Accelerating economic development in emerging economies and U.S.
Founded in 2003 by Dr. Romesh Wadhwani, the Foundation’s primary mission is economic acceleration of emerging economies. The Foundation embarked upon its mission in India first, and subsequently, the Foundation has expanded into the U.S and other countries.
In India, with an expected growth of 250-300 million people joining the workforce by 2022, large scale job creation became the primary imperative for the country. Also, as India’s population grows young, most advanced nations of the world are growing old, offering India an opportunity to become the global talent supplier. Catalyzing job creation and skill development become the two primary target areas of focus for the Foundation.
During the last decade, Wadhwani Foundation has launched five niche, high impact Initiatives in India. These include promoting entrepreneurial and employment skills, tapping the educated disabled, encouraging innovation and driving policy changes to jump-start economic opportunities. To address persistently high youth and displaced-worker unemployment in the U.S, Wadhwani Foundation launched the ‘Race to a Job’ initiative in 2012.