Mutual Success Programme for Digital Employment

Intervention

Social or environmental challenge

The Elevate program targets critical market failures that hinder equitable access to education and workforce development. Firstly, traditional education systems often struggle to adapt swiftly to evolving industry needs, resulting in a skills gap that leaves many job-seekers unprepared for employment. Secondly, financial barriers limit access to education, preventing individuals from upskilling and securing better opportunities. Thirdly, the lack of alignment between education costs and employment outcomes can lead to student debt without commensurate career advancements.

Our programs address these failures by offering industry-relevant, up-to-date training that directly responds to market demands. This model tackles financial barriers, enabling learners to join courses without upfront expenses, creating an equitable opportunity for all. We ensure educational investments are justified by career success, getting tangible results. The program's innovative design responds to these market failures by generating a relationship between education and employment and meeting the demands of a rapidly changing job landscape.

Description of the intervention

The Mutual Success Program is an OBF initiative aimed at democratizing access to quality education and enhancing employability. Through this project, individuals can enroll in our training programs without any upfront costs by opting for Income Share Agreements (ISAs). After completing their training and securing employment, graduates commit a small percentage of their earnings to the program.

In order to guarantee better employment options for students, the training they receive before the job placement stage is oriented to exponential growth industries, to which there is poor access in local education and which offer better earnings such as Data Analytics, AI tools and web development.

This program functions as a self-sustaining fund that fuels the education of new students. As employed graduates contribute a portion of their salaries, this cyclical model ensures ongoing access to education for others. This lowers financial barriers for learners but also aligns their success.

By linking tuition payments to post-training outcomes, we promote accountability and positive outcomes for both Elevate and students. This promotes an ecosystem where education is a shared investment, breaking down financial barriers to education through strategic partnerships and a scalable model.

Last data update

Data for this pipeline project was last updated in August 2023