Intel said part of the reason for the funding was to support minorities and to train women because these people are under represented in the tech sector.
Intel has already committed $300 million to what it calls Diversity in Technology with the aim of hiring women and under represented minorities at the company.
Rosalind Hudnell, a VP of HR at Intel, said the aim of the programme is to support women and minorities to get technical degrees so her company can hire them down the road.
Gary May, dean of the College of Engineering at Georgia Tech said: “It is a national imperative that the US continues to enhance the engagement of students of all backgrounds to create a more robust economy. The higher education and private sectors must combine forces.”
Georgia Tech has a number of initiatives on its own including summer engineering for kids, providing financial support to talented minority and non traditional students, and peer to peer mentoring.