It's long been known that job experience can rival (or even surpass) formal education for imparting important skills, and recently the UK officially recognized that fact by allowing McDonald's to grant its own qualification to employees.

The fast-food giant is one of just three employers given such power by the UK's Qualifications and Curriculum Authority in January—the others were Flybe and Network Rail—and that month it began piloting a Level 3 'Basic Shift Managers' course for employees that can count toward A-levels or advanced diplomas. The programme, which will be broken into credits, covers everything McDonald's managers need to know for the day-to-day running of a McDonald's restaurant, from basic operational requirements to finance, marketing and HR.

University admissions tutors have reportedly balked at the new program, but ultimately the hope is that courses like it will create a better-skilled workforce. "It is going to be a tough course, but once you have got a qualification in management you can probably go anywhere," Prime Minister Gordon Brown told GMTV. "I think that is the important thing, companies prepared to train people up which they weren't doing before, in the way that we want them to do, in a far greater number, so that people have the qualifications for the future." The government hopes other employers will follow suit. One for other chains to emulate?

Website: www.mcdcareers.co.uk
Contact: mcdcareers@uk.mcd.com

Spotted by: Junaid Kazi

Many organizations donate books of various kinds to developing countries, usually through a few collection centres and a small set of volunteers or employees. A new UK-based group, on the other hand, mobilizes teams of volunteer university students nationwide.

READ International (short for Realizing Education, Achieving Development) has established 11 student-led Book Projects throughout the UK to improve access to education across the world and increase youth participation in the global community. Originally launched in 2003 as "The Tanzania Book Project" by a group of university students, it had already sent 50,000 books and materials to Tanzania secondary schools by 2005. Beginning in 2006, however, the group registered officially as a national charity, won the support of five universities, and now works through a community of student-run READ Book Projects to collect disused, high-quality Key Stage 3 and GCSE textbooks from UK secondary schools.

Student volunteers also give presentations to promote student volunteering, young social enterprise, recycling and global citizenship, and are responsible for fund-raising towards READ Book Project costs through such means as cake sales, sponsored events and local corporate support. Ultimately, the student teams travel to Tanzania to distribute the books. The result: READ Book Projects have donated 148,000 textbooks to 140 Tanzanian secondary schools and five regional libraries. By the end of the 2007-8 academic year, READ aims to deliver 247,500 textbooks to Tanzania through its 11 university projects, which it plans to increase to 20 in the next year and to 27 by 2009-10, for a total of 1.3 million books kept out of UK landfills and put to good use instead.

The group's founders explain: "We have identified our core strength—our relationship with British students. The opportunity to run, rather than work for, a national organization is our success. We see them as leaders, not volunteers. Over the next three years, we will position READ International to capitalize on this unique offering." READ International was named the Best New Charity in the 2007 UK Charity Times Awards, and is planning sister projects in Ecuador, Ghana and Zambia. For anyone involved in projects for the social good, putting student energy and philanthropy to work makes great sense for everyone involved. A model to emulate!

Website: www.readinternational.org.uk
Contact: info@readinternational.org.uk

Spotted by: Shannon Hopkins

BookRenter.com is yet another example of a web start-up leaping into a nightmarish logistics problem to make life easier for its customers. The US venture has amassed a multi-million-volume library of new or near-new textbooks, which it rents out to students at college campuses throughout the country. Rental periods range from one to four months, and the savings for students can reach 75 percent of a book’s retail price. Adopting the increasingly popular ‘Netflix model’, BookRenter offers students convenient delivery options and lets them return books by UPS at no charge. Rental terms can be extended as needed, and students can also decide to buy a book if they’d like to keep it.

Of course, BookRenter must compete with established campus retailers, as well as new ventures that are offering free textbooks sponsored by advertisers (see trendwatching.com’s free love briefing for more on that). Even so, BookRenter appeals to consumers who are happy to rent instead of own, choosing flexibility and savings over ownership. As the company grows, it could also easily add downloadable or online texts to its offerings, and could incorporate web 2.0 features to keep students engaged throughout the academic year. Students might be encouraged to upload their notes about particular titles, for instance, and include comments about their classes. We’ve featured new-style rental services for everything from baby clothes to sports cars. Opportunity? Spot the industry or product that other entrepreneurs have overlooked!

