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City of Miami Mayor Francis X. Suarez recently announced a partnership between Venture Miami (City of Miami) and The Miami Foundation to launch the Venture Miami Scholarship program, with funding from Citadel founder and CEO Ken Griffin.
The program provides tuition support to in-need city residents who have been accepted into STEM and other in-demand occupation programs at participating local colleges and universities, including the University of Miami, Florida International University, Florida Memorial University, and Miami Dade College.
“Today marks a momentous milestone for the City of Miami,” Mayor Suarez said. “The whole purpose behind the Miami Movement was to create a boundless stream of opportunities for our residents to jumpstart their careers in the economy of tomorrow, and the Venture Miami Scholarship does just that. I am very proud of the whole team at Venture Miami for delivering on an initiative that furthers our mission of building a Miami That Works for Everyone.”
“This effort will help remove financial barriers for students who are pursuing technology, engineering and science degrees, further accelerating Miami’s path to becoming an international leader in finance and technology,” Griffin said.
“Ensuring that Miami prioritizes equity and opportunities for all is one of The Miami Foundation’s core missions, the Venture Miami Scholarship will make sure that our growing tech and innovation ecosystem reflects the rich diversity of our vibrant Miami community, by putting education and learning into the hands of all those who are our future workforce,” said Rebecca Fishman Lipsey, president and CEO of The Miami Foundation.
The program is launching with an initial $500,000 allocation from the City of Miami, which is being matched by Miami Dade College, Florida International University, Florida Memorial University, and University of Miami. Griffin has issued a bold $1 million challenge grant to build sustainability for this fund, in addition to an initial $250,000 gift. The Miami Foundation is responsible for managing all facets of the scholarship’s funding and execution.
Venture Miami Scholarship will activate for the Spring Semester of the 2022-23 academic year for students who meet the requirements.
For more information visit https://miamifoundation.org/venturemiamifund.
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