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TheStreet Open House

Academy Cube Now Open To Match Young European Talents With Open Jobs; SAP To Invest EUR 3 Million

Stock quotes in this article: SAP

WALLDORF, Germany, Sept. 18, 2013 /PRNewswire/ -- The Academy Cube initiative today announced that the e-learning platform set up to overcome science and technology skills shortages and fight youth unemployment is generally available for students, graduates and professionals in Spain and Portugal. Founding partner SAP AG (NYSE: SAP) also announced it is investing EUR 3 million in the launch of Academy Cube in 2013.

(Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)

"Growing youth unemployment is a topic of great concern and a problem we need to fix – not just as politicians but as business leaders," said Jim Hagemann Snabe, co-CEO and member of the Executive Board of SAP AG. "New technologies provide huge opportunities for innovation and new jobs, assuming we can empower people with the required skills. With Academy Cube, we are on our way to addressing the existing discrepancy between skills the industry is looking for and job-seeking youth – and laying the foundation for a strong, vital, and innovative Europe for the 21st century."

Academy Cube is supported by nearly 30 IT and manufacturing industry leaders, European academic institutions and public agencies that share the goal of equipping 100,000 young talents with the business skills employers are looking for. Based on technology from the SAP® Cloud portfolio, the e-learning platform brings students together with matching job opportunities from partner companies and gives them advanced training to meet specific skills and job demands.

After a successful pilot phase with 32 students, the initial focus of the Academy Cube initiative is on training and facilitating job placement for young people in Southern European countries, where youth unemployment reaches more than 50 percent in some regions. The initiative expects to enlist more than 250 students by the end of the year in e-learning course work focused on the increasing digitalization of manufacturing processes, including 1) big data, 2) data management and business analytics and 3) enterprise resource planning (ERP), logistics and production optimization. The curricula will be updated and adapted based on student and industry needs.

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