The pledge bolsters a $100 million fund by other coding schools to boost the ranks of woman and minorities within the tech industry.
Seattle coding school Code Fellows is joining with other code schools to create a scholarship fund to help increase diversity within technology ranks.
The $100 million scholarship fund will award free tuition to students who are part of groups that are underrepresented within the tech industry, including women and minorities.
Code Fellows is committing $5 million in scholarships to the Tech Opportunity Fund, and large coding school The Iron Yard is pledging $40 million. The remainder will come from companies and civic partners, according to a news release announcing the news.
Vice President Joe Biden announced the fund Friday in a St. Louis speech.
Most Read Business Stories
- Despite Washington's labor shortage, thousands on long-term unemployment can't find a job
- Seattle biotech startup aims for 'new paradigm' in medicine by parsing proteins
- Extended warranties for cars are ‘fraught with peril for consumers’
- San Francisco tenants get 6-figure buyout to leave luxe unit
- Seattle-area employers rethink the rules on masking, vaccines as pandemic takes a new turn
The scholarships launch in January and will be distributed over five years.
Code Fellows offers intensive “boot-camp” classes that teach software-development skills. Its classes cost $20,000 for all four levels.
Coding schools, including Code Fellows and Bellevue-based Coding Dojo, have offered scholarships for courses, especially to underrepresented groups in tech.
Code Fellows said it will raise the funds from local companies that hire graduates.
Tech companies have committed resources and attention in recent years to the lack of diversity within its ranks. Several companies released diversity statistics and vowed to make changes.