New Delhi: Masters’ Union School of Business, Technology and Entrepreneurship (Masters’ Union SBTE) led by veteran leaders, executives, and businessmen, offering industry immersive programmes announced that it has signed a contract with ni-msme (National Institute of Micro, Small and Medium Enterprises) to collaborate and provide joint training programmes, research, and consultancy services across the country. The collaboration will result in bridging the AI talent gap in the country and promotion of entrepreneurship in this cutting edge field, accompanied with job creation and overall economic development.
Under the collaboration, Masters’ Union SBTE and ni-msme will provide a joint certification in “Application of Artificial Intelligence and Entrepreneurship”. The three month long course will be a combination of online and offline teaching. The first batch of the programme will kick off from October 2020, with enrolments for new batches happening on a monthly basis. As a part of the MoU, both the organizations have expressed willingness to exchange knowledge, teaching, learning materials and other literature relevant to the programme. The syllabus for the programme will be drafted by both the organisations and finalized on mutually agreed basis.
India suffers from acute shortage of talent when it comes to Artificial Intelligence. According to a report by the leading ed-tech company, Great Learning, the number of AI professionals in the country almost doubled from 40,000 in 2018 to 72,000 by end of 2019, yet 2500 positions remained vacant indicating the dearth of talent in the field. According to the report, more than 3,000 companies claimed to work on AI projects of some or the other kind in 2019, a growth of 200% over 2018. As per the report, the Indian AI industry doubled in size in 2019 with revenues of $415 million, compared to $230 million a year ago. Most of this growth has been led by experienced professionals who have transitioned into a career in AI by upskilling themselves over the last few years.
Ms. S Glory Swarupa, Director General, ni-msme, said, “National Institute for Micro, Small and Medium Enterprises (ni-msme), an organization under Ministry of MSME, Govt. of India has always been conceiving specialized need-based initiatives in tune with the changing policy and economic situation. The collaboration with Masters Union will help potential and aspiring entrepreneurs to set up their business in latest technologies such as Artificial Intelligence (AI) and Machine Learning (ML) within their available resources, avail government support, MSME support schemes and develop their entrepreneurial capabilities to generate employment by becoming “Atmanirbhar”, ultimately helping India to become a self-reliant nation, Atmanirbhar Bharat – the vision of the Honourable PM Shri Narendra Modiji.”
Mr. Sandeep Bhatnagar, Director (M & BD), ni-msme said, “NI-MSME is a comprehensive hand-holding institution for the entrepreneurial youth in India and the developing world. We invite you to become part of the great academic journey by enrolling yourself for the collaborative capacity building program with Masters Union, to witness ni-msme’s state-of-the-art facilities, pleasant environs, proven methodologies supported by modern academic infrastructure, experienced faculty, expert consultants and resource persons and above all, decades of experience complemented by a modern and creative outlook. Presumably, ni-msme is now recognized to have one of the best research, training and extension facilities for entrepreneurs in the world.”
Mr. Rupesh Bisht, CEO, Masters’ Union said, “Artificial Intelligence is set to impact every white collared job in the country and it is imperative for every student and professional to develop the know-how of operating in the digital environment. This is especially true for budding entrepreneurs who will have to build their products and services to be relevant in this environment. The joint certification programme offered by Masters’ Union in collaboration with ni-msme will empower the Indian youth and help them develop cutting edge skills, in line with our Prime Minister’s vision of an Atmanirbhar Bharat.”