The document discusses the challenges faced by engineering graduates due to a lack of practical, hands-on training and the high cost of lab equipment, which negatively impacts their employability and the industry. It highlights the growing market for virtual and remote laboratories, projected to reach $800 million by 2020, and presents Labicom's innovative solution that enables remote control of real equipment and virtual simulators for effective training. The document underscores the need for improved partnerships between educational institutions and industries to bridge the skills gap and optimize workforce training.