Ennovent Weekly Roundup 4.10.13

As you may already know, earlier in September we launched the Power to Empower 2013 Challenge that focuses on finding solutions that bridge the supply and demand gap for skill development in India. This week while I was researching the top stories from around India to share with you all, I don’t know if it was selection bias – the tendency to notice the things you are currently working on/have bought more than usual – in play but we have for you four top stories that all focus on skill development this week. I hope you enjoy this week’s picks and look forward to you dropping by again next Friday for next week’s reads.

 

 

1. India can be the world’s skills hub, HRD Minister

Speaking at the Confederation of Indian Industry (CII)’s human resource summit, HRD minister M M Pallam Raju said that the greatest challenge for the nation is to make its large workforce more employable. He pointed out that of the 4 lakh engineering students who graduated every year, only 20 per cent are employable. Raju lamented that despite rapid growth over the last decade, there has not been a substantial creation of new jobs. He added that this was a cause for concern as nearly 12 million people would join the workforce every year. Raju says the current economic downturn is a good time to focus on skill development and increase productivity. Read the full story here

 

2. EDI to train 10,000 northeastern youths in business skills

The Entrepreneurship Development Institute of India (EDI) has signed a memorandum of understanding (MoU) with the Meghalaya government’s State Institute of Rural Development (SIRD) to give training to 10,000 potential entrepreneurs of the north-eastern region over the next three years.”Efforts will be made to develop in them through proper training and counselling, a mindset to make start-ups successful,” said Project Director, S. B. Sarren. The EDI will soon undertake a survey of local opportunities for enterprise creation. On the basis of the survey’s findings, a master plan will be readied and trainees would be trained to succeed in pre-identified areas. Read the full article here.

 

3. Babajob wants to touch the lives of 100 million blue-collar workers in the next 10 years

Solutions for BoP customers adopt solutions from mainstream businesses though the problem may not be the same. Sean Blagsvedt did something similar when founded Babajob.com, an informal employment exchange solution provider, also known as the LinkedIn for the poor. Babajob’s motto is “Better jobs for everyone” and have extended their focus beyond poor people; now provide their service to entry level and senior jobs. Babajob thinks big. Their goal is to empower more and more poor and considering the scale of the problem and the scale of their activities they are doing it right. Read about their future plans here.

 

4. iStar is creating star employees by training new graduates with no experience

As with every good start-up, iStar was born from an important need: make education functional towards the need of the society “Our education system is completely outdated. What we study at school does not have any connection with reality, while our society is changing so fast. That’s why we decided to start this initiative,” says Sreeraman Vaidyanathan, co-founder of iStar. iStar is a fast growing social enterprise and they don’t want to stop their growth “Our goal in the next 10 years is to impact 100,000 people”. Read their startup story here.

 

Do you have an idea or solution to bridge India’s supply-demand gap of skilled labour? Learn more about the Power to Empower 2013 Challenge and consider applying or nominating now!

 

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