On Mission to Upskill 500,000 Students, MongoDB Partners With Ministry of Education's All India Council for Technical Education

Rhea-AI Summary

MongoDB has expanded its MongoDB for Academia program in India, partnering with the All India Council for Technical Education (AICTE) and learning platforms SmartInternz and GeeksforGeeks. The initiative aims to upskill 500,000 students in modern database technologies and AI-powered application development.

Key highlights include:

• A virtual internship program with AICTE and SmartInternz to provide full-stack development skills to over 150,000 students
• Collaboration with GeeksforGeeks to make MongoDB Developer Learning Path available to 25 million registered users
• Over 200 partnerships with educational institutions established
• More than 100,000 students trained and 450,000 hours of learning completed

The program addresses India's growing demand for skilled tech talent, with an estimated need for 6 million digital roles by 2028.

Positive

• Partnership with AICTE to provide MongoDB Atlas skills to 150,000 Indian students
• Collaboration with GeeksforGeeks to reach 25 million registered users
• Over 200 partnerships established with educational institutions
• More than 100,000 students trained and 450,000 hours of learning completed
• Addressing the skills gap in India's tech sector, with 6 million digital roles expected by 2028

Negative

• None.

MongoDB for Academia also working with learning platforms SmartInternz and GeeksforGeeks to equip Indian students with the knowledge needed to build modern, AI-powered applications

BENGALURU, India, Sept. 10, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced the expansion of MongoDB for Academia in India, including a new partnership with All India Council for Technical Education (AICTE), Ministry of Education, Government of India. The AICTE partnership will be supported by SmartBridge's SmartInternz learning platform to give more than 150,000 Indian students access to virtual internships and to gain the skills required to use MongoDB Atlas—the leading multi-cloud developer data platform.

As part of the program's expansion, MongoDB also announced a new partnership with GeeksforGeeks, a platform for computer science resources in India. The collaboration will make the MongoDB Developer Learning Path available to all of GeeksforGeeks' 25 million registered users.

Launched in September 2023, the MongoDB for Academia in India program provides student training, curriculum resources for educators, credits to use MongoDB technology at no cost, and certifications to help individuals start careers in the technology industry. The skills and training provided through the program are particularly important, as many Indian organizations struggle to find developers who have the skills to build modern applications and take advantage of emerging technologies like generative AI. According to a report from the National Association of Software and Service Companies, India's technology sector will demand more than one million engineers with advanced skills in artificial intelligence and other capabilities over the next three years. Overall, the industry body expects there will be a need for around six million digital roles by 2028—and the available talent pool is forecast to be 4.7 million workers. This gap underscores the need for increased collaboration between industry and academia to upskill students and educators in India to meet the demands of the country's large and growing economy.

"In India, we have a massive opportunity with the current wave of AI and modern technologies that will transform our lives and economy in the coming years. But to take advantage of that opportunity, it is vital our developers have the right skills. We're excited to partner with MongoDB to help make that possible," said Dr. Buddha Chandrasekhar CEO, Anuvadini AI, Ministry of Education and Chief Coordinating Officer, AICTE, Ministry of Education, Government of India.

To address this challenge, MongoDB for Academia is partnering with the All India Council for Technical Education (AICTE), the Indian government's authority for the management of technical education, and the edtech platform SmartBridge to launch a virtual internship program through the SmartInternz platform. Aligned with the government's Skill India Initiative, the program aims to provide full-stack development skills to over 150,000 students. Each internship will include 60 hours of experiential learning, hands-on bootcamps, courses, and project work, as well as simulated corporate environments where students can apply their learned skills, collaborate with peers, and receive mentorship.

"We've seen great appetite and interest on our platform for modern database technologies like MongoDB. We want to equip students with knowledge of in-demand technologies so they have skills they need to become the job-ready candidates India's organizations are looking for," said Amarender Katkam, Founder and CEO at SmartBridge and SmartInternz.

In the past year, the MongoDB for Academia program has made major strides toward its goal of upskilling 500,000 students. To date, more than 200 partnerships with educational institutions have been established, as well as collaborations with other government and private organizations. Hundreds of educators have been onboarded on to the MongoDB for Academia program, more than 100,000 students have received skills training, and over 450,000 hours of learning have been completed.

"India loves developers and so does MongoDB. I'm so proud of the work our MongoDB for Academia team is doing to empower Indian developers and to support the next generation of tech talent in this country," said Sachin Chawla, Area Vice President, India at MongoDB.

MongoDB for Academia is also expanding to partner with GeeksforGeeks which will see the organizations collaborate on a number of new projects, including the syndication of key full-stack development courses to learners both in online and offline GeeksforGeeks centers across India. The MongoDB Developer Learning path will also become available to all GeeksforGeeks users, and is expected to reach more than 100,000 aspiring developers.

To learn more about MongoDB for Academia, visit mongodb.com/academia.

MongoDB Developer Data Platform

MongoDB Atlas is the leading multi-cloud developer data platform that accelerates and simplifies building with data. MongoDB Atlas provides an integrated set of data and application services in a unified environment to enable developer teams to quickly build with the capabilities, performance, and scale modern applications require.

About MongoDB

Headquartered in New York, MongoDB's mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, our developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today's wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Forward-Looking Statements

This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning MongoDB's launch of the MongoDB for Academia program in India. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: the impact the COVID-19 pandemic may have on our business and on our customers and our potential customers; the effects of the ongoing military conflict between Russia and Ukraine on our business and future operating results; economic downturns and/or the effects of rising interest rates, inflation and volatility in the global economy and financial markets on our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; social, ethical and security issues relating to the use of new and evolving technologies, such as artificial intelligence, in our offerings or partnerships; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2023, filed with the SEC on September 1, 2023 and other filings and reports that we may file from time to time with the SEC. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

Investor Relations
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ir@mongodb.com

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FAQ

What is MongoDB's goal for upskilling students in India?

MongoDB aims to upskill 500,000 students in India through its MongoDB for Academia program, focusing on modern database technologies and AI-powered application development.

How many students will the AICTE partnership with MongoDB (MDB) reach?

The partnership between MongoDB (MDB) and AICTE, supported by SmartInternz, aims to provide full-stack development skills to over 150,000 Indian students through virtual internships.

What is the scope of MongoDB's (MDB) partnership with GeeksforGeeks?

MongoDB's (MDB) partnership with GeeksforGeeks will make the MongoDB Developer Learning Path available to all 25 million registered users of the platform, potentially reaching over 100,000 aspiring developers.

How many partnerships has MongoDB (MDB) established with educational institutions in India?

MongoDB (MDB) has established over 200 partnerships with educational institutions in India as part of its MongoDB for Academia program.

What is the projected demand for digital roles in India by 2028, according to the MongoDB (MDB) press release?

According to the press release, there is an expected demand for around 6 million digital roles in India by 2028, with a projected talent pool of 4.7 million workers, highlighting a significant skills gap.