Asia Social Investors Network AVPN Launches $15 Million AI Opportunity Fund APAC via 3-Year Program Supported by Google.org & Asian Development Bank to Fund Non-Profit, Social Enterprises & Workforce Associations in APAC, $15 Million Fund Will Help Workers Most Impacted by Artificial Intelligence
29th May 2024 | Hong Kong
Asia social investors network AVPN has launched a new $15 million AI Opportunity Fund APAC via a 3-year program supported by Google.org & Asian Development Bank (ADB) to fund non-profit, social enterprises & workforce associations in APAC, with the $15 million fund to help workers most impacted by artificial intelligence (AI). AVPN (27/5/24): “AVPN, the largest network of social investors in Asia, announced the launch of the AI Opportunity Fund: Asia-Pacific, with the support of Google.org and the Asian Development Bank (ADB). The USD 15-million Fund is a three-year programme to equip Asia’s workforce with essential artificial intelligence (AI) knowledge and tools required for the evolving work landscape, thereby ensuring that jobs and roles presented by AI are accessible to more people in the region, specifically those from underserved communities. The Fund will be available through an Open Call to identify and select the non-profit organisations, social enterprises, and workforce associations in Asia-Pacific which meaningfully reach the workers who will be most impacted by the workforce transitions caused by AI. Selected organisations will receive comprehensive support, including guidance, financial support and tailored AI training based on foundational AI courses designed by Google and its external partners.” Applications for the AI Opportunity Fund: Asia-Pacific will open soon. Interested organisations can register their interest to be notified when applications open here.
“ Asia Social Investors Network AVPN Launches $15 Million AI Opportunity Fund APAC via 3-Year Program Supported by Google.org & Asian Development Bank to Fund Non-Profit, Social Enterprises & Workforce Associations in APAC, $15 Million Fund Will Help Workers Most Impacted by Artificial Intelligence “
Scott Beaumont, President of Google Asia-Pacific: “AI presents tremendous opportunities for the Asia-Pacific region, but it’s crucial to equip people with the skills needed to thrive. This new AI Opportunity Fund in Asia Pacific will help to empower underserved communities and ensure everyone benefits from the transformative power of AI.”
Naina Subberwal Batra, CEO of AVPN: “Building an AI-ready workforce is an essential social mandate for businesses and governments, and one that can unlock Asia’s full workforce potential, considering this region will have 165 million working-age people by 2030. There is urgency for such an enablement initiative, as the new world work realities unfold, and we start to see the socioeconomic impact of AI work transition on workers who have limited support to adapt and catch up. AVPN is optimistic about leveraging the knowledge and reach of impact organisations that are already actively working on the ground to bridge the gaps for an AI Workplace Just Transition, and to ensure that the benefits of AI work opportunities reach more of our workers.”
Jason Rush, Principal Regional Cooperation Specialist, ADB: “Asia’s evolving work landscape, shaped by the increasing influence of AI, highlights the pressing need to bridge critical skills and knowledge gaps in the underserved communities. The AI Opportunity Fund: Asia-Pacific will support organisations to upskill and reskill workers, ensuring they can access and benefit from the evolving opportunities in the age of AI.”
Asia Social Investors Network AVPN Launches $15 Million AI Opportunity Fund APAC via 3-Year Program Supported by Google.org & Asian Development Bank to Fund Non-Profit, Social Enterprises & Workforce Associations in APAC, $15 Million Fund Will Help Workers Most Impacted by Artificial Intelligence
About AVPN
AVPN is the largest network of social investors in Asia, comprising over 600 funders and resource providers across 33 markets. Our mission is to increase the flow and effectiveness of financial, human, and intellectual capital in Asia by enabling members to channel resources towards impact. As an ecosystem builder, AVPN enables its members to connect, learn, act, and lead across key pillars and improve the effectiveness of deployed capital, bringing local field needs, regional expertise, and policy insights to the forefront.
About Google.org
Google.org, Google’s philanthropy, brings the best of Google to help solve some of humanity’s biggest challenges combining funding, product donations and technical expertise to support underserved communities and provide opportunity for everyone. We engage nonprofits, social enterprises and civic entities who make a significant impact on the communities they serve, and whose work has the potential to produce scalable, meaningful change.
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