New York, NY | June 18, 2013: Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading IT services, consulting and business solutions organization, today, announced that the company has joined US2020 as a Founding Leadership Partner. US2020 is a national STEM education initiative that aims to engage one million science, technology, engineering and math (STEM) professionals in mentorship opportunities by the year 2020. The announcement was made during President Bill Clinton’s closing plenary session at CGI America, a nationwide gathering hosted by the Clinton Global Initiative. TCS will be the lead partner in developing US2020’s web-based matching technology to connect STEM mentors with high-quality volunteer placements.
Through the online matching platform that TCS will develop, US2020 will help place STEM volunteers into high impact mentoring opportunities with top nonprofits working across different grades, settings and delivery models. As more companies join this effort, their early leadership will help catalyze a culture shift in which mentoring becomes the new normal for STEM professionals, much like pro bono work is in the legal profession.
“We need these one million volunteers to ensure that we’re going to have students take the courses that will inspire and prepare them for STEM careers,” said President Clinton.
President Clinton also announced a competition inviting cities to share ways they can significantly increase the amount of STEM mentoring in their communities. The strategy will select and support up to five cities that propose plans to mobilize STEM volunteers through partnerships with leading science and technology businesses. The cities will be offered $1 million or more in cash and in-kind support to bring together businesses, nonprofits, city governments and local philanthropies around a coordinated effort to spark the minds of students across their communities.
“To succeed on tomorrow’s world stage, students must have a solid foundation in STEM and be fluent in the technologies that will power the global economy of the 21st century,” said Surya Kant, President of TCS’ North America, UK and Europe operations. “TCS is proud to bring not only its technological expertise to this national effort, but also the passion and commitment that its employees have in lending their talents to positively affect their communities, across the country and around the world.”
By 2018, research shows that STEM occupations are projected to grow by 17%, with 71% of STEM jobs focused on computing including cloud, data, app and security. This contrasts sharply with the mere 17% of high school graduates who are proficient and interested in pursuing STEM careers. One example of TCS’ efforts to move the needle in STEM education is the company’s goIT Student Technology Program. The TCS goIT program, which began in Cincinnati five years ago, has evolved from a two-school camp to a multi-city, year-long program that has influenced over 7,000 students across 40 school districts to increase student excitement and participation in technology-related careers. From its initial beginnings in Cincinnati, this year goIT will be a nationwide program spanning 10 US locations as well as the greater Toronto region in Canada.
US2020 was launched as one of five private sector initiatives at the White House Science Fair in April 2013. Through US2020, skilled STEM volunteers will bring subjects to life and provide engaging moments of discovery to even more students across the country through real-world, hands-on projects and academic coaching facilitated by nonprofits like The National Commission on Teaching and America's Future (NCTAF), Citizen Schools and others. Ultimately, these students will have access to career opportunities they might never have considered and will help fill the STEM jobs of the future that will keep the country economically competitive.
“We believe it is essential to offer engaging learning experiences with STEM professionals to students who need their support and the opportunity for cities to utilize their STEM workforce to educate and prepare the next generation of STEM professionals,” said Eric Schwarz, co-founder and CEO of Citizen Schools and Executive Chairman of US2020.
TCS is joining as a Founding Leadership Partner of US2020, providing more than $500,000 in cash and in-kind support. TCS is also aspiring to get 20% of the company’s STEM workforce mentoring students by 2020.
US2020 is a new organization formed through a partnership of leading education non-profits and corporate leaders in the STEM field. The initiative emerged from a White House call to generate big, innovative solutions to our STEM education challenge, with a focus on increasing access to STEM careers for girls, underrepresented minorities in the sciences, and low-income children. US2020 will be incubated within Citizen Schools, a leading education non-profit and will become a standalone non-profit entity in 2014. US2020 relies on a committed and growing community of public, private, non-profit and individual partners.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 276,000 of the world’s best-trained consultants in 44 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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