Google launches $100 million career certificates fund

Google is launching an initiative that it says will help more than 20,000 Americans with job training and placement through its $100 million Google Career Certificates Fund.

The project, which CEO Sundar Pichai called "a new kind of financing model," aims to drive $1 billion in wage gains, and ultimately equip people with job-ready skills in fields like data analytics, IT support, project management, and UX design - no degree or experience required.

Designed around student access, the program sees students earn Google Career Certificates and is available at no upfront cost. Participants are connected with a consortium of 150-plus companies looking to hire workers with these skills, and only pay it back once they land a job earning at least $40,000 a year. Social Finance will then redistribute repayments to future learners for a more sustainable model.

Over 70,000 Americans have now completed these certificates, Pichai noted. "They are available to anyone, no college degree required. Seventy-five percent of graduates report seeing a positive impact on their career within six months, including a raise or a new job."

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