Parties Involved
Equippp Social Impact Technologies Limited has executed an MoU with Telangana Academy for Skill and Knowledge ("TASK"), which operates under the Department of ITE&C, Government of Telangana.
Purpose of Agreement
The MoU establishes a collaborative framework between TASK and EQUIPPP to design, develop, and deliver a highly customized EQUIPPP Fellows Program. This is described as a first-of-its-kind initiative designed to formally develop field-ready professionals equipped with domain knowledge and cutting-edge technology skills.
TASK will act as the finishing-school partner, while EQUIPPP will leverage these resources for Governments, CSR agencies, non-profits, social enterprises, and other stakeholders.
Significant Terms of Agreement
- Exclusive Talent Supply: TASK will create, train, and supply resources exclusively for EQUIPPP
- Screening & Designation: Candidates will be treated entirely as "Fellows" and upon successful completion of the program, they will be absorbed into full-time roles
- Remuneration: Selected candidates undergoing training will be designated as "Fellows" and will be provided with a designated remuneration (stipend)
- Hybrid Learning Model: The program will operate on a hybrid model where Fellows will be deployed directly into the field for hands-on experience while continuing their formal training modules simultaneously
Financial and Structural Details
- Size of Agreement: Not Applicable
- Shareholding: Nil shareholding in TASK
- Related Party Status: The parties are not related to promoter/promoter group/group companies in any manner
- Related Party Transaction: The transaction does not fall under related party transaction
- Share Issuance: Not Applicable
- Loan Agreements: Not Applicable
- Other Disclosures: Not Applicable