Vermont Works Management Company, LLC, announced today a major investment in Burlington Code Academy, a boot-camp style educational organization that helps Vermont companies find the tech talent they need to grow.
The anchor investment is the fifth by Vermont Works, the newly formed, alternative investment firm focused solely on Vermont early and growth-stage companies.
“Vermont Works is focused on turbo-charging the Vermont economy statewide by supporting growth companies that will create jobs by providing investment capital empathetic with the challenges of building a company in Vermont, structured mentorship and talent development, and greater connectivity to capital and mentorship ecosystems outside the state,” said Robert Zulkoski, chairman and managing partner of Vermont Works. “Burlington Code Academy is essential to nurturing the tech talent that all companies need to grow and stay in Vermont for the long-term.”
Zulkoski said the investment is part of a larger vision for economic growth that includes the Vermont Innovation Commons, a purpose-built place and space for new business acceleration, co-working and co-living for entrepreneurs and their teams.
Vermont Works is the lead investor developing the Vermont Innovations Commons, and the Code Academy will join other intended programs based at the Commons, including a growth-stage business accelerator, K-12 STEM program, and bespoke training programs for local companies.
“This is a unique investment for the team,” said Mark Naud, executive director of the Vermont Innovations Commons. “The Burlington Code Academy will be a integral partner and tenant at the Innovation Commons, serving as a hub for other tech educational programs.”
“We are very excited about partnering with Vermont Works,” said Benjamin Boas, co-founder and CEO of Burlington Code Academy. “This investment and the mentoring they provide enable us make tech education accessible to more Vermonters and in turn provide Vermont companies with tech talent they need.”
Zulkoski will join the board of directors of Burlington Code Academy.