BNY Mellon provides resources to support Code2040’s aim to ensure that by 2040, people of color – Blacks and Latinos – are proportionally represented in America's innovation economy as technologists, investors, thought leaders and entrepreneurs.
Code2040 aims to close achievement, skills and wealth gaps in the U.S. Their goal is to ensure that by 2040 – the start of the decade when the majority of the U.S. population will consist of people of color – Black and Latinos are proportionally represented in America's innovation economy as technologists, investors, thought leaders and entrepreneurs.
In 2016, BNY Mellon became the first financial institution to host a Code2040 Fellow.
BNY Mellon provided grant funding to expand Code2040’s Fellows Program and Technical Application Prep, which has more than 4,000 students and early career professionals in the network. Our grant helps African Americans and Latinos succeed in technology and gives technology companies access to a broad pool of qualified talent. The Fellows Program places high-performing software engineering students in internships with top tech companies while providing mentorship, leadership training, career coaching, skills building and network development. Encouragingly, more than 90 percent of Fellows receive a job offer from their host company. In 2016, BNY Mellon became the first financial institution to host a Fellow. The Technical Application Prep program prepares students for careers in technology through career coaching, leadership training and entrepreneurship mentoring, retreats and workshops.
“The environment Code2040 provided helped me equip myself with the tools I would need to not only navigate tech, but the entire world as a black man,” said Ocean Evers-Pete, 2016 Code2040 Fellow. “Though the time was short, the knowledge and connections I gained over that summer will surely last a lifetime.”