Hyderabad is set to become a hub for creation of youth employment, with a global network of bodies working for jobs launching an academy to organise and train youths.

The academy, to be launched at the Youth Employment Summit (YES) regional forum for South and Southeast Asia, will conduct research and identify employment opportunities in various sectors and work towards capacity building.

The US-based Education Development Centre (EDC), the Andhra Pradesh government, the MS Swaminathan Foundation and some others are partners for the Academy, which will also undertake projects.

Poonam Ahluwalia, executive director of EDC that the centre had raised $200,000 through several UN bodies.

Various groups such as the Hyderabad-based Reddy Foundation, which is training youths for employment, have also come forward to become partners in the Academy.

Ahluwalia said the Academy was being set up in Hyderabad as the city had received global recognition due to several innovative projects in different sectors.

EDC is an international, non-profit organisation with 325 projects in 40 countries dedicated to enhancing learning, promoting health and fostering a deeper understanding of the world. The organisation raises $80 million every year.

The YES Campaign, launched last year at Alexandria, Egypt, is working to build the capacity of young people to create sustainable livelihoods.

"It was launched in response to the enormous challenge of youth unemployment facing most countries and affecting millions of young people around the world," said Ahluwalia.