What is the problem the social business is solving?
Out of 1.5 million engineers who graduate every year, only 20% have adequate skills to be employed in the IT sector, and only about 4% have the skills for core programming jobs. The balance 80% of engineers attend lower tier, government colleges and come from low income families based in Tier 2 and Tier 3 cities, and are not adequately trained in specialized subject areas required for roles in tech companies. This segment is forced to move down the employment value-chain, and take up odd jobs.
How does the social business solve this problem?
BridgeLabz solves the problem by tying up with tech based product and service companies with defined recruitment mandate, and incorporating a unique training mechanism, resembling apprenticeship in Accounting or Law sectors, which ensures that engineers learn new concepts using a problem-statement approach;
How BridgeLabz impacts lives?
BridgeLabz maintains a 100% job placement rate for all its fellowship students. There is an observed income increase of 140% for previously employed graduates, and 100% for unemployed graduates. Until FY20, BridgeLabz trained and placed 1,100+ engineers, and in the Covid-struck period of FY21, YTD alone, it has trained over 1,200 engineers.
