The Iron Yard, the largest immersive code school in the U.S., has launched the Tech Opportunity Fund. It’s a collaboration with Code Fellows and Operation HOPE to increase diversity in the tech industry. The idea is that by removing financial barriers and increasing access to tech education for all through core financial literacy and entrepreneurship training.
Over the next five years, the Tech Opportunity Fund aims to award $100 million in diversity scholarships to in-need students from groups that are currently underrepresented in the tech workforce including women and minorities. The Iron Yard has committed $40 million in full-tuition scholarships to the school’s immersive programs over the next five years, Code Fellows has committed $5 million in full-tuition scholarships, and Operation HOPE will serve as the Fund’s financial literacy and entrepreneur training partner.
To reach the goal of awarding $100 million in scholarships, the Tech Opportunity Fund is calling on employers, code schools and civic organizations across the country to join the Fund by providing funding for scholarships and contributing resources that will support for scholarship recipients.
In addition to providing full-tuition scholarships to code school programs, the Tech Opportunity Fund will work to remove other barriers that can prevent people from pursuing a code school education. Partnerships with city-level government bodies and civic organizations will assist scholarship recipients by addressing needs such as affordable housing, financial literacy, counseling and transportation as needed.
“Indy is such a diverse and vibrant city, and has an amazing tech community that we’re passionate about supporting,” said Emily Trimble, Campus Director for The Iron Yard in Indianapolis. “By removing financial barriers that can prevent people from pursuing amazing careers in tech, The Tech Opportunity Fund will help support diversity among our city’s tech talent and extend the opportunity to learn coding to more people in the city. The Fund, combined with our current network of tech employers, has set us up to truly help grow a diverse tech community in Indy.”
Scholarships will be available on all of The Iron Yard and Code Fellows’ campuses. For more information, visit www.techopportunityfund.org.