French education tech company 360Learning secures €1.8 million grant from the French government for advancing AI-driven, competency-based educational programs.
360Learning Secures €1.8 Million Grant to Combat Europe's Skills Crisis
The French Government has awarded a €1.8 million grant to collaborative learning platform, 360Learning, to advance its mission of delivering skills-based learning that enhances business performance.
Impact on 360Learning
The grant will accelerate the development and enhancement of 360Learning's AI-based learning systems. This includes expanding its team of software engineers and machine learning specialists in Paris to focus on advanced AI technologies.
The platform aims to deliver personalized training solutions with measurable outcomes. This involves rapidly identifying skill gaps and providing targeted upskilling and reskilling programs for employees, customers, and partners.
By advancing AI-powered learning, 360Learning can streamline the entire learning and development process. This includes course creation, content delivery, and skill development insights, allowing Learning & Development (L&D) teams to focus on closing critical skills gaps efficiently.
Addressing Europe's Skills Crisis
Europe is facing a severe skills shortage, particularly in fields like healthcare, software development, cybersecurity, and finance. Two-thirds of EU small and medium-sized enterprises struggle to find skilled workers.
The skills gap is projected to cost businesses over €1.2 trillion by 2030. Addressing this crisis is essential for maintaining business competitiveness and agility in a rapidly evolving job market.
The grant supports 360Learning's mission to provide skills-based learning that enhances business performance. By leveraging AI, the platform can help bridge the skills gap, making European businesses more competitive on a global scale.
Overall, the grant will enable 360Learning to enhance its AI-powered learning systems, offering more effective and personalized training solutions to combat Europe's skills crisis.
With over 2,500 customers, including major companies like Michelin, Safran, and Malakoff Humanis, 360Learning is well-positioned to make a significant impact on the continent's skills shortage. The company's AI-powered platform makes skills-based learning actionable at scale, enabling L&D teams to focus on closing critical skills gaps through targeted upskilling and reskilling campaigns.
Skills-based learning is emerging as a strategic solution to help individuals take control of their development while enabling organizations to stay competitive. Employees using 360Learning can track their skill growth, boosting engagement and career progression.
The grant is part of France's 2030 investment strategy to drive industrial transformation through innovation. The French Government grant recognizes AI's transformative potential in learning. AI-powered workflows on 360Learning enable L&D teams to automate tasks, empower subject-matter expert (SME) knowledge sharing, and deliver personalised learning at the right time on the right device.
Organizations without effective upskilling and reskilling strategies may fall behind in the global innovation race. Benjamin Marchal, CEO of 360Learning, stated that skills gaps are rapidly widening. He emphasized that addressing these gaps is crucial for businesses to remain competitive and innovative.
In conclusion, the €1.8 million grant from the French Government to 360Learning will have a significant impact on the company's AI-powered skills-based learning platform. By focusing on personalized training, scalable learning & development, and the advancement of AI technology, 360Learning is poised to help combat Europe's skills crisis and drive business success in the digital age.
The €1.8 million grant awarded to 360Learning will be utilized to advance their AI-based learning systems, further integrating artificial-intelligence into their education-and-self-development platform for more effective and personalized learning experiences. With this enhancement, 360Learning aims to provide learning solutions that address the skill gaps in various industries across Europe, thereby contributing to the combat against the continent's skills crisis.
