power to empower presentation

8/4/2019 Power to Empower Presentation

http://slidepdf.com/reader/full/power-to-empower-presentation 1/18

u y – ecem er



Power to Empower – India’s First Enterprise Skill Plan Competition

1Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2011 NSDC. All Rights Reserved.




. .



4 Organisations have come together to launch this

competition


B – Plan

competition

Process Partner Knowledge Partner



Competition has 4 Key Objectives

Key objectives

Key objectives

Create awareness about business opportunities in the skills space

Encourage You to think of skills as a sustainable and scalable business

opportunity

1

2


Evolve and popularise new business models developed through business plan

competition

Incubate and Seed Fund models which are ready to be launched through financial

assistance

3

4



Participating InstitutionsBusiness Schools Undergrad

colleges

Engineering colleges Sector specific schools

IIM A St Stephen’s IIT Bombay NID

IIM B SRCC IIT Delhi Indian Agriculture Research

IIM C Jamia Milia BITS Pilani Institute of Hotel Mgt.

ISB St Xavier’s IIT Kharagpur MICA

IIM - Kozhikode St Joseph’s IIT Guwahati Gemmological Inst. of India

MDI Christ College NITIE TISS

FMS HR Colle e IIT Chennai

5Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2011 NSDC. All Rights Reserved.Note: List of colleges is indicative and in no particular order

XLRI

IMT

SIBM

TAPMI

Goa Institute of Mgt.

ICFAI

Welingkar Institute of Mgt.

XIM

Nirma Institute of Mgt.

NMIMS



3 Stage Process – with Mentorship Support

The 3 stage evaluation model

Initial Screening of Executive Summaries

Invitation of detailed Plans for screened

Invitation of Executive summaries

Stage 1


entries with Mentorship support

Evaluation and Selection of detailed B-plans

Feedback and Assignment of Mentors to selected plans

Final presentation & Evaluation

Selection of Winners, Support and Funding of ideas

Stage 2

Stage 3



Award Categories

CATEGORY 1 – BEST BUSINESS

PLAN CATEGORY

CATEGORY 2 – NEXT PRACTICE

CATEGORY

Focuses on robustness of

business plan and feasibility of idea

Focuses on an innovative idea that

can be taken to market to become


development

Seed

Funding

SeedFunding +

Incubation

support



Tentative schedule for competition

Stage 1 - Executive SummaryStage 2 – Plan and

mentorship

Stage 3 – Bootcamp

and presentation

• Submission of entries: 31st

August

• Evaluation :

• Mentoring of entries qualifying

from Executive summary

round : Sept 26 – Oct 9

• Mentoring of entries qualifying

from Round 2 : Nov 7 – Nov

20th


31st August - 20 h September

• Announcement of winners :

23rd September

• Submission of entries : Oct 15 h

• Evaluation : Oct 15th – Oct 30th


Nov 2nd

• Boot camp : Nov 21-23

• Presentation to Jury : Nov 23


Nov 23rd



Skills - A Business Opportunity




India has a Rich Demographic dividend ….

22.2

17.0

22.9

25.6

21.3

17.3

0-9

10-19

20-29

1991

India – % distribution of population (1991 - 2021)

Age 2001 2011 2021

19.6

18.7

19.5

15.8

17.1

17.0


13.9

10.2

6.9

4.3

2.1

0.6

13.3

9.4

6.3

4.2

1.8

0.8

30-39

40-49

50-59

60-69

70-79

80+

14.4

11.6

8.2

5.0

2.4

0.8

15.7

12.6

10.1

6.9

3.5

1.3

Source: United Nations Government Census



…. However plagued by inadequate skilled manpower

High rates of drop outs in the education space Very low enrolments for VET1 3


Employability of the skilled a challenge

Only one in four engineering graduates in IndiaIs employable, based on their technical skills,English fluency, teamwork and presentation

skills and of the 4 lakh odd engineeringgraduates, who graduate each year, only about

20% is good enough for India Inc.- NASSCOM

2In service training levels very low in India

4

Skilling getting

a major policy

thrust



Estimated Skill Gap of 240Mn across 21 key sectors

12Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2011 NSDC. All Rights Reserved.Source: IMacs Study



The current landscape in India needs drastic capacity

addition to meet future demand

Current capacity in skill development under variousschemes, 2008-09

Eight-fold increase in capacity is requiredto meet aspiration

1.8

0.8

Ministry of agriculture 0.2

Ministry of women &

child development

0.2

MHRD

MLE 1.30.5

Addition to workforce

@ 12.8 million per year 192

Total supply by 2022

@ current capacity65+

8x

13Proprietary and confidential. This information does not represent and should not be construed as, legal or professional advice. © 2011 NSDC. All Rights Reserved. 13

Privately owned ITCs

*Includes ministry of housing and urban poverty alleviation, textile, health and family welfare, food processing industries, and others

**Assuming that the existing workforce in the age group of 45-59 will not be re-skilled

***Assuming training fee of Rs 2000 per student for the total demand estimatedSource: 11th five year plan; NCEUS report; McKinsey analysis

Total capacity in

skill development 4.3+

Other privatetraining providers

XX

Other ministries* 0.3

MSME 0.2

Ministry of rural

development0.2

Total demand by 2022 526

Reduction due to

ageing/ retirement**80

Reskilling / upskilling

of 90% of existing

workforce (460 million)

414

Business opportunity of ~ 1 Lakh Cr*** , 20 Bn USD



Industry is at a nascent stage with very few players of scale

Leaders (e.g. NIIT) Aspirants (e.g. India Can)

Boutique firms

(e.g. Redwood Edge)

• Top players which control~ 50-60 % of market

• Wide geographic reach,healthy range of courses

offered, typically acrossindustries

• Companies with wantingto scale existingoperations

• Current focus on

particular sectors

• Largely individualdependent

• Looking for opportunitiesto expand


• Strong connect withindustry for placements

Huge demand for a brand of credibility and repute in this space



However, space seeing hectic activityProfile of NSDC funded organizations

Training providers


education

business

In unrelated

businesses

Start upsLarge established

corporates

Technable

GOLS



The Indian context makes a foray into this space Very

attractive!!

Industry Potential

Current capacity

Rs 1 Lakh Cr

Current

4.3Mn;

Need to increase 8x

Implications for players

• Rapid growth

• Opportunities across all spaces

•

+

+


Structure of industry

Examples of

business models

Regulations

Investment climate

Limited in India

Unregulated

High focus

Few large players

• First mover advantage

• Limited examples of successful business models in India

• Globally models of scale have been seen

• Allows a player to participate on their own terms

• Both government and private equity money chasing this space

+

–

+

=

+



Thank You!


power to empower presentation

Documents