NITN | @notintownlive | 02 Mar 2022, 05:56 am
Bengaluru: India’s skilling, assessment and job platform HireMee has made it to the list of five finalists of the $5Mn XPRIZE Rapid Reskilling competition -- the sole non-US firm to make it to the prestigious global list.
XPRIZE, the world’s leader in designing and operating incentive competitions to solve humanity’s grand challenges announced the five finalists of the three-year competition which reimagines the future of work and how workers are educated and trained.
The competition incentivizes teams to develop and demonstrate the effectiveness of rapid training and reskilling solutions for individuals most vulnerable to employment loss.
HireMee competed in round two by deploying its solution to quickly reskill under-resourced workers. Judges evaluated all testing data, to move five teams forward as finalists choosing them because of their reduced training time, and higher job placement rate, and retention rate.
HireMee is now spinning off Isotonik Solutions as a US company with Chocko Valliappa, Mr. Tom Dretler and Mr. Shirish Pareek as co-founders.
“We are excited to see how the five finalist teams in this competition have tackled the challenge of closing the skills gaps,” said XPRIZE CEO, Anousheh Ansari. “The trainings offered are empowering workers and increasing accessibility to full-time, living wage jobs; radically changing lives and bringing abundance for all. The finalists are reimagining job training and career development; leveraging AI, VR, and disruptive technologies and their efforts are paramount in demonstrating the value of fast-paced training programs.”
The five finalist teams that exceeded all expectations are Alelo, Los Angeles; Dignified Work, formerly Dignity of Work, Spokane; Team Isotonic, formerly HireMee, Bengaluru; SHIFA360, San Diego; and VITAL, Boston, Massachusetts. A milestone award of $1,500,000 will be shared equally between these teams whose solutions received the highest scores from the Judging Panel for successful implementation of their solution.
Isotonik Solutions, USA as a spun off entity from HireMee will deploy its wide-ranging global experience to build new, replicable pathways to rapidly reskill American workers in the final round of the XPRIZE competition.
According to Chocko Valliappa, Founder of HireMee, “Team HireMee is proud of this prestigious honour earned while deploying our proven strengths in using digital technology on an unmatched scale to enable the future of work. We hope to contribute significantly by solving the critical challenge of Rapid Reskilling. HireMee will continue to provide the technology spine for Team Isotonik, as a continuation of its journey towards enabling jobs to millions around the world.”
“Team Isotonik is excited at the opportunity to optimize our ideas on a much larger scale in Healthcare, Advanced Manufacturing and Administration as we strive to exceed our execution abilities in skill-building,” says Shirish Pareek, Isotonik co-founder based in Maryland, USA.
“As a finalist team, Isotonik is gearing up to deliver superior outcomes by training at least 5,000 individuals in three different occupations in three different industries and placing them into relevant jobs in the coming months,” adds Tom Dretler, Massachusetts, USA based Isotonik co-founder.
“We hoped teams would increase job training by 50 per cent. But so far their solutions have increased training by 87 per cent, with another round of testing to optimize their ideas,” said Dr. Monique Golden, Social Science Lead for XPRIZE Rapid Reskilling.
As a finalist HireMee is challenged to achieve an exponential increase in results by training at least 5,000 individuals in three different occupations in three different industries and placing them into relevant jobs and will test its solution from May to August, with judges set to review the data later this year.
XPRIZE Rapid Reskilling is powered by New Profit, a venture philanthropy organization, as part of the Future of Work Grand Challenge which aims to achieve broader systemic change to help prepare 12 million Americans from underinvested communities for workforce success by 2025.
The Grand Challenge is made possible by Strada Education Network, Annie E. Casey Foundation, Comcast NBCUniversal, Goodwill, JPMorgan Chase & Co., Schultz Family Foundation, and many others.
The initiative also brings together a consortium of design and operating partners driving positive change in workforce development including JFF, Accenture, Brandeis University, Education Design Lab, Goodwill Industries International, and Jobcase.
- Eighty students attend interactive session titled 'Connecting Hearts and Minds' in Mumbai-based institution
- Srijit Mukherji, Swastika Mukherjee launch author Soma Bose's second book 'I’ve Had Enough of You'
- PE firm TA Associates' strategic investment in Vee Healthtek
- Alive India and ITC Aashirvaad Svasti Milk releases Chhath Puja anthem
- Kolkata: Rotary hosts World Polio Day with students in Gyan Manch
- Alive India in Concert celebrates 10th season with Sunidhi Chauhan's performance in Bengaluru
- Narayan, Narayan: Why Jeevan is bigger than Sean Connery as James Bond
- New York teen sensation Urjani De shines at New York Puja Association's Cultural Programme 2024
- Sunidhi Chauhan teams up with Alive India Foundation to empower independent musicians, raise awareness on thalassaemia eradication
- How Salim Khan’s advice helped Kiran Kumar make a comeback to Bollywood
Jazeera Airways, Kuwait’s leading low-cost carrier, is offering 50% off on fares to all destinations across its network from July 28 to 31.
New Delhi : Air India Express, a subsidiary of Air India and a part of the Tata group, has launched its "Time to Travel" sale on the airline’s website, airindiaexpress.com, the Air India Express mobile app and other major booking channels.
Tokyo: Airlines were forced to cancel over 300 flights following the collision between a Japan Coast Guard aircraft and a Japan Airlines passenger plane at Tokyo's Haneda Airport on Tuesday evening even as reports said the plane was cleared to land ahead of the tragedy.