visually sparse, containing only the large text and the company logo.

Slide 4: What Exactly Does These Mean?

This slide defines the company's core pillars. It explains that "Fundamental Online Education" focuses on mathematics, physics, chemistry, and biology. It introduces the "Interdisciplinary (multidisciplinary) approach," using the example of designing a prosthesis, which requires engineering, physics, chemistry, biology, and medicine. Finally, it provides a dictionary-style definition of Virtual Reality, describing it as a "computer generated three-dimensional environment" requiring "special electronic equipment, such as a helmet or goggles." The inclusion of a basic definition of VR suggests the deck was intended for an audience that might not be familiar with the technology in 2017.

Slide 5: Overall Market Potential

FOEVR uses a nested circle diagram to illustrate their market sizing. The figures quoted are as follows:

Total Market: 350 million enrolled K-12 kids globally. · Underperforming Segment: 160 million kids (45% of the total) who underperform in math and natural sciences. · TAM: 100 million kids between 5th and 12th/13th grade. · SAM: 10 million kids from higher-income families.

The slide notes that the target geography includes the US, Canada, Australia, UK, Ex-Yugoslavian, and EU countries. It specifically targets parents from "Generation X through mid-millennials" who are "too busy earning money" to help their children with science studies.

Slide 6: Team

The team slide features two confirmed members and one vacancy:

Miroslav Konstantinovic (CEO): A Professor of Mathematics and Physics in primary school. His bio mentions he has been "watching and learning about ICT technology for 30 years" and is self-taught in business management. · Manjunath Patil (CMO/CSO): Holds a Bachelor in Communication and Electronics Engineering. He worked at Oracle India Pvt Ltd for 3 years as a Marketing Analyst and has experience in other IT sales departments. · CTO (Question Mark): This position is listed as a vacancy. The deck specifies they are looking for a Software Engineer with VR knowledge or a 3D app developer experienced in Unreal or Unity engines.

The lack of a technical co-founder in a VR-focused startup is a significant detail revealed on this slide.

Slide 7: The Ask

The final slide in this set outlines the funding requirement. FOEVR is seeking €250,000 to meet their "3rd and 4th milestone." The funds are allocated for:

Developing a prototype of the educational design. · Conducting a pilot program to find "solution-market fit." · Organizing education events to engage VR influencers. · Hiring external education professionals to act as "evangelists and ambassadors." · Lead generation through conferences and education fairs. · Navigating "long sales cycles."

The ask confirms that the company is currently in the pre-product stage, as the primary use of funds is the creation of a prototype.

What Works in This Deck

The deck clearly identifies a specific niche: the failure of traditional science education and the potential for VR to bridge the gap between abstract principles and real-world application. The market sizing on Slide 5 is logical, moving from a massive global figure to a more realistic target of 10 million high-income families. By focusing on "fundamental sciences" (Slide 4), the company avoids the trap of trying to teach everything at once, instead focusing on subjects where 3D visualization is most beneficial.

What is Missing

The most glaring omission is a functional prototype or even mockups of the software. For a VR company, visual proof of the "interdisciplinary approach" is essential. Furthermore, the deck lacks a business model. There is no mention of how much the service will cost, whether it is a subscription or a one-time purchase, or if they are selling to schools (B2B) or directly to parents (B2C), although Slide 5 hints at the latter. The competitive landscape is also entirely absent; there is no mention of other VR education platforms or traditional digital learning tools like Khan Academy. Finally, the absence of a CTO is a major risk factor for a technology-heavy pitch.

Founder Takeaways

Founders can learn from FOEVR's attempt to quantify a qualitative problem. The breakdown of why science education fails (Slide 2) is a strong way to build a narrative. However, this deck serves as a cautionary tale regarding technical readiness. If your product relies on high-end software like VR, you must have a technical lead on the team slide, not a question mark. Additionally, when asking for a specific sum like €250,000, it is helpful to provide a more detailed breakdown of the "milestones" mentioned on Slide 7 so investors know exactly what their capital is buying.

