HomeInsightNews & UpdateGrowthSchool Launches $500K Scholarship Fund | Project Rise Again

GrowthSchool Launches $500K Scholarship Fund | Project Rise Again

GrowthSchool, an ed-tech platform experiencing rapid growth, has introduced 'Project Rise Again,' a scholarship fund worth $500,000 aimed at assisting individuals who have lost their jobs recently in obtaining new skills and rebuilding their lives. GrowthSchool will offer full scholarships for their top-rated upskilling courses to support those affected in overcoming their challenges.

GrowthSchool, an ed-tech platform experiencing rapid growth, has introduced ‘Project Rise Again,’ a scholarship fund worth $500,000 aimed at assisting individuals who have lost their jobs recently in obtaining new skills and rebuilding their lives. GrowthSchool will offer full scholarships for their top-rated upskilling courses to support those affected in overcoming their challenges.

The scholarship offered by GrowthSchool through ‘Project Rise Again’ is available to anyone who has been impacted by recent layoffs, and the selection process will consider several factors such as the candidate’s previous Cost to the Company (CTC), the number of dependents and household income, as well as the duration since the individual was laid off, a report by BW Disrupt.

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Sharing his vision behind this initiative, Vaibhav Sisinty, CEO and Founder of GrowthSchool, said, “These are challenging times for the working professionals. The trauma and hardships of being laid off despite putting in the best efforts can be overwhelming. I have experienced this scenario twice in my career, and I fully understand the emotional and financial stress such incidents can cause. With the generous support of our esteemed mentors from top brands, we aim to empower the laid-off workforce by offering access to our intensive courses, expert-led guidance, and job assistance. Our goal is to provide a lifeline for those affected by mass layoffs, helping them regain their footing in the professional world and rebuild their careers. Together, we can rise again and build a brighter future.”

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In the past year, over 315,000 individuals have lost their jobs worldwide as prominent technology companies and digital-first startups have downsized their workforce. The trend of mass layoffs has resulted in significant financial instability, stress, and anxiety for many, as well as negatively impacting their relationships and overall quality of life. ‘Project Rise Again’ serves as a ray of hope, offering affected individuals the chance to gain new skills, increase their employability, and rebuild their careers. It is a vital step in reducing the detrimental effects of mass layoffs and creating a more promising future for those facing this challenge.

As one of the mentors associated with the project, Arjun Vaidya Co-Founder, V3 Ventures, said, “Project Rise Again is a commendable initiative by GrowthSchool. In the current scenario of widespread layoffs, upskilling and reskilling are crucial strategies for tech professionals to regain employment. The commitment shown by GrowthSchool demonstrates their unwavering dedication to helping people during challenging times. As a mentor, my goal is to empower learners with the latest industry-relevant knowledge, and I am thrilled to be associated with this project. I wish the very best to all those who are part of Project Rise Again, and I am confident that it will make a significant positive impact on the lives and careers of those affected by mass layoffs.”

Read also – [Funding alert] Growth School raises $5 mn in seed funding from Sequoia Capital India, others

‘Project Rise Again’ will offer courses led by a team of more than 150 skilled mentors with a proven track record of success in various roles.

Some of the mentors who will be participating in this unique initiative include Abhishek G (Head of CLM Asia – OLX Group), Abhishek Nag (Partner, Lightspeed India), Aakrit Vaish (Co-Founder and CEO, Haptik), Kanan Rai (Director of Partnerships, Razorpay & Ex-Google), Ashish Singh (Senior Growth Manager, Google), Aadil Bandukwala (Senior Director of Marketing, HackerRank), Anudeep Ayyagari (UX Designer, Amazon), and Siddhartha Kathpalia (Former Marketing Head, VWO: USA).

About GrowthSchool

GrowthSchool is an online platform that provides teachers with cohort-based solutions. The platform collaborates with academics and holds online workshops for digital content marking. It provides classes on topics including cryptocurrencies, UI/UX design, and performance marketing.

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