Code Institute secures significant investment to address coding skill shortage
8 July 2016 | 0
Code Institute, an educational technology company delivering software coding education, has secured €500,000 syndicated investment from Kernel Capital and Enterprise Ireland.
Founded in 2014 to tackle the widening ICT skills gap across Europe, the Code Institute programme is fully accredited and certified by Edinburgh Napier University and is the only university accredited coding bootcamp across Europe.
Code Institute delivers intensive, certified bootcamp-style education programmes that provide graduates with job-ready coding skills that are immediately applicable in the workplace. The programmes are available online and in the classroom.
The syllabus for the Company’s Full Stack course was developed in conjunction with their Industry Advisory Council, including experts from PayPal, Morgan McKinley, Ogilvy, Accenture and Dell. Following the investment, Dr. Mícheál Ó Foghlú CTO, Red Hat Mobile and former co-founder & CTO of Kernel Capital Investee FeedHenry joined the Code Institute’s advisory council.
The EU Commission has identified a shortage in ICT skills is looming, with 825,000 job vacancies predicted across the EU by 2020 due to a lack of digital skills. To date, 94% of the Code Institute’s graduates have been successfully hired as ICT professionals within 3 months of graduation. This investment will be used to develop a suite of future courses and to support the company’s international market expansion plan.
Commenting on the announcement Jim Cassidy, CEO Code Institute, said: “There is a real shortage of people with coding experience both in Ireland and internationally and our intensive bootcamp course gives graduates the real-world coding and software development skills that are in demand. Our approach greatly reduces the time taken to get students job-ready, to date this has led to a 94% success rate for students being hired within three months of graduation.”