Frequently asked questions

What is the primary problem FOEVR is trying to solve?: According to Slide 2, FOEVR addresses 'The Underlying Causes' of poor educational outcomes: excessive learning material in short timeframes, lack of meaningful assessment, poorly equipped labs, and teachers who are not well-versed in technological trends. They argue the current approach to teaching fundamental sciences is 'totally wrong' and fails to produce necessary results for the modern labor market.
How does the company define its target market?: Slide 5 breaks down the market starting with 350 million K-12 students globally. They narrow this to 160 million who underperform in science, then to a Total Addressable Market (TAM) of 100 million students in grades 5 through 13. Their Serviceable Addressable Market (SAM) is 10 million children from higher-income families with parents from Gen X or mid-millennial cohorts.
What is the current state of the FOEVR product?: Based on Slide 7, the product is in the pre-prototype stage. The funding ask of €250,000 is specifically designated to 'Develop a prototype of the educational design' and 'Conduct a pilot program.' The deck defines what VR is on Slide 4, suggesting that the technology has not yet been integrated into a functional tool.
Who are the key people behind FOEVR?: Slide 6 lists Miroslav Konstantinovic as CEO, a former teacher who has been 'learning by myself about running a business.' Manjunath Patil is the CMO/CSO, bringing three years of experience as a Marketing Analyst at Oracle India. The technical leadership (CTO) is currently an unfilled role, with the deck listing requirements for Unreal or Unity engine experience.
What are the specific goals for the €250,000 investment?: As stated on Slide 7, the funds are for prototype development, pilot programs, and organizing education events to attract VR influencers. Additionally, the capital will be used to hire external education professionals, generate leads through conferences and media, and navigate 'long sales cycles' within the education sector.

Cover slide of the FOEVR pitch deck — Seed / Pre-Prototype 2017 — FOEVR pitch deck, slide 1 (2017)

FOEVR pitch deck: the facts

Company: FOEVR
Year: 2017
Stage: Seed / Pre-Prototype
Slides: 14
Sector: EdTech / Virtual Reality
Deck type: Pitch Deck
Headquarters: Not stated (indicates EU/Global focus)

FOEVR pitch deck PDF

The full FOEVR deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the FOEVR pitch deck was used for

FOEVR is a North Macedonia–based EdTech startup that develops **virtual reality learning experiences for mathematics and natural sciences** for K‑12 students, branded as “Fundamental Online Education in VR.” The 14‑slide pitch deck from 2017 is a **seed / pre‑prototype** presentation seeking **€250,000** to build and deploy its VR science education platform and content library. It positions FOEVR as a solution to poor science outcomes caused by outdated teaching methods, insufficient school laboratories, and lack of exposure to real‑world STEM applications, using interdisciplinary VR modules and school partnerships. The go‑to‑market strategy emphasizes B2B2C subscriptions sold to schools, supported by Erasmus+ partnerships and collaborations with hardware providers such as Samsung Gear VR and local mobile phone distributors.

Business model: B2B2C, subscription-based VR science education content and services for primary and secondary schools.

Round: Seed / Pre‑Prototype
Year: 2017
Founded: January 2017
Founders: Miroslav Konstantinovic
Headquarters: Skopje, North Macedonia
Industry: EdTech, Virtual Reality-based STEM education for primary and secondary schools.

Raising: €250,000 seed funding requested in the 2017 pre‑prototype pitch deck.

Use of funds as presented: Development of FOEVR’s VR science education platform and content, and execution of its B2B2C go‑to‑market strategy targeting primary and secondary schools.

What the FOEVR deck got right

Focused mission on STEM learning outcomes. The deck presents a **clear, mission-driven focus** on improving mathematics and natural science education outcomes via immersive VR, explicitly naming physics, chemistry, biology, and mathematics as target subjects and aligning them with labor market demands.
Compelling articulation of systemic education problems. The problem slide articulates several **systemic issues** in science education—overloaded curricula, assessments not correlated with labor market needs, poorly equipped school labs, and teachers not versed in technological trends—creating a strong rationale for intervention.
Multi-channel B2B2C subscription and partnership strategy. FOEVR proposes a **B2B2C, subscription-based model** combined with strategic partnerships (Erasmus+, hardware vendors, media, social channels, crowdfunding), indicating an awareness of multiple distribution and lead generation channels beyond simple direct sales.
Relevant domain and technical expertise on founding team. The team slide highlights **founder expertise in mathematics, physics, software engineering, and VR/3D app development**, aligning technical and pedagogical capabilities with the product vision for VR science education.
Distinct branding and interdisciplinary educational positioning. Branding the company as **FOEVR (Fundamental Online Education in VR)** and emphasizing interdisciplinary learning provides a **memorable identity** and conceptual hook that ties together fundamental sciences and virtual reality.
Concrete, diversified lead generation plan. The go‑to‑market slide outlines **specific lead generation channels** such as Erasmus+ strategic partnerships, EdTech events, radio/TV talks, social media, and crowdfunding platforms, suggesting proactive outreach outside traditional school procurement paths.

