ASSET India Foundation

The primary mission of the ASSET is to provide computer literacy for education towards alternate livelihood and as a means of AIDS prevention. The program is designed to assist the children to attain a level of education and familiarity with technology that will enable them to free themselves from being chained to the same profession. The ASSET India Foundation supports Education of the children using Computer Based Functional Literacy and small business ownership using Microfinance.
Dec 10, 2008

Ray Umashankar awarded 2009 Purpose Prize

I am pleased to report that Ray Umashankar, Executive Director of ASSET India Foundation was awarded the 2008 Civic Ventures Purpose Prize for Social Entrepreneurs over the age of 60. The cash award of $10,000 will be donated to the ASSET India Foundation for hiring additional English language and computer teachers for the centers in India.

Since the Prize money will not arrive before the Global Giving fundraising challenge ends (Dec 15, 2008), Ray is working hard to meet the goal. He will be leaving for India on December 17th on ASSET work and return on the 31st.

Two newspaper articles about the award are attached:

1. “UA Prof Wins $10K Prize for Positive World Impact,” by Stephanie Innes, Arizona Daily Star

2.“UA Dean Helps Kids Break Away From India’s Sex Trade: Ray Umashankar awarded national prize for his work,” by Renee Schafer Horton, Tucson Citizen


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Jul 29, 2008

July 2008 Progress report

1. Based on the recommendation of ASSET-Chennai advisory board, ASSET will be advertising for a full time administrator to manage the India operations. Ideally the administrator will be a senior level retired executive with a serious interest in social issues.

2. At ASSET-Chennai more than 20 students who completed the training opted to pursue higher education rather than accept a job immediately.

3. There is strong evidence to show that the ASSET training has helped all the students in their confidence, overall academic performance and desire to work hard towrds a better future.

4. The demand to join ASSET classes is much more than the capacity we have. It is clear that both the students as well as their parents are seeing the potential benefits.

5. STRiVE (www.striveindia.org) which has successfully trained and placed students in several verticals has agreed to partner with ASSET and provide the necessary training for the retail management vertical.

6. ASSET is working a recruitment plan and also a student fee payback plan.

7. ASSET obtained used computers from IBM-Bangalore for AWWA( Affus Woman Welfare Association) in Hubli, Karnataka. In addition ASSET is helping AWWA with the computer literacy curriculum.

8. ASSET introduced its NGO partners in Bangalore to the NASSCOM Foundation to facilitate hardware and software donations.

9. ASSET is assisting www.savethechildrenindia.net with hardware and software donations as well as curriculum. Save the Children works with girls rescued from trafficking in Mumbai.

Apr 11, 2008

ASSET Progress Report March 2008

ASSET Center-Hyderabad-Photo 1
ASSET Center-Hyderabad-Photo 1

ASSET REPORT March 2008 1.ASSET has partnered with BeyondCore.com for ASSET students to be trained in BeyondCore’s Software as a Service (SaaS) solution.

2.SaaS automatically measures business process error rates and identifies the root causes of errors. Rooted in the Toyota Production System and Six Sigma, BeyondCore's solution can be deployed in days, pays for itself in weeks, and requires just 30 minutes of training.

3.BeyondCore improves the quality of outsourced and in-house back-office business processes like applications / claims processing, General Ledger, coding and billing in the Financial Services, Healthcare and other industries.

4.As the Indian IT industry gets ready for the next big wave in e-publishing and healthcare tourism, ASSET students will be ahead with their IT skills supplemented by BeyondCore’s TCE reduction solution.

5. One of ASSET's major donors wishes to fund technology based social businesses for ASSET and then introduce microcredit for business development. ASSET has been introduced to Grameen Founder and Nobel Laureate Dr. Muhammad Yunus to explore this further.

6. Catalyst Pharma Group Inc., a pharmaceutical research company based in Pasadena, CA wants all its Data management work done by ASSET students in India. Negotiations are underway.

7.ASSET has completed discussions for opening a center in Mumbai in partnership with Pratham, one of the most reputable NGOs in India.

8. ASSET has been invited to Cornell to meet with Professor Stu Hart and his staff at the Center for Sustainable Global Enterprise, Johnson Graduate school of Management. Cornell is interested in using their Bottom of the Pyramid (BoP) business model for ASSET for social businesses that Nav is willing to fund. The Indian School of Business (ISB) in Hyderabad is involved as well.

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ASSET India Foundation is a finalist for the Stockholm Challenge award

---------- Forwarded message ---------- From: Ulla Skidén <ulla.skiden@stockholmchallenge.se> Date: Fri, Mar 21, 2008 at 4:04 AM Subject: You are a finalist in the Stockholm Challenge Award 2008 To: rayu42@gmail.com Cc: maral@stockholmchallenge.se

Dear Mr Umashankar,

We are very pleased to inform you that the jury has selected your entry of Achieving Sustainable Social Equality Through Information & Computer Technology, in the Stockholm Challenge Award 2008 to be a finalist with a chance to win the Stockholm Challenge Trophy.

The winner in the Education category will be announced at the Gala Dinner and Award ceremony in the Stockholm City Blue Hall (venue of the Nobel Prize banquet) on May 22. The winner will receive the Stockholm Challenge trophy and certificate of achievement and a cheque at that event. <snip> Once again, congratulations on your success in becoming a finalist in the Stockholm Challenge Award 2008, we look forward to greeting you in May, during Challenge Week! Kind regards Ulla Skidén Director and Earl Mardle Chairman of the Jury www.stockholmchallenge.se

The Stockholm Challenge is an ICT for development programme at the Royal Institute of Technology (KTH). It culminates in the Challenge Week Event, May 19-22, 2008. KTH offers a broad range of masters programmes taught in English. More information http://www.stockholmchallenge.se/kth *************************** ASSET India Foundation has been nominated for the Tech Museum award in the Equality category. http://www.techawards.org


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