News Release: Australian Founded EduTech Startup UDAY secures Ten Year Skills Training Deals with Indian Government.
Imagine the world where the youth of the developing countries are not wasting away their lives but instead using their skills for self-sustenance, where women are independent and have the capability to earn their livelihood, where the rural population does not have to leave their homes in search of employment but instead engage in solving the problem of global food security.
Param Singh, Founder of UDAY - A Vocational Education and Training Organisation, has imagined this, and by 2020 will have expanded in to other countries and have more than 95,000 annual enrolments across six centres of excellence and seven Indian states.
"The world we imagine would only be possible if there is shared prosperity for all. We must act now for inclusive growth for poor segments of our society. With this as the core philosophy of UDAY, we attempt to enhance the lives of 100 million people by 2030”. Said Param Singh, Founder of UDAY.
In 2015 UDAY obtained approval to train 61,046 candidates as part of the National Skill Development Corporation and by 2016 already had 8,000+ learners, established 20 partner centres, empanelled 50+ trainers and commenced working with Indian State Governments. Six Indian States have training agreements including Uttar Pradesh, Punjab, Madhya Pradesh, Haryana, Telangana and Karnataka.
Additionally, UDAY became affiliated with 10 sector skills councils and opened their first Centre of Excellence in Punjab and they are just getting started. The Indian government has made a provision of INR $320 billion for skill development (till FY20) and expects 400 million people to be provided skill enhancement by 2022.
It’s not just India committing to support skill training, with USD $31 billion being allocated by Indonesian Government for updating skillset of its labor population and the Government of Nigeria has designed the N-Power Program, to drastically reduce youth unemployment.
UDAY has trained 8000+ students across 38 job roles and 9 industry sectors including Building and Construction, Capital Goods (Manufacturing), Healthcare, Telecommunications, Tourism & Hospitality, Retail, IT-ITeS, Beauty & Wellness and Apparel.
In mid 2016 Param Singh could see the growth potential of UDAY and that he would need additional support and investment capital to scale his Social Enterprise, that’s when he found Geoff Gourley, Social Entrepreneur and Impact Investor. “We engaged One10 after hearing about their commitment to support and accelerate Social Enterprise; and after meeting Geoff and hearing his passion to make a real impact I immediately felt supported on this journey.” Said Param.
“We started working with UDAY because we were impressed by Param’s huge goal, we too see education and skills training to improve the lives of disadvantaged people including women, youth and those from rural communities.” Said Geoff Gourley, Founder at One10.
Mr Gourley added, “I was impressed by Param and the early traction he was able to secure. I liked the Impact aspect with Entrepreneurship for rural communities a focus with 17% of trainees coming from rural centres, 60% per annum growth the rate of enrolments from youth and Women’s empowerment is growing with 37% of trainees being women.”
UDAY is currently undertaking a Series A Investment Round seeking AUD $4Mil to support their continued rapid expansion and is on track to be an Australian success story in the emerging EduTech space, providing strong cross-nation trade. UDAY is an innovative education and skills training model that’s born in Australia but wowing overseas.
About UDAY
UDAY’s mission is to Empower the weaker sections of the society to rise above their current state and their vision is to Enhance 100 million lives by 2030 whilst co-creating value and superior possibilities.
UDAY is the skills and livelihood brand of AVTEG Private Limited. UDAY cares about this world and works relentlessly to create a lasting impact through its three business verticals: Youth, Women and Farmers.
Their goal is to see self-sustained youth, independent women and progressive farmers. Their purpose is to empower the weaker sections of the society to rise above their current state. With its presence in 5 countries and training agreements with more than 6 Indian states, UDAY has trained 8000+ students across 10 industry sectors and 21 job roles.
You can find out more about UDay here: http://www.udayskills.org
About One10
One10 is a national social enterprise accelerator and social impact consultancy with a mission to harness the power of business for good. We enable change makers and innovators to create meaningful social and environmental impact. One10 provides the expertise, connections and capital necessary to create sustainable and scalable social enterprises.
Investors interested in receiving a copy of the UDay investment memorandum can contact Geoff Gourley via email at investor@oneten.com.au @OneTenTeam
You can find out more about One10 here: http://oneten.com.au/
INTERVIEWS:
Param Singh – Founder, UDay – psingh@udayskills.org
+91 9910 320 246 (India) or +61 423 240 278 (Aust)
Geoff Gourley – Founder, One10 – geoff.gourley@oneten.com.au
+61 428 317 387 @geoffgourley
MEDIA:
Thygan Tobich – Associate, One10 +61 408 779 538
info@oneten.com.au www.oneten.com.au