Bertelsmann Launches Digital Education Initiative with Endowment of Around 50,000 Udacity Scholarships
Bertelsmann is launching a global education initiative to strengthen people’s tech skills: Over a three-year period, the international media, services, and education company will invest several million euros on funding as many as 50,000 tech scholarships on the online learning platform Udacity. The idea is to teach employees the digital skills needed for tomorrow’s job market. Udacity, a global pioneer in lifelong learning, is an online education platform that develops practical online courses in collaboration with leading tech companies. The company is headquartered in Mountain View, California. Bertelsmann is one of the Udacity’s largest shareholders. Bertelsmann Chairman & CEO Thomas Rabe said: “The world of work is becoming increasingly digital, with digital skills becoming more and more important in every industry. There is already a shortage of skilled workers in the digital domain, and it will only increase in the next few years. At the same time, digitalization is leading to certain work activities being replaced by tech solutions in the future." Click Read More below for additional detail.