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Ennovent Gmbh

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Announcing the Launch of Power to Empower Challenge 2013


Now in its third edition, Power To Empower 2013 will promote innovative and sustainable solutions in the skills ecosystem in India.

Delhi, India, September 19, 2013 --(PR.com)-- Power To Empower (P2E 2013), a national enterprise plan challenge organized by National Skills Development Corporation (NSDC) and India@75 has launched its third edition this week.

Aimed at identifying, selecting and rewarding the best for and non-profit solutions bridging the gap between the supply and demand of skilled labour in India, P2E 2013 invites individuals, groups as well as organizations to apply. The application period runs from September 16, 2013 until December 1, 2013.

The winners and finalists of P2E 2013 will receive national visibility, networking opportunities, passes to high-profile events and capacity building support through access to training courses and renowned experts.

Learn more about the challenge at www.powertoempower.in

Approximately 53% of employers in India say that skills deficiency is one of the key reasons for entry-level vacancies[1]. 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 lead a more prosperous life.

Recognizing this, P2E 2013 encourages entrepreneurs, students, non-profits, corporate as well as enterprises with innovative and scalable solutions to contribute to the development of a sustainable vocational skills ecosystem in India.

Applications for P2E 2013 will be accepted as part of two distinct categories – Idea and Operations. The Idea category will focus only on short ideas with a solution concept, which is only on paper whereas the Operations category will be open to those with an existing for or non-profit solution already in place addressing this issue.

Complete selection criteria for both the Operations and Idea categories can be found on www.powertoempower.in

Ennovent – an organisation, which accelerates innovations for sustainability in low-income markets – is managing P2E 2013 on behalf of NSDC and India@75. In addition, TiE Delhi-NCR is serving as a knowledge and delivery partner for the challenge and National Entrepreneurship Network (NEN) as the key outreach partner. Applications for P2E 2013 are open now until 1 December 2013. For more details visit www.powertoempower.in

About National Skill Development Corporation

The National Skill Development Corporation (NSDC) is a one of its kind, Public Private Partnership in India. It aims to promote skill development by catalyzing creation of large, quality, for-profit vocational institutions. It provides funding to build scalable, for-profit vocational training initiatives. Its mandate is also to enable support systems such as quality assurance, information systems and train the trainer academies either directly or through partnerships. Its objective is to contribute significantly (about 30 per cent) to the overall target of skilling/upskilling 500 million people in India by 2022.

About India@75

India@75 is a grassroots initiative aimed at realizing the dream of an inclusive, sustainable and developed India by the year 2022, when India completes 75 years of Independence. It is a universal vision for India shared by Indians from all geographies and all walks of life. The initiative is incubated and supported by the Confederation Indian Industry (CII).

About Ennovent

Ennovent is an innovation accelerator. We provide services to accelerate for-profit innovations for sustainability in low-income markets in developing countries. We specialise in helping clients discover enterprises with novel solutions, develop business models to start-up enterprises, provide finance by facilitating early-stage investments and grow operations to scale profit and impact. Since 2008, Ennovent has worked with over 4,800 Network members, 15 Circle members and 10 Solution clients to accelerate over 80 innovations in 10 countries.

About TIE Delhi-NCR

The Delhi Chapter is among the largest and most vibrant across the vast TiE network. In the last 12 years, of its existence it has emerged as the forum of choice for startups, serial entrepreneurs, VC and angel investors, policy makers and academia. At the heart of the entrepreneurial ecosystem, TiE Delhi plays the role of an ecosystem builder by bringing in multiple stakeholders and values to align with the common goal to foster entrepreneurship. It boasts of an active membership of 1500 members in the Delhi-NCR region and conducts 60+ events in a year.

Media Contact:
Jayashree Rukhaiyar
Online Community Manager
Email: jayashree.rukhaiyar@ennovent.com
M : +91 9987503715

[1]“Education To Employment: Designing a system that works” by McKinsey & Company - http://www.mckinsey.com/client_service/public_sector/mckinsey_center_for_government/education_to_employment
Contact Information
Ennovent Gmbh
Jayashree Rukhaiyar
+91 9987503715
Contact
www.ennovent.com

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