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The European Investment Fund and the European Institute of Innovation and Technology said on Wednesday (28 April) they would collaborate on a project to improve access to digital education.
The scheme, which is expected to launch in June under the oversight of the institute’s digital innovative branch, EIT Digital, aims to help 500 students improve their digital skills.
Funding will come from the European Investment Fund as part of the Skills & Education Guarantee Pilot, a debt financing initiative intended to stimulate investments and access to education, training and skills.
It will provide a €2.5 million financial guarantee, allowing EIT Digital to postpone payment for the courses. The initiative will be financed under the European Fund for Strategic Investments (EFSI), which was at the centre of the Investment Plan for Europe, also known as the Juncker Plan.