OAKLAND (CBS SF) — Intel has pledged $5 million over the next five years to create a pilot project Oakland schools that will produce hundreds of computer scientists.

The Santa Clara-based company will work with students at Oakland Tech and McClymonds, providing computers, developing curriculum, and training teachers.

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The program aims to send 600 graduates on to college computer science engineering programs. These ‘Intel Scholars’ will get scholarships, and eventual internships and jobs at Intel.

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“We want parents to know: if you encourage kids going into this field, there is a job waiting for them,” Intel’s chief diversity officer Rosalind Hudnell told USA Today.

Intel’s CEO Brian Krzanich said the company has wanted to do something in K-12 education targeting underrepresented minorities. “We thought we should start in our own backyard.”

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If successful, the program could become model for other schools and tech companies around the nation.