Applications for the third edition of the Power to Empower Challenge closed earlier this year on January 20th. Designed to promote innovative and sustainable solutions in the skills ecosystem in India, P2E 2013 is India’s first Skills Enterprise Plan Challenge organized by National Skills Development Corporation (NSDC) and [email protected]
This year P2E2013 accepted applications from September 2013 onwards and received over 1000 applications from organisations, students, working individuals, corporate groups and beyond.
The contest was substantially scaled up this year with the support of managing partners Ennovent and TiE Delhi-NCR. As a result, the winners of P2E 2013 stand a chance to receive an INR 1.5 Lakh cash reward for the Idea category and an INR 3.5 Lakh reward for the Operations category from the Muthoot Pappachan Foundation, the CSR arm of the Muthoot Pappachan Group. In addition to the cash rewards, the winners announced next month will also receive access to the high profile Empretec program, an initiative of the United Nations Conference on Trade and Development (UNCTAD) and IBF as well as national visibility through online and media promotion.
While applications for the Idea and Operations category are still under review by an esteemed panel of judges, the winners for the top voted solutions under both categories have already been announced. Under the Operations category, Anbuthambi – an initiative by the government of Tamil Nadu focused on improving the quality of graduates received 4144 votes while ‘Sankha Suvra Mitra’ received 2451 votes and was declared the winner under the Idea category. Each of these winners will be rewarded a cash prize of INR 15,000 as well.
Approximately 53% of employers in India say that skills deficiency is one of the key reasons for entry-level vacancies. Currently, of the 15 million individuals who enter the work force, only 3% undergo vocational training due to limited access to such training opportunities in a fast growing economy. As a result, a majority of India’s population cannot realize the employment opportunities necessary to improve their income and live more prosperous lives.
It is for this reason that NSDC and [email protected] launched P2E – to identify, select and reward the best for or non-profit solutions bridging the gap between the supply and demand of skilled labour in India.
Mr. Dilip Chenoy, CEO and MD of NSDC comments, “Ideas are like seeds, with right nourishment one could bear fruits for generations. Our country never had a dearth of ideas. What’s missing is the right blend of support and guidance. P2E 2013 is one such initiative that will foster creation of self-sustainable business models in the skilling space in India. The competition aims to propel India’s growth story by creating a large pool of industry ready workmen and also catalyse improved livelihood for millions across the country”.
Winners for P2E 2013 will be announced in March 2014 – register to the Ennovent Network to receive regular updates about P2E 2013 and to be the first to receive news about future enterprise Challenges.