Automation, Robotics, Artificial Intelligence will soon replace employees. It is believed that robots will soon perform most of the work done by humans. Every commercial sector will be affected by robotic automation in the coming years.
Axis Bank has launched Future of Jobs campaign, India's largest crowd sourcing competition. This is an attempt to bring innovative solutions from the young minds generating jobs across various sectors. Over 21000 ideas people sent their ideas across the agricultural, IT, ITES and tourism sector. 11% of these ideas have been generated by young working professionals and 89% have come in from students.
The framework of the initiative look at the co-creating ideas especially with the youth of our country and providing them a platform to come together and bring alive their vision of India.
Top 50 ideas were shortlisted through a rigorous selection process. Out of 50, the best 5 were then shortlisted and they submitted their business plans with greater details in the finale.
The esteemed jury members for the day were:
Mr. Amitabh Kant- CEO, Niti Aayog
Mr. Rajan Anandan- Managing Director, Google India
Ms Shikha Sharma- MD & CEO, Axis Bank
The winning teams were awarded with the prize money of Rs 25 Lacs, Rs 15 Lacs and Rs 10 Lacs including Rs 5 lacs each as a seed funding for the startup.
The top 5 finalists were: Be Rozgar, Bodhi, MiColor, Chai Pe Charcha and Croyants.
The winning team was Mi Color. Their idea was to curate natural colors from microbes which is one of the most economical and safe alternatives to artificial and synthetic colors.