We advised Startup Wise Guys, an active early stage investor and accelerator in our region, on investing in training start-up Turing College. In collaboration with technology companies, this “alternative university” (as described by its founders) will offer 6 or 12 months of intensive distance learning.
At this stage, the company has attracted EUR 1.2 million in investments. Startup Wise Guys invested together with Tesonet Group, Omnisend, computer game company Unity Technologies LT and Motieka Investment Fund. A large part of the amount invested is also from EU funds.
Learning process similar to working in a company
Turing College has started admissions to its Data Science degree programme, which has been developed in response to employers’ needs. Training will take place remotely, using work organization methods and technological solutions as applied by IT companies. Much attention will be paid to practical assignments and teamwork. All this aims to make the learning process as similar as possible to working in a company. There will be no regular teachers in the digital college – learning will take place on a peer-to-peer basis. Students’ studies will be overseen by team leaders of IT companies.
Says Lukas Kaminskis, CEO and one of the founders of Turing College: “This is not just another programming school for those who have the money to pay for their studies. Our studies are intended for hard-working and persistent people, who will take responsible positions in leading technology companies next year”.
Our services and project team
The team advising Startup Wise Guys on all legal matters related to the investment was led by senior associate Vytautas Sabalys.