HP will be developing IT skills among its SME partners, as well as within the broader market, with its HP Business Institute (HPBI), set up as an equity equivalent for broad-based BEE.
The HPBI is an enterprise and skills development drive focusing on growing SMEs in the ICT sector. It aims to equip young graduates and existing employees, working for the participating SME’s, with the necessary high-end skills to excel in the sector.
The opportunity for SMEs is to develop their businesses into more competitive and productive entities, and ultimately to provide value-added services and consultancy to their overall product offering, as opposed to the more traditional box-drop business.
In conjunction with SMEs, HP will identify up to 300 students annually who will be placed in short-term skills programmes and one-year learnerships.
The first group of students will start their studies in February 2008.
In August this year, under the Department of Trade and Industry’s (DTI) Codes of Good Practice, HP was the first South African company to obtain approval for an Equity Equivalent investment proposal under the government’s B-BBEE initiative.