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Access to opportunity, particularly within the technology ecosystem, isn’t always created equal.
According to a recent USA Today article on June 26, 2014 by Jessica Guynn and Elizabeth Weise, the technology industry’s predominantly white and Asian male workforce is in danger of losing touch with the diverse nation – and world – that forms its customer base. Recently released numbers from some of the largest and most powerful companies confirm what many had suspected: Blacks and Hispanics are largely absent, and women are underrepresented in Silicon Valley – from giant companies to startup-ups to venture capital firms.
Code.org predicts that there will be one million (1,000,000) more computing jobs than students by 2020.
Additionally, less than one percent of the more than $25B U.S. angel and $25B in venture capital is invested in underrepresented companies each year. This is attributed to the lack of talent, fundable startups and early stage companies and access to seed and early stage capital.
The Iron Yard is committing the initial scholarships to the Tech Opportunity Fund. Learn more here.