National Skill Development Corporation (NSDC) has announced the launch of the NSDC Innovations for Skills Challenge 2014 (NISC). Organised at the national level, it is a competition that is aimed at providing innovative skilling enterprises across the country an opportunity to receive funding to the tune of Rs 3 crore.
NISC 2014 will identify and invest in 10 to 15 robust enterprises, which will positively impact and create a multiplier effect in the space of skill development in India.
In addition to the funding, NISC 2014 also provides finalists various non-monetary rewards such as connect to industry experts and business leaders, access to discounted working spaces, a six-month mentorship and national visibility.
Recognising the importance of skill development, NSDC has developed this challenge to encourage organisations with innovative solutions that can provide scale, reduce cost and train & equip the workforce of India at par with industry standards. The first level applications are open till September 24, 2014, after which a list of selected proposals will be released.