“A young population is an asset only if it is educated, skilled and finds productive employment,” noted Indian Prime Minister, Manmohan Singh. “If this were to happen, our objective of realizing India’s potential to grow at 10% or more per annum for substantial period of time can become a reality.”
Echoing the Prime Minister’s point are many employers. Accordingly to a McKinsey study, approximately 53% of Indian employers note that skill deficiencies are a major reason for the entry-level vacancies.
What is the Power to Empower Challenge?
While the Indian government is undoubtedly taking steps to improve skills development for India’s future, additional support is required to ensure widespread impact. The 2013 Power to Empower challenge, with managing partner support from Ennovent, is an important part of this – and looks forward to celebrating the work of entrepreneurs, students and others promoting skills development for India’s long-term growth. It aims to identify, select and reward the best solutions bridging the gap between the supply and demand of skilled labor in India, thus making the youth employable.. This dynamic challenge encourages students, entrepreneurs and beyond to take advantage of the opportunities in the skills development sector.
How to participate?
This year Power to Empower has two categories for which applications will be accepted, starting from September 16, 2013. The first category is ‘Operations’, for ideas which are being executed on the ground. The second category is ‘Idea’, for ideas related to skill development, which are just ‘on paper’ at the current time. Each category will have one winner and three finalists. Both of these winners will receive national visibility including online and media promotion for their initiative or idea. In addition, winners and finalists will have extensive networking and capacity building opportunities with business service providers, investors and sector experts.
Click here to apply, nominate and know more about the Power to Empower 2013 Challenge.
The above article has been adapted from our Partner TiE-Delhi NCR.