Website: www.bookrenter.com
Contact: www.bookrenter.com/contact_us

Spotted by: Francine Kizner

Peer-to-peer lending is no longer a new concept, with marketplaces like Zopa, Prosper and others already out there, vying for consumers' attention. But while most such sites facilitate general-purpose lending, Fynanz appears to be the first to take a niche approach with a service dedicated to funding student loans.

New York-based Fynanz, which is gearing up to launch in select states within the next quarter, offers students an "open loan" process for financing their education. To apply for a loan, students fill out an application and create a personal profile, including the amount and interest rate desired. Tapping into 15 years' worth of student loan data, Fynanz uses that information to give each student a grade and place them in one of six groups reflecting both their credit score and their academic characteristics, among other things. Individual lenders including friends, family and alumni of the institution the student attends are then given priority as they bid alongside lender networks to fund the loan. The more participants bid on the loan, the lower the winning rate is likely to be, Fynanz says. Servicing fees will be "no more than" what other marketplaces charge, company CEO Chirag Chaman says, but there will be no application fees or hidden costs for borrowers. For lenders, meanwhile, the benefits are attractive returns and the knowledge that they are performing a social good.

Fynanz's platform is built using the same characteristics that traditional lenders use, preserving the legality and distinct tax status of the education loan, Chaman explains. There is also likely to be increasing demand for student loans, he predicts: "I came from the student loan world, and there are some big problems there. Those cracks have turned into huge gaps over the last year, and personally, I think the worst is yet to come. People used to dip into home equity, but that's not there anymore."

The P2P lending market, meanwhile, could grow to between USD 5 billion and USD 10 billion in annual volume within 10 years in the US alone, according to data released this week by Online Banking Report. Is there room for niche players? Time will tell. Keep an eye on this one! (Related: Person-to-person loans for home buyers.)

Website: www.fynanz.com
Contact: customer.care@fynanz.com

Spotted by: Ozgur Alaz

It's no secret that many public schools are underfunded and lack supplies, but the enormity of the problem can easily overwhelm those interested in helping. DonorsChoose.org aims to divide and conquer that challenge with a crowdfunding approach that matches potential donors with specific classroom needs.

Created by a group of Bronx, N.Y., teachers in 2000, DonorsChoose.org is designed to engage everyday citizens in an online marketplace where teachers describe and individuals can fund specific student projects. It begins when teachers submit project proposals for materials or experiences their students need in order to learn. Volunteers at the not-for-profit site screen each project proposal and verify that the teacher and project meet set eligibility requirements. Citizen philanthropists can then fund the student projects of their choice—in whole or in part—and are emailed immediate acknowledgements for tax deduction purposes. DonorsChoose.org purchases the student materials and ships them directly to the school along with a disposable camera; the teacher then photographs the students participating in the project and writes an impact letter to the donor, while students write their own thank-you notes. DonorsChoose.org sends all that feedback to donors who completely funded or contributed at least USD 100 toward the project.

DonorsChoose.org is sustained by an optional fulfilment fee of between 15 percent and 25 percent of the cost of each student project, depending on school need. Ninety percent of donors choose to include the fee, the site says, and the rest is made up by grants and contributions. The site's impact, meanwhile, has been to facilitate the contribution of almost USD 19 million to fund more than 43,000 projects for more than 986,000 students, tapping more than 57,000 donors across all 50 states.

We've already covered crowdfunding models for recording artists, software development and athletic teams, but between DonorsChoose.org and community-focused CrowdFunder, among others, it's becoming clear that the collective spending power of the Internet masses may also be the key to filling in the gaps for chronically cash-poor social services. One to bring to other parts of the world? (Related: Peer-to-peer micro lending.)

Website: www.donorschoose.org
Contact: cbest@donorschoose.org

Spotted by: HL Tay