BF Technologies- Virtual Academic Initiative (The \’Beyond Future Technologies\’ is a virtual academic initiative for developing e-skills among youth to increase the ratio of employment in Pakistan.
In general, the economies of the world, particularly the emerging regions e.g. Pakistan is experiencing increased unemployment due to diminishing opportunities in the market. Consequently, there is a need for enterprise development, particularly in the Technology and e-Commerce markets in order to create more jobs. This calls for creativity, especially amongst the youth. However, capitalization of that creativity faces two roadblocks – lack of mentorship and lack of seed capital. There is a dire need for a solution that not only encourages startups but also capitalizes on creativity by providing mentorship programs that help direct and convert innovative ideas into e-businesses.
The present COVID-19 crisis of Pakistan calls out for an Economic Rejuvenation Plan and e-Skill Development Program which can generate income from home within a 6-8 week timeframe. In the wake of the pandemic, livelihood generation and a general disconnect from opportunities/ employment have increased, therefore we have developed eSkill Courses which we pitch for collaboration with Higher Education Institutions as well as with the development sector.
One of the most important factors of success of a company is its Human Resource & Technical skills. In order to develop a team culture, a start-up business needs to hire suitable candidates. One of the biggest challenges was to identify the right technical team. BF Technologies has got a strong technical team of trainers who are experts in their respective fields.
Higher educational institutions (HEIs) rarely focus on strengthening the soft skills of students, which hinders their entrepreneurial capabilities and professional growth. eSkills Training Program by BFT has signed MOUs with leading national universities including Allama Iqbal Open University (AIOU), SZABIST University, University of Lakki Marwat, Karakoram International University, as well as TEVTA-Punjab, TEVTA-KPK, and NIC Peshwar to provide e-Skills Training Program.
Other major obstacles included limited access to finance/capital and inadequate public-sector funding for research and development. We reached out to different renowned Non-Government Organizations and have made successful collaborations with current projects and future initiatives. We are collaborating partners for the e-Skills Training Program with the Women Development Govt. of Punjab and Gilgit Baltistan Rural Support Program (GBRSP). Some of our projects are in pipeline with other development sector organizations.
BF Technologies is the first company in Asia which is working as a Virtual Academic Initiative in e-Skills. We are also developing a national curriculum for e-Skills which would be taken up globally in later stages. Our aim is to provide employment and livelihood opportunities to the youth through imparting e-Skills.