CODE2040 raises $1.3 Million from Intel

By | February 24, 2016
Intel code2040

CODE2040, a non-profit organisation helping black and Latin kids to get introduced to and involved in tech, has raised $1.3 Million from Intel. The investment marks Intel’s partnership with Code2040 for several years to come to spread the love for technology and coding in the areas which are considered technologically deprived. This news comes around a month after Code2040 had raised $1.2 Million from Knight Foundation.

Talking about the development, Barbara McAllister – Corporation Executive Director of Strategy and External Alliances, Intel wrote on Medium, that Intel is excited about the educational, entrepreneurial and professional opportunities in terms of technology and partnerships like this will provide better options and ways to Intel in making a mark in the tech industry.

The raised money will be used to scale the popular Code2040 fellowship which lets the students get support and internship offers from topnotch tech companies from across the globe. It helps the deserving students attend tech workshops across the world. As a part of the agreement with Intel, Intel will host 60 of the chosen interns at its Santa Clara campus. Also, Intel will be hosting the winners of TAP program’s tech trek, an event, which goes on for 5 days.

Laura Weidman Powers, CEO – Code2040 expressed her happiness over the multi year partnership with Intel. She added that opportunities like these will help the organization get more students interested in its programs over the years and they can surely be a difference to provide better opportunities to black and Latino kids.