Axis Bank invites ideas on ‘Future of Jobs in India’; rolls out pan India competition

§  All Indian citizens in the age group of 18 to 30 are eligible to participate

§  The Idea can be related to any sector and should be submitted online, before Feb 15, 2017

§  Total prize money of Rs 50 lakhs, including seed funding

Mumbai, February 10, 2017: Axis Bank, the country’s third largest private sector bank, launched the largest crowd-sourcing competition, ‘Future of Jobs in India’, seeking ideas from young minds. The competition, under the aegis of 'Axis Moves', is open to all Indian citizens in the age group of 18 to 30 years. Participants, in teams of 2, can choose any sector where they have identified a challenge or where they see an opportunity, and present their idea in a 750 word write-up, to be submitted online.

Axis Bank invites ideas on ‘Future of Jobs in India’; rolls out pan India competition

Post the submission of ideas, the shortlisted 180 contesting teams will be invited to present their business plans that will be judged by an eminent panel. The successful 50 teams will be a part of a boot camp in Mumbai where they will be evaluated on a predefined set of parameters. The Grand Finale will feature the top 15 teams who will make a final presentation to the jury. The winning teams will be awarded prize monies of Rs 25 lacs, Rs 15 lacs and Rs 10 lacs respectively, including Rs 5 lacs each as seed funding for the start-up.

Rajesh Dahiya, Executive Director, Axis Bank, said, “Technology is reshaping the world as we know it and the dynamics of every sector and industry are changing faster than ever. The skills of yesterday will be obsolete tomorrow. However, there is immense potential for our country to overcome this challenge and scale greater heights by imbibing new skills that are emerging in all spheres such as cloud computing, artificial intelligence, big data & crowd sourcing, to name a few. We are therefore happy to launch ‘Future of Jobs in India’, a platform for the youth to ideate on implementable, sustainable and scalable solutions for the future.”

About Axis Bank:

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

With its 3,211 domestic branches (including extension counters) and 13,726 ATMs across the country, as on 31st December 2016, the network of Axis Bank spreads across 1,946 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK. The Bank’s website offers comprehensive details about its products and services.