Published On: Tue, Mar 13th, 2018

WeWork expands its Flatiron School education activities to London with £ 1 million in scholarships

WeWork – the $ 20 billion co-working startup with around 200,000 members in 200 locations around the world – is continuing its strategy of expanding into a wide range of adjacent operations to grow its business. Today the company has announced that it will expand the Flatiron School focused on coding abroad, starting in London in June.

Alongside this, he is also launching a scholarship program, offering £ 1 million in taxes to people from under-represented technology groups to enroll in Flatiron classes, working with existing local groups such as AllBright, Code Bar and Women Who Code for spread the word.

This is the first move of Flatiron School outside the United States for its physical classes – it had already offered online courses internationally before this – and in particular it is also the first major educational effort of WeWork since it acquired the startup New Yorker last October for an undisclosed figure.

From the acquisition of Flatiron, Dave Fano, WeWork’s chief growth officer, who joined WeWork when the company acquired its startup, building the Case modeling company, announcing the beginning of the folly of acquiring the company, claimed that the idea was to make Flatiron work as usual, offering a variety of online and in-person codes and related courses. Now it’s changing, because WeWork puts the acquisition at work, so to speak.

The expansion of the types of services offered in European markets is an interesting move for WeWork. For example, when it was first opened here in London, for example, people who rented benches in other people’s offices or worked in dedicated co-working spaces, was already a standard practice.

“There was already a lot of co-working, so there was no need to educate the market,” Fano said in an interview. So adding more services and offers is a way to help differentiate WeWork from the rest of the productivity package. The instruction combines a series of other services developed by WeWork, from offering all-in and office-optimized spaces (complete with the ubiquitous glass decanter of infused fruit water in the kitchen) for both individuals and for the management of other companies, through event planning (through the acquisition of Meetup), and probably more in line.

On the other hand, this move is also an indication of how Flatiron, which had raised a modest $ 14 million loan in its five years of life before being acquired, is using the well-capitalized WeWork acquisition to increase and compete against the like the General Assembly and others that have doubled the international expansion to build their encoding education activities.

The Flatiron School business in London will take place at Finsbury Pavement, one of WeWork’s multiple London locations, and will begin with two courses, one of full-time immersion for a software engineering course that will last for 15 weeks; and the other a part-time front-end web development course that will last 10 weeks.

There have been many efforts, both private and public, to help increase technological literacy among the world’s workforce, as industries and economies hope to train people for the next generation of jobs as they Legacy roles and processes become obsolete, and all signs indicate a more digital, connected and technological future.

Not all have been performed at home, however, with many programs that fail to connect the points between the new skills and then apply them in real jobs. And of course there remains a large digital divide between those who are already socially or economically challenged to gain access to training or future job opportunities.

The company claims to have a strong success of successes for its educational program.

“In the United States, Flatiron School has established the benchmark for education planning with its first community learning platform, the open source curriculum aligned to the market and the approach focused on educational outcomes,” says Adam Enbar, co-founder and CEO of Flatiron School. “Since 2012, Flatiron has maintained a graduation rate of 99% for its software engineering programs in New York and over 2,000 students have graduated from Flatiron School to date, both in on-campus and online programs. our new Flatiron location in London, we will be able to give more people access to get the skills they need to create the work of their lives. ”

Meanwhile, a school spokeswoman said they also have a 99% job placement rate for job seekers in New York in the immersive program area and 97% overall positioning in software engineering, iOS development and fellowship programs.

It’s a small start, but offering £ 1 million in scholarships alongside the launch can offer at least a small push in trying to solve that problem. And for WeWork, which has now raised $ 7.3 billion in funding – including support from the seemingly bottomless funds of Softbank’s Vision Fund – a $ 1 million stock market fund is a small change, so let’s hope it succeeds. and who can consider how to distribute it More.

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