On Sept. 9, The Iron Yard launched the Tech Opportunity Fund in collaboration with with Code Fellows and Operation HOPE. The objective of the Tech Opportunity Fund is to eliminate barriers and increase access to tech education in order to increase diversity in the industry.
Want to know more about the Tech Opportunity Fund? Read on -- we’ve got 5 “need-to-know” facts about the Fund.
This is where Operation HOPE comes in. The organization’s role in the Tech Opportunity Fund is core financial literacy education and entrepreneurship training. Financial literacy can be a major barrier for someone who wants to enter the tech industry, so the Fund addresses that head on. Additionally, other needs -- like affordable housing, counseling and transportation -- will be addressed through partnerships with city-level government bodies and civic organizations.
It’s a lofty goal, but it’s absolutely doable. The Iron Yard has committed $40 million in scholarships and Code Fellows has committed $5 million. So what about the rest of the money? To reach $100 million, they’re calling on U.S. businesses, code schools and civic organizations to provide funding for scholarships and contribute resources.
We already mentioned the amount both The Iron Yard and Code Fellows have committed to the fund in full-tuition program scholarships, but can we take a moment to really appreciate what they’re doing here? We think Rodney Sampson, a partner of the Tech Opportunity Fund and partner at TechSquare Labs, put it best when he said, “The creation of the Tech Opportunity Fund is unprecedented. By far, it is the largest tangible strategic financial commitment to diversify the technical talent and workforce that will drive our nation toward an inclusive innovation economy for all.”
There are important details you should know first, like the fact that you can only apply for a scholarship once you’ve been accepted to a participating code school. Also, scholarships will be awarded to qualified recipients on a first-come, first-served basis. Applicants can apply at http://www.techopportunityfund.org/.
It’s not too shabby, if you ask us:
Las Vegas, NV
New York, NY
Salt Lake City, UT
San Antonio, TX
Click here to learn more about the Tech Opportunity Fund.
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