Power to Empower (P2E), is a joint initiative co-organized by India @75 (a CII initiative) and theNational Skill Development Corporation (NSDC). Organizers developed India’s only national-level Skill Enterprise Plan Competition to encourage entrepreneurs with innovative and scalable business solutions to contribute to the development of a sustainable vocational skills ecosystem in India. It is expected that this competition will help narrow the gap between supply and demand of growth-enabling skilled workers, while catalysing improved livelihoods for many Indians. In addition, it aims at raising awareness about skilling an entrepreneurial opportunity, P2E Challenge aims to encourage academia, youths, students, aspiring entrepreneurs to step up to be the next generation of entrepreneurs and contribute to the Skill India Mission.
The challenge invites individuals, academia, social enterprises, for-profit and not-for-profit companies and Non-governmental organizations from across India, who either have an idea, an early stage pilot with a proof of concept or an operational venture. The proposed venture needs to have a financially sustainable business model that boost the skilling space spread out across over 22 NSDC identified sectors. Challenge is open without restriction to for-profit, not for profit or even mixed/hybrid models.
Presently the challenge is open in three categories of Idea, Seed and Operations. Participants are required to submit applications into different categories as per their convenience and experiences. After expert assessments, shortlisted entrepreneurs/organizations will be offered mentorship support, awarded cash and in-kind support, and the exclusive opportunity to pitch for funding to major skill development funds.