What could have been stronger

Problem framing is qualitative and under-quantified. The deck identifies broad systemic issues in science education (too much material, poor assessment alignment, inadequate labs, teachers not versed in technology) but provides **limited quantitative evidence** (e.g., specific dropout/grade statistics or market data) to substantiate the magnitude of the problem or link it directly to FOEVR’s proposed solution.
Hardware and partnership strategy is aspirational, not evidenced. While FOEVR’s business model slide references **horizontal integration with hardware and VR application providers such as Samsung and local cell phone suppliers**, the deck does not indicate any **existing signed agreements, pilots, or letters of intent**, leaving uncertainty around the feasibility and timeline of these partnerships.
Business model lacks financial detail and unit economics. The deck describes FOEVR as a **subscription-based B2B2C ‘Blue Ocean’ strategy** but does not present **pricing, unit economics, or financial projections**, making it hard to assess revenue scalability, payback periods, or funding runway needs beyond the headline €250,000 raise.
Team slide does not clearly demonstrate scaled EdTech execution. Although the team slide lists competencies in mathematics, physics, software engineering, and VR development, the text is partially garbled and does not cleanly articulate **prior startup experience, EdTech deployments, or large-scale implementations** that would de-risk execution for institutional education customers.
Limited discussion of school implementation and operational constraints. The pitch emphasizes VR labs and immersive experiences in schools but does not address **practical constraints** such as device procurement budgets, ongoing maintenance, teacher training workload, or content localization, which are central to adoption in public school systems.

How an investor would read this deck

What draws attention

Clarify whether the **€250,000 seed round** was ever closed, partially raised, or abandoned, and what milestones were achieved since the 2017 presentation.
Understand FOEVR’s **current product status** (prototype, pilot, paying customers) and whether the original VR science modules were built and tested with schools.
Validate the **partnership claims** (Samsung Gear VR, local mobile suppliers, Erasmus+ collaborations) and whether any formal agreements or funded projects exist beyond conceptual plans.
Assess FOEVR’s **regulatory and curriculum alignment** in North Macedonia and other target markets, including how VR modules map onto national science standards.
Evaluate the **technical architecture and content pipeline**—how VR experiences are produced, updated, and integrated with school IT environments.

Risks that stand out

The absence of publicly verifiable funding announcements or investor records suggests **potential fundraising difficulty**, which may indicate challenges in market traction or execution.
Dependence on VR hardware in school environments increases exposure to **budget constraints, hardware obsolescence, and logistical barriers**, which are not deeply addressed in the deck.
If partnerships with Erasmus+ and hardware suppliers remain conceptual, FOEVR risks **overestimating distribution reach** and underestimating the time required to secure institutional contracts.
The EdTech VR space is competitive, with many players offering immersive science content; without clear differentiation or IP protection, FOEVR may face **intense competition** for limited school budgets.
Implementation in public education systems often requires multi-year curriculum and procurement approvals; FOEVR’s deck does not articulate a **long sales cycle strategy**, increasing go‑to‑market risk.

Questions this deck invites

Has FOEVR successfully raised any external capital since the 2017 deck, and if so, from whom and in what amounts?
What concrete pilots or paid deployments have FOEVR completed with primary or secondary schools, and what were the measured learning outcomes (e.g., test scores, engagement metrics)?
Are there any signed or documented **partnerships with hardware vendors (e.g., Samsung) or Erasmus+ projects**, and what revenue or distribution rights arise from them?
How does FOEVR price its subscription offering for schools, what is the average contract size, and what are the gross margin and customer acquisition cost assumptions?
What is the current team composition, including VR engineers, education specialists, and sales personnel, and how does this compare to the capabilities described in the 2017 deck?

What founders can take from the FOEVR deck

Clearly connecting **macro-level education problems** (like misaligned assessments and outdated labs) to a specific, measurable solution helps frame the opportunity, but investors will expect supporting data and case studies.
Positioning an EdTech product as **B2B2C with subscription revenue** is appealing, yet it must be backed up by concrete pricing, financial projections, and unit economics to be credible in a seed deck.
Ambitious partnership strategies with large hardware vendors (e.g., Samsung) can make a deck compelling, but they need **evidence of progress** such as pilots, MOUs, or Erasmus+ project participation to avoid appearing speculative.
A founder profile that combines **deep subject-matter expertise in mathematics and physics with VR development skills** can strengthen the narrative for a science education startup, especially at pre‑prototype stage.
For school‑focused VR solutions, addressing **implementation realities**—device procurement, teacher training, curriculum alignment, and long sales cycles—is essential to reassure investors that the go‑to‑market plan is executable.
Early-stage EdTech decks benefit from **clear differentiation** versus other VR education platforms (content depth, pedagogy, geography, language), which FOEVR hints at through its focus on fundamental sciences but could articulate more explicitly.

