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Apple announced a $50 million multi-year commitment to the Thurgood Marshall College Fund on Tuesday to inspire and develop talent from the nation’s community of Historically Black Colleges & Universities. This is the largest corporate investment ever dedicated exclusively for students and faculty of four-year HBCUs.

The multi-year commitment will go toward creating a talent database, coordinating internships for promising students, exposure to Apple’s campus and funding faculty innovation grants focused on figuring out effective ways to encourage HBCU students into STEM environments.

What’s especially exciting about this new partnership is that select students interested in developing their own businesses with the use of technology will have the opportunity to attend Apple’s Worldwide Developer Conference. There, they’ll be able to rub elbows with some of the brightest industry leaders from across the globe.

“Our partnership with Apple is going to be a real game changer for HBCU students and faculty. Working with the most innovative company on the planet, we’re going to expose more African American students to the possibilities of a career in technology and inspire them to become future tech innovators, entrepreneurs and leaders,” said TMCF President and CEO Johnny C. Taylor, Jr. in a statement. “Apple shares our vision of a diverse workforce and working together we can ensure our students will not only have equal opportunities to pursue the jobs of their dreams, but also empower them to lead others to accomplish the same.”

Denise Young Smith, Apple’s vice president of worldwide human resources, also spoke to the opportunities this $50 million investment will provide for HBCUs and Apple alike.

“Education is in Apple’s DNA and by partnering with the Thurgood Marshall College Fund we have a unique opportunity to help inspire the next generation of diverse talent to love technology as much as we do,” she said. “Knowledge is the great equalizer and we want to invest in the best and brightest students in our HBCU schools to encourage them to pursue a career in technology or join the hundreds of thousands of app developers changing the way we all use our devices. Together, we can change the workforce for the better because inclusion really does inspire innovation.”