23XI Racing has announced SPEED (Scholarship, Professional Education, Executive Development) Institute, an initiative designed to enhance opportunities for students and job-seekers in the motorsports field. The program will focus on scholarships, internships, professional education, and executive development with 23XI Racing and its partners. 

The establishment of the SPEED Institute—designed to support 23XI Racing’s diversity, equity, and inclusion (DEI) efforts—is the latest step for the team’s overall commitment to creating a race team where a diverse workforce is a priority. 

“We want to create an avenue for students to feel welcome in motorsports and help open doors for them, either through working with us directly or by working with our partners to find opportunities to learn and grow,” said Denny Hamlin, co-owner of 23XI Racing.

23XI will offer the following programs through the SPEED Institute:

Scholarships: 23XI Racing and its partners will offer scholarship programs to students interested in marketing, communications, human resources, finance, engineering, and trade disciplines in the automotive industry. 

Internships: 23XI Racing will offer paid internships to students to increase participation from underrepresented groups in the disciplines of technology and engineering and in the business of motorsports, including trade disciplines. The program is designed to give undergraduate and graduate students opportunities to learn the motorsports industry in various fields both virtually and in person at the 23XI Racing shop. 

Fellowships: The 23XI Fellowship Program is an opportunity for students pursuing an undergraduate, graduate, or doctoral degree in Science, Technology, Engineering, and Mathematics (STEM) disciplines to receive a scholarship and be employed upon degree completion at 23XI Racing. 

Diversity Recruitment and Executive Development: 23XI Racing is committed to creating a diverse workforce. These recruitment and development programs will provide opportunities for underrepresented individuals who are out of school and who have an interest in working in motorsports.

More information, including additional partner programs, will be announced at a later date. 

For more information, visit 23xiracing.com/speed-institute.