Impact Bond: Academia de Codigo Bootcamps (Code Academy Bootcamp)
Stage of development: Complete
Jurisdiction: PT
Policy sector: Employment and training
Social challenge: According to the European Commission, Europe is facing a shortage of up to 900 000 skilled ICT workers, 15 000 of whom are needed in Portugal alone. On one hand there is an extremely high youth unemployment rate, whilst on the other hand there is an enormous need for coders in the Information Technology sector. The Academia de Código bootcamps intervention thus focuses on this mismatched demand and supply, allowing its students to radically change their professional path.
Intervention: The intervention aims at increasing the employability of unemployed young people by helping them develop computer programming skills through an intensive training programme lasting 14 weeks (650+ hours). The project offered 9 bootcamps with 22 students each. 
Date outcomes contract signed: 2017-01
Start of service provision: 2017-01
Anticipated end of service provision: 2020-04
Actual completion date: 2021-05
Total investment commitment currency: EUR
Total investment commitment: 723500
Total investment commitment (USD): 815305.5021
Target population: Unemployed young people in Fundão, Portugal. 
Targeted number of service users or beneficiaries: 198
Targeted unit type: Individual
Actual number of service users or beneficiaries engaged: 174
Actual unit type: Individual
Notes: The 4 Portuguese SIBs, Junior Code Academy, Family Project, Bootcamp Code Academy and Bring Yourself Forward were funded by Calouste Gulbenkian, a grant-making Foundation headquartered in Lisbon.