Future Of Jobs, A Great Initiative by Axis Bank to Increase Jobs in India

     In the month of Feb, 2017, Axis Bank had invited all innovative talents from all parts of India. This is the biggest initiative by third largest private sector bank of India(Axis Bank). The Idea behind this initiative is to help those who can create more jobs in coming future. As, we all know that there is no working policy of our government to create employment or to help unemployed citizens. So, this Initiative is really a great Initiative to create more job opportunities.

     The competition was open for age group of 18 to 30 years old. This initiative is very successful as it received over 21000 responses and out of those 81% were students. On 8th April, the day of the Grand Finale, top 15 Teams gave their final presentation in front of Jury members.

You can check more details about this contest at  http://www.fojindia.com website.

While the Jury was deciding top 5 finalists, Axis bank had conducted some live polls which I want to share here.

1. What are the biggest trends effecting the Future of Employment space.
     The Majority of people voted for Artificial Intelligence and Automation. Some votes were there for robotics too. According to some research, 44% of work activities across the globe can be automated.

2. What elements do Millennials seeks at the workplace?  
      Everybody wants to get a Meaningful job with flexibility. Also 2X people will have post secondary education and more digital spending in future.

     It was very hard to eliminate contestants as their ideas were so brilliant. Thanks to Jury members for selecting top 5 Finalists who really deserve to be in top 5.

The top 5 Finalists of Future of Jobs campaigns are below with little brief.

  1. BeRozgaars : A platform connecting employers to job seekers through a smartphone app.
  2. Team Bodhi : An environmental friendly E-Waste management startup.
  3. MyColor: To make natural colors and to decrease the use of harmful synthetic colors.
  4. Crayonts : Helping farmers with equipment to reduce their cost of farming.
  5. Chai Pe Charcha: Growing vegetables on the roof so that people can trust that vegetables are fresh and also they are cost effective. 

     After the selection of 5 finalists, everybody gave their best presentation. While those who made their business model on government subsidies, got some negative marks as according to Mr. Amitabh Kant, CEO of NITI Ayog, the Government is very poor in terms of providing subsidies and sometimes you have to wait for months to get your subsidy.

     After long discussion, Jury finally came out with Second runner up. The 2nd Runner up is team Bodhi for their environment friendly E-Waste management idea.
Check out the below video tweet.

    Now, it's time to 1st runner up and they are Team BeRojgaar for their brilliant idea of connecting job providers to job seekers.  

     Finally, the winner is MiColor, everybody was impressed with this PHD holder team. Their business idea is truly in favor of nature as while making synthetic colors, the byproducts are hazardous to aquatic life and also harmful to human skin. The demand of natural colors is very high in Indian as well as global market. Check out The video tweet.

     The event was truly awesome and I am happy to see such a large number of innovative Ideas. Innovation can make a country great and India is ready to become world's largest innovative country.

If you want to see all videos and tweets of this event the you can visit this given tweet search link.