A new initiative lead by computing giant Intel has pledged to provide financial funding to the tune of $3.5 billion to over 10,000 new graduates looking to work in the technology market.

Among the companies involved in the initiative are Google, Microsoft, Adobe, Dell, Yahoo! and more.

A statement by Intel CEO Paul Otellini read:

“We simply must have a clear, consistent strategy to promote innovation, investment and start-up companies.

There are things business can do, and ought to do, independent of what government achieves…Today’s announcements are both an investment in the country’s innovators and a signal to the global marketplace about America’s commitment to innovation and future competitiveness.”




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