Saturday, April 1, 2023

This venture wants to educate and employ 2,000 Mexicans for free

Any Mexican who is interested in learning about technology can participate to become a student of the Henry Initiative, which invests in the education of people.

Henry is a venture started in March 2020 with the intention of training professionals in Latin America to meet the talent needs of the tech sector in companies.

As an initiative that educates people without any investment, but also helps them find jobs, Henry’s founders managed to add funding to their project last year with an investment of $10 million.

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Thus, the educational program has developed in such a way that this year, according to Federico Hernández, co-founder, aims to put 2,000 Mexicans on the payroll of any company, even tech giants like Google or Facebook. In Henry’s too.

“The pandemic opened up a huge opportunity to export talent from Latin America to developed markets,” he remarked in an interview.

He said that companies like Google, Facebook or Uber can hire good talent like Americans at low cost, so there is a good opportunity for this sector.

plan in detail

After nearly 3 years of operation, Henry has approximately 10,000 graduates from its career programs that last an average of 5 months.

Courses in Data Science, or Full Stack Development, are taken remotely and can be studied by any high school graduate, or even those who already have a profession.

“Unlike traditional academies, we offer two majors where students only pay once they complete and get a job,” said Luz Buchhardt, co-founder of Henry.

When Henry graduates get a job, they return only 15% of their income to the initiative, a total of $4,000 (about 74,000 pesos).

Although Henry’s certification is not officially valid in Mexico at this time, this model offers students the necessary learning to meet the real needs that companies currently have.

“We teach them the most sought-after skills in the market because we have designed courses with other companies, because we have conducted more than 200 interviews with technology companies,” explained Luz Buchhardt, who specified that the program is always updated. There are constant modifications to be made.

Henry promises to stay with the bachelors until they are put on the company’s payroll, so that at that time they can meet the initial revenue sharing requirement.

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