Google has launched its new education-focused lottery that gives students a chance to enter a new career.
The $25,000 prize offered by the program, which will run for two years, includes tuition, up to $50,000 in scholarships and up to five years of professional development.
The company will be using the money to build its new software-development lab in Toronto, which is located on the site of the old Google campus.
The prize is also designed to provide an incentive to students to continue their studies after graduation, Google said.
The initiative comes at a time when many of the world’s most successful companies are looking to attract and retain high-skill engineers.
“The opportunities are there for software engineers to stay on top of their careers,” Google cofounder Sergey Brin said in a statement.
“If you’re interested in building a successful software company, it’s very important to have an education and experience that is in-demand and accessible.”
The announcement comes after a string of high-profile exits from tech companies in recent years, including former Google co-founder Larry Page, Google Chief Executive Sundar Pichai, and CEO Sundar Harchand.