Udemy and SkillsFuture: Letting Singaporeans “shop” for new skills
Big news out of the Far East to kick off the week!
Over the weekend, the Singaporean government launched the SkillsFuture Marketplace, “a new roadshow through which the public can find out more about how they can spend their $500 from the SkillsFuture Credit scheme to upgrade themselves.” Udemy, with more than 280 approved courses, is one of only two online course providers currently approved for Singaporeans to apply their subsidies. This event (literally) made front-page news in The Straits Times, the country’s biggest daily newspaper.
A bit more about the program itself: Through the SkillsFuture Credit program, more than two million Singaporeans aged 25 years and above will get a starting credit of $500, which they can spend on a variety of learning resources that have been approved by the Singapore Workforce Development Agency (WDA), supported by public agencies, and offered through approved training organizations and partners like Udemy. The government is taking real action in response to the fact that nearly 45 percent of Singaporean employers believe that there is a skills shortage for talented workers.
As key partners of the program, Udemy was featured prominently at this weekend’s roadshow kick-off, getting to showcase our offerings in one of only three booths provided by the Singapore government. Deputy Prime Minister Tharman Shanmugaratnam even made a special stop at Udemy’s booth.
We’re really excited to be part of the SkillsFuture program and to continue our expansion into international markets. With more than 50 percent of our revenue coming from countries outside of the U.S., Udemy’s global presence is growing fast. In 2015, the number of Singaporean student enrollments on Udemy increased 198 percent! Local partnerships like this one with the Singaporean government are helping us reach more people with access to skills training they wouldn’t otherwise have.
Great work by Udemy’s business development team! We’ll be sharing more news from the international front very soon.