With Hero Vired, Hero Group is all set to enter the ed-tech area. The newly launched platform is headed by the third era entrepreneur- Akshay Munjal, Founder and CEO.
Hero Vired presents interactive assist, peer-to-peer communication and engagement-driven on-line instructor-led courses. It has partnered with an esteemed establishment just like the Massachusetts Institute of Technology (MIT), Cambridge, and New York-based Codecademy, an e-learning coding web site. They are planning to supply a mixture of programmes for professionals and better schooling aspirants, as per an announcement from the corporate.
“Vired is a combination of two words – virtual and education. We believe Hero Vired will be the future of learning. Hero Vired will change the way we learn and help address some of the big skill challenges the country faces. We have a very large population going through higher education who are unemployable. At the same time, we have industry, which is starved for talent,” Akshay Munjal, mentioned at a web based occasion.
Besides, he mentioned that the federal government additionally targets to extend the gross enrolment ratio in increased schooling, taking it from 26 per cent to 50 per cent.
“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 that is starved for talent. What we are attempting to do is how do we solve this problem from where it originates from,” Munjal informed PTI.
On the investments within the new enterprise, he mentioned, “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.”
“If we continue doing what we are doing, we are not solving the problem, we will end up producing more graduates who are also unemployable…we want to break this vicious cycle. We are going to do this by partnering with some of the best global education institutions and universities, bringing in experienced faculty and industry practitioners and combining that with the best-in-class technology system,” he mentioned.
Hero Vired platform presents certificates programmes in finance and associated applied sciences, built-in programmes in Data Science, Machine Learning and Artificial Intelligence, full-stack growth, Game Design, and Entrepreneurial Thinking and Innovation.
Hero Group was based in 1956 when Hero Cycles Limited was established by the Munjal brothers. It is likely one of the prime 10 enterprise homes in India. The promoters of the Hero Group ventured into schooling as early as 1964 with the newest growth being the BML Munjal University in 2014.
“Our efforts in education have been skewed towards nurturing future leaders who are skilled, knowledgeable and have the requisite skills required for leading organisations to success. With decades of experience in this field, we understand the need for a skilled workforce in contributing to India”s evolving industrial panorama,” Munjal mentioned.
He additional added that with Hero Vired, the objective is to offer a premium studying expertise, with a give attention to a personalised mentor-mentee interplay atmosphere, to drive improved profession outcomes and alternatives.
The EdTech startup goes to supply two programmes — a six months full-time programme, subsequently an internship for a time of 1 / 4 of a yr and a part-time programme of over 11 months, with courses over weekends.
“Fee ranges from Rs 2.5 lakh to Rs 5 lakh depending on the programme,” Munjal mentioned whereas additionally informing that the primary session is more likely to start in July this yr for 2 programmes and others to be steadily added with the variety of college students capped at 100 college students per batch per programme.
Initially, the courses might be supplied on-line however as soon as COVID-19 settles, there might be hybrid choices additionally, he mentioned including chosen applications offers a tutorial financial institution of credit as proposed within the National Education Policy (NEP) for learners to achieve future studying.