Infosys Foundation Launches Spark-IT to Enhance Employability of Engineering Graduates
Mysore, India – September 15, 2014: Infosys Foundation, the philanthropic arm of
Infosys, today launched Spark-IT, a program to enhance the skill levels of engineering graduates in the country. Infosys Foundation has several programs aimed at alleviating hunger, promoting education, improving health, assisting rural development, supporting arts and helping the destitute. For fiscal 2015, Infosys Foundation plans to deploy INR 249 crore towards these initiatives.
Spark-IT is a three month program, to enhance both technical and communication skills of unemployed engineering graduates. Those candidates who have graduated in 2014 and met the eligibility criteria were shortlisted for selection. The eligibility criteria included graduation in specific engineering disciplines and consistently good academic performance. While the program aims to enhance employability of these graduates, it does not guarantee employment at Infosys.
The program has received an overwhelming response with more than 35,000 applications from 27 states. In fiscal 2015, Spark-IT plans to train 1,800 graduates spread over 11 batches, at the Infosys campus in Mysore, Mangalore and Chennai. Infosys Foundation has committed INR 9 crore for this program. Candidates will be given a monthly stipend of INR 10,000 and an accommodation allowance of INR 5,000 per month. On completing the program, they will be given a certificate of participation.
Speaking at the launch of the program, Mrs. Sudha Murty, Chairperson of Infosys Foundation said, “Many engineering graduates in India find it difficult to gain meaningful employment due to inadequate skills. Through Spark-IT we are imparting technical and communication skills to prepare candidates for future employment. The overwhelming response for the program demonstrates the need for such an initiative.”
Dr. Vishal Sikka, Chief Executive Officer, Infosys said, “At Infosys, we are deep believers in education and in people’s ability to learn, and its power to amplify the human potential. I am delighted that the Spark-IT program by the Infosys Foundation is helping us extend our expertise in IT to a large pool of unemployed engineering graduates.”