Upskill was initially formed as Upskill Capital with its focus on impact investment. The idea behind the formation was to find a way to sustainably make vocational (skills-based) education more accessible to the underprivileged youth in developing countries.
The UpSkill team found an enormous opportunity in the fact that given the then Vocational Employment Training (VET) school capacity in India, only 50 million youth would have received skills training by 2022 vis-à-vis the target of the government to train 500 million youth by 2022. This would leave a gap of 450 million skilled workers. UpSkill aimed to be the ‘missing link’ between unskilled youth looking for jobs and employers looking for skilled work force.
UpSkill has created a deep impact at the grassroots level by working with different ministries such as Ministry of Minority Affairs (MoMA) and Ministry of Rural Development (MoRD) in setting up vocational training centers across Gujarat and Rajasthan and providing training in trades like automobiles, retail, soft skills etc.
The journey of UpSkill started when 6 students from Kellogg School of Management, who wanted to make a mark in the education sector through impact investment, came up with the idea of UpSkill as part of a college project.
This idea was brought to reality in 2013, when UpSkill was formed as an impact investment organisation with the idea of funding the training of underprivileged youth. From an impact investing organisation, UpSkill evolved as an edutech company with the goal of lifting young adults out of poverty by providing them skill training using technology as a key to improving student engagement, teaching methodologies and employment outcomes.