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VCSD Vocational & Corporate Skills Development. Vision Provide free/subsidized online and classroom training courses to individuals (from a school dropout.

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Presentation on theme: "VCSD Vocational & Corporate Skills Development. Vision Provide free/subsidized online and classroom training courses to individuals (from a school dropout."— Presentation transcript:

1 VCSD Vocational & Corporate Skills Development

2 Vision Provide free/subsidized online and classroom training courses to individuals (from a school dropout to a graduate) to develop vocational and corporate skills needed to meet the growing specialized labor demands of businesses.

3 Landscape Education ◦ $13 billion – Government allocation for education in FY 2013 budget ◦ $60 billion – Total private spend on education in FY 2011  3% of GDP ($1.85 trillion) ◦ $8 billion – Government allocation for education in FY 2011 ◦ $54 billion – Government allocation for education in 5-year plan (2007-11) Connectivity ◦ 15.54 million households with computer/laptops in 2012  7.6 million with internet connection ◦ 13.42 million broadband connections (homes + offices) in 2012 ◦ 45.82 million Facebook users in 2012 ◦ 50 ~ 100 million individual Internet users in 2012 Growth ◦ Population grew about 18% from 2001 to 2011  Expected to continue the same growth pattern ◦ Average economic growth was 7% from 2001 to 2011 ◦ Illiteracy rate was down to 24% by 2012

4 Issues Shortage of skilled labor force ◦ Only 5% of the 400 million labor force has received any formal training ◦ 94 million skilled laborers needed by construction industry alone by 2020 Shortage of well trained graduates ready to work ◦ 500 million needed by 2022 Shortage of teachers ◦ 6 million more needed by 2020 Investment in new infrastructure is slow ◦ Existing facilities not able to accommodate additional students Not much expertise in developing appropriate content and delivering it to students especially in rural areas Big gap in business needs and the available skills

5 Issues High drop-out rates in K-12 segment ◦ Enrollment ratios drop  To 81% from grades 1-5 to grades 6-8  To 31% from grades 6-8 to grades 9-12 ◦ 109 million drop-outs for FY 2011-12 Decline in attendance from 73.4% in 2007 to 70.9% in rural primary schools Vocational Education ◦ 18,000 training centers ◦ 4.5 million student enrolled ◦ 1.8 million annual intake ◦ Additional 40 million seats needed annually

6 Opportunity Provide vocational and corporate training courses to a large underserved population Create employment opportunity for less fortunate and school drop-outs ◦ Increase remote/rural participation Prepare corporate workforce ready for 21 st century business needs Combination of online courses and classroom training requires lesser physical infrastructure and fewer trainers

7 Solution A MOOC (Massive Open Online Courses) model based cloud service offering online courses ◦ Self-paced learning based ◦ Contain slides, audio, videos and multilingual support ◦ Interactive and have quizzes ◦ Accessible from multiple devices e.g. PC, Laptop, Tablet, Smartphone, etc. Small Skill Development Centers (SDC) will be setup ◦ To conduct workshops for courses requiring hands-on training ◦ To be used as learning centers in the areas where students don’t have online access ◦ Will use latest teaching techniques to minimize the need of an instructor ◦ Facilities from local schools / colleges / universities can be utilized

8 Solution Tie-ups can be established with top corporate houses and local businesses ◦ To understand their skill needs ◦ For job placements Courses can be tailored to the needs of the businesses Courses can be offered for free or at subsidized rates to students Initial focus will be to offer vocational training to drop-outs and high school graduates from rural areas Eventually corporate courses will be offered to college graduates to bridge the skill gap

9 Solution What can be done locally ◦ Courses from premium institutes like IITs, IIMs can be made available ◦ New courses can be developed ◦ Content can be developed in accordance with AICTE and MHRD requirements What can be acquired from abroad ◦ Content development knowhow ◦ Online and classroom delivery technologies ◦ Course content acquisition Courses can be tailored for online learning

10 Customers Courses will be offered to anyone interested in learning Initial focus will be to train drop-outs and rural students Courses will be offered for free or at a subsidized rate, making it attractive for students Courses will offer content to develop skills needed by businesses, making the adoption easy

11 Go-to-Market Plan Establish relationship with corporate houses Develop course content ◦ Collaborate with businesses ◦ Acquire content from best sources including foreign institutes Setup Skill Development Centers Create awareness about the offering thru traditional channels and social media Achieve 100% placement thru corporate relationships

12 Technology – Overview PC Based Smart Device Based Classroom Based Content Consumption Content, Infrastructure, Service Web Content Delivery Cloud Open Source Content Digitization Know How Existing Digital Content Classrooms Courseware Content Providers

13 Technology Cloud based service based on MOOC model Content development technology built using open source technology provided by edX Platform agnostic user interface Multimedia enabled content Multilingual support Use of social networks for work collaboration, exam evaluation, etc.

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