Private Sector Pledges $240 Million for STEM Education
Rick Carter | April 7, 2015
President Obama last month announced more than $240 million of new private-sector commitments to prepare more students from underrepresented groups to excel in STEM (science, technology, engineering and mathematics) fields. The commitment is part of the President’s “Educate to Innovate” campaign that has resulted in over $1 billion in financial support for STEM programs.
Pledged funds include a $150 million philanthropic effort to empower early-career scientists to stay on track with their career goals, and a $90 million “Let Everyone Dream” campaign to expand STEM opportunities for underrepresented youth. The pledge includes a commitment from 120 colleges and universities to train 20,000 engineers, a $25 million Department of Education commitment to create science and literacy themed media, and a coalition of CEOs who commit to expand STEM programs to an additional 1.5 million students this year.
The President made the announcement at the 2015 The White House Science Fair, an annual event that celebrates student winners of a broad range of science, technology, engineering and math competitions from across the country. This year’s event included 100 students from more than 40 states.
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