WE ARE RESEARCHING HOW TO MAKE EDUCATION MORE ACCESSIBILE FOR YOUNG ADULTS IN ONE OF THE WORLD’S POOREST COUNTRIES
In India, many young adults (aged 18-25 yrs) are unnecessarily trapped in poverty: they want to learn skills that will enable them to earn a higher salary, but do not have access to the education they need. One of the key barriers is financing: low income young adults simply do not have the funds to pay for their education upfront.
UpSkill Capital was formed by six recent graduate students with a single purpose: find a way to sustainably make Vocational (skills-based) education more accessible to low income young adults in India. To this end, we have developed a new way to fund vocational training: we pay for students’ tuition upfront and upon completion of their training, students enter paid internships, where a portion of their wage is taken to repay tuition costs. The repaid money is used to help finance another student, creating a sustainable cycle of education funding.
OUR PILOT PROJECT
We are planning a pilot research project in early 2013 in partnership with ETASHA Vocational Education Society (http://www.etashasociety.org). The aim of the pilot project is to further research our concept by sponsoring 400 students to be trained and tracking their transition from schooling to the workforce. Once our model is validated, our goal is to help educate over 4 million students over the next 10 years, moving them out of poverty and into the lower middle class.
WE DID IT!
Our fundraising campaign (via Indiegogo) brought home $25,090! This means that we are now well on our way to helping educate and lift 400 students out of poverty through vocational education. We would like to thank the following fantastic people who are major donors to our Indiegogo Funding Campaign. Thank you for your kind generosity - we appreciate your support!
Tash Peiris and Yeshwant Mudaliar
Hema and Ravi Nayyar
Erin and Seth Schindler
Natalia Herrera Azabache
Arjuna and Asawari Ratnachandra
Elissa Arkinstall & Priyesh Upreti
Ivan Jimenez de Sandi