We live in an era of unprecedented speed with respect to technical innovation and adoption. A 2017 Brookings report found that nearly two-thirds of new jobs created since 2010 require either medium or high-level digital skills, yet in the US, a 50% shortage of computer/IT graduates is expected by 2024. The consequences of this skills gap extend to individuals and communities. Individuals entering the workforce, without market-ready technical skills, may face barriers to enter middle-skill opportunities and higher earning potential, as those jobs requiring technical skills pay an average of 17% higher salaries.
Low-income and minority communities are more severely impacted. A Pew study found that roughly one-third of families with a household income less than $50k and with children ages 5-18, don’t have high-speed internet at home. This gap in access to digital services not only contributes to the “homework gap,” the premise that low-income students are at a disadvantage without online access to complete homework, but also correlates with the finding that low-income and minority populations on average demonstrate lower rates of digital literacy.
The Acumen Civic Accelerator: Future of Work, presented by the PwC Charitable Foundation – a 10-week entrepreneur boot camp – will help accelerate 12 innovative, scalable ventures that increase workforce access, readiness and success through:
Developing tech capabilities among K-12 students to prepare for tomorrow’s workplace
Training and access to higher-wage opportunities for working adults across gender, race, class and geographies
Technical upskilling, on-site education and credentialing in industries undergoing digital transformation
Inclusive access to high-speed internet, mobile communication, and connected devices
Expert mentors, coaches, and guest speakers
Average increase in earned revenue within 1 year of acceleration
Of Founders report a significant increase in startup skills and network development
The following CivicX graduates are leading innovations in workforce development for underserved populations across the country.
Offers a suite of recruitment tools that allow employers to successfully source and retain non-traditional talent
Prepares low opportunity individuals for careers in software development through immersive training
A post-secondary planning platform to engage students, parents, and educators in meeting post-secondary goals
Creates on-ramps for Blacks and Latinos to gain living wage jobs in the tech sector