Binance Charity, the philanthropic arm of Binance, has announced plans to fund 30,650 scholarships for students interested in pursuing a career in Web3 in 2023. The Binance Charity Scholar Program (BCSP) will provide free Web3 education and training courses, enabling tech-savvy students to upskill without having to leap-frog any unnecessary financial barriers.
In a January 20 blog post, Binance Charity explained that the program is designed to address the lack of diversity and talent in the blockchain industry, as digital education and skills development can be out of reach for many. The BCSP will cover the costs of tuition and course fees at some of the world’s leading universities, colleges and vocational training providers.
The blog stated that over 82,000 applicants were interested in becoming a part of the next BCSP cohort, which equates to an acceptance rate of about 37%. Amongst the education partners getting involved include University of Western Australia, University of Nicosia in Cyprus, Frankfurt School of Finance & Management in Germany, and Nigerian-based technology hub Utiva. French-based tuition-free training center Simplon, Women In Tech, Kyiv IT Cluster, and Ukraine’s Ministry of Digital Transformation will also host some of BCSP’s events.
Binance Charity also said they partnered with the Ukraine-based departments to help re-train Ukrainians who may have lost their jobs due to the war with Russia. The partnership with Women In Tech will endeavor to train about 3,000 women in rural South Africa and Brazil to support future female entrepreneurs.
Binance Charity will also receive partnership support from Binance Academy, the company’s non-profit blockchain education portal. In 2022 alone, Binance Charity raised more than $3.5 million, most of which came in the form of Binance USD (BUSD), which helped fund over 290,000 hours of Web3 education and training courses.
Head of Binance Charity Helen Hai said interest in the program continues to grow in spades, and they’re seeing interest from a diverse range of people, including a great ratio of women. She added that the response to their Web3 education projects has been unprecedented and they’ve never been more excited to build a more inclusive Web3 world. The exact start date and filling of the scholarship positions has not been confirmed.