FOEVR pitch deck: common questions

What is FOEVR and what does the name stand for?

FOEVR is an EdTech startup focused on **virtual reality-based science and mathematics education** for K‑12 students, aiming to improve learning outcomes in physics, chemistry, biology, and math through immersive, interdisciplinary VR experiences. The name stands for **Fundamental Online Education in VR**.

How much funding was FOEVR trying to raise in the 2017 pitch deck, and for what purpose?

According to the 2017 pitch deck, FOEVR was seeking **€250,000 in seed funding** for a pre‑prototype stage product. The funds were intended to build the core VR content library, develop platform capabilities, and execute their B2B2C go‑to‑market strategy targeting schools and educational institutions.

Who is FOEVR’s target customer according to the pitch deck?

FOEVR targets **primary and secondary schools** (K‑12) as institutional customers, and students as end‑users. The deck describes a B2B2C subscription model, with schools subscribing to FOEVR’s VR modules so pupils can access interactive science content via devices like Samsung Gear VR.

What business model and go-to-market strategy does FOEVR present in the deck?

The deck outlines a **B2B2C subscription-based model** combined with strategic partnerships. Revenue would come from school subscriptions, supported by Erasmus+ partnerships, collaborations with hardware providers (e.g., Samsung Gear VR and local Samsung Note/Galaxy suppliers), and lead generation via EdTech events, media, social channels, and crowdfunding platforms.

Did FOEVR close the seed round described in the 2017 pitch deck?

Publicly available profiles show FOEVR operating as a **startup based in Skopje, North Macedonia**, focused on VR STEM education. However, there are **no accessible records of completed funding rounds, announced investors, or later-stage financings**, so it is unclear whether the €250,000 seed round described in the 2017 deck was successfully closed.

Sources

Funding and outcome facts on this page were researched on 2026-08-22 from the pages below.

FOEVR pitch deck slides

FOEVR pitch deck slide 1 of 14 — FOEVR pitch deck — slide 1 of 14

FOEVR pitch deck slide 2 of 14 — FOEVR pitch deck — slide 2 of 14

FOEVR pitch deck slide 3 of 14 — FOEVR pitch deck — slide 3 of 14

FOEVR pitch deck slide 4 of 14 — FOEVR pitch deck — slide 4 of 14

FOEVR pitch deck slide 5 of 14 — FOEVR pitch deck — slide 5 of 14

FOEVR pitch deck slide 6 of 14 — FOEVR pitch deck — slide 6 of 14

What each slide of the FOEVR pitch deck says

Slide 2

Slide 3

The Underlying *OA Causes: + Too much learning material in a very short period of time + No meaningful assessment to test the pupils' performance for mathematics and natural sciences, i.e. the assessments are not in co-relation to the current labor-marketplace demand * The school labs are not equipped well enough to show the pupils the real-world models of the phenomena and explain well the abstract principles being taught in the schools, especially if these rules exist in microscopic realm * The teachers that educate inn these sciences are not well versed in current or future technological trends * The overall approach to teaching, especially the above-mentioned sciences, is totally wrong,…

Slide 6

Fundamen tal With Online Interdisciplina Education ry Approach In =\firtual

Slide 10

Business model B2B2C Subscription-based = "Blue Ocean" Strategy Hybrid of top-down and bottom-up strategies Horizontal integration with hardware and VR application providers = Samsung for their Gear VR goggles = Local cell phone suppliers for Samsung Note or Galaxy series to use with Gear VR FOEVR Go-to Market Strategic partnerships through Erasmus+ program Lead generation through EdTech events and conferences Lead generation via radio and television talks Lead generation through social media and marketing channels Crowdfunding platforms 2017 © All Rights Reserved

Slide 11

o4 FOEVR Miroslav Konstantinovic, Manjunath Patil, Gk CEO CMO/CSO 0 * Professor of « Bachelorin + Software Engineer with Mathematics and Communication and knowledge in virtual Physics in primary Electronics Engineering reality school » Worked for Oracle » Or 3D app developer » Watching and learning India Pvt Ltd for 3 with knowledge and about ICT technology years as a Marketing experience in Unreal for 30 years Analyst Game Engine Learning by myself * Also, worked in number « Or 3D app developer about running a of other IT companies with knowledge and 2017 © Allfiights Technologies software Reserved

Slide text above is read directly from the FOEVR deck PDF embedded on this page.

Related fundraising guides (24)

Decks from the same year (1)

2017 pitch deck examples

Browse companies alphabetically (1)

Pitch decks from companies starting with F

More pitch deck teardowns (16)

Recently published pitch deck teardowns (12)

Fundraising library · Pitch deck examples · Investor directory · Founder database