Founded in 2003 by U.S based philanthropist, Dr. Romesh Wadhwani, the Foundation’s primary mission is economic acceleration of emerging economies. The Foundation first embarked upon its mission in India by leveraging India’s human potential. Subsequently, the Foundation has expanded into the US and other countries.
India was expected to add 250-300 million people to the workforce by 2022. Large scale job creation became the primary imperative for the country. Also, if this growing population can be adequately skilled, the impact on economy will be unprecedented. Hence, catalyzing and demonstrating scale & sustainability in job creation and skill development in India became the 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, creating opportunities for the disabled, encouraging innovation, and catalyzing policy changes to support economic activity.
In the US, to address the persistently high youth and displaced-worker unemployment issue, Wadhwani Foundation launched the ‘Race to a Job’ initiative in 2012. This Initiative leverages technology to bridge the gap between the skills acquired in academic institutes and those required by the industry for mid-skills jobs.
We inspire, educate, mentor and support first-generation entrepreneurs to create millions of jobs. Our target is to create half a million high-value jobs over the next 5 years
We revolutionize skill development through the use of technology and program management of Government initiatives to create millions of highly-skilled knowledge workers globally. Our target is to skill and place 5 million in sustainable high-quality jobs over the next 5 years
We mainstream the educated disabled into corporate jobs. Our target is to place 100,000 into mainstream corporate jobs over the next 5 years
We propel India towards leadership in innovation by enabling world-class research and industry creation. To facilitate and enable world-class research at several prestigious institutes in high-impact areas, is our 5 year target
We strengthen the India-U.S. relationship through a shared vision and a policy framework for economic acceleration. To facilitate policy frameworks and actionable high-impact policies that further India-U.S. economic development and co-operation, is our 5 year target
The Foundation drives job creation and skill development in India through the following five Initiatives:
NEN inspires, educates and supports first generation entrepreneurs to create millions of jobs & represents India’s largest and most dynamic community of new and future high-growth entrepreneurs.
Opportunity Network for Disabled (OND) aims to mainstream the educated disabled into sustainable high-quality corporate jobs.
Research & Innovation Network (RIN) aims to propel India towards leadership in innovation by encouraging and enabling world-class research coupled with industry/company creation.
India-U.S. Policy Initiative drives the research based policy actions in collaboration with State and Central Governments, in the area of economic development.