"We have got a very large young population, which is definitely looking for jobs, currently either unemployed or not meaningfully employed. On the other hand, we have an industry which is starved for talent. What we are attempting to do is how do we solve this problem from where it originates from," Munjal told PTI.
When asked about investments in the new venture, he said, "the family has already committed upwards of USD 10 million only on this venture, which is a substantial sum. That gives us the flexibility of building focus on quality."
Munjal said Hero Vired will target three segments of students -- those who passed class XII and seeking quality education; fresh college graduates who are unable to get meaningful jobs; and working professionals with 0-10 years of experience, who are looking to upskill to enhance career growth.
The EdTech startup will offer two programmes -- a six months full-time programme followed by three to four months of internship and a part-time programme of over 11 months, with classes over weekends.
"Fee ranges from Rs 2.5 lakh to Rs 5 lakh depending on the programme," Munjal said adding the first session will begin in July this year for two programmes and others to be added gradually with the number of students capped at 100 students per batch per programme.
Initially the programmes will be offered online but once COVID-19 settles, there will be hybrid options also, he said adding select programs will offer an academic bank of credits as proposed in the National Education Policy for learners to access future learning.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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