Although many industries have slowed down as a result of the economic crisis, the technology industry is still booming as many businesses look to incorporate the newest software into their systems. As a result, there is a need for careers in information technology (IT). While many companies require IT workers, they may not have the financial means to hire them, which is why financial backers are stepping in.

In an effort to create more IT jobs, Intel Corporation will be teaming with 24 venture capital firms in order to invest $3.5 billion into 17 companies for hiring recent college graduates to their IT department, according to IT Channel Planet.

When asked why Intel wanted to team up with venture capitalists, the company's president, Arvind Sodhani, told the news source that they could be an effective way to create jobs for individuals who need them.

"Venture capital investments have played an important role in creating jobs at home and keeping America at the leading edge of technology globally," he said.

According to the Bureau of Labor Statistics, IT careers are expected to increase by 17% by 2018.