TUITION PROGRAMS, PROFESSIONAL EDUCATION,
& EXECUTIVE DEVELOPMENT
Educational and Professional Development
The SPEED Institute is 23XI Racing’s educational and professional development initiative, launched in 2021. The initiative expands on the team’s diversity, equity and inclusion efforts in sports, specifically in the motorsports industry.
The SPEED Institute Programs
23XI Racing and Dr Pepper will offer tuition scholarships to students with an interest in areas such as marketing, communications, human resources, finance, engineering and trade disciplines in the motorsports industry.
23XI Racing will offer paid internships to students selected from the tuition program 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.
For students pursuing an undergraduate, graduate or doctoral degree in Science, Technology, Engineering and Mathematics (STEM) disciplines to receive a tuition scholarship and be employed upon degree completion at 23XI Racing.
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.
Dr Pepper and 23XI Racing are committed to supporting diversity in racing and promoting economic empowerment through the Dr Pepper 23XI SPEED Institute Tuition Program. Created to amplify the efforts of the 23XI SPEED Institute (Scholarship, Professional Education, Executive Development), Dr Pepper will award 23 students each with $5,000 in tuition, and 23XI’s SPEED Institute may award two tuition recipients with exclusive internships.
ABOUT 23XI RACING
23XI Racing – pronounced twenty-three eleven – was founded by NBA legend Michael Jordan and three-time Daytona 500 winner Denny Hamlin in 2020. With rising NASCAR star Bubba Wallace selected to drive the No. 23 Toyota Camry TRD, the team made its NASCAR Cup Series debut in the 2021 Daytona 500 at Daytona International Speedway. Wallace made history on October 4, 2021, when he captured his first career Cup Series win, becoming just the second African American to win in the Cup Series, and earning 23XI its first-ever victory. 23XI expanded to a two-car organization in 2022 with Cup Series Champion Kurt Busch driving the No. 45 Toyota Camry TRD. With a win at Kansas Speedway in May of 2022, Busch earned 23XI the team’s first-ever playoff berth. 23XI currently features a lineup of Bubba Wallace in the No. 23 Toyota and Tyler Reddick in the No. 45 Toyota.
WHY 23XI SPEED INSTITUTE
"I’m really proud to be associated with a team and group of partners that believe and share in the same vision that I have to make motorsports a more welcoming place for everyone. What we are building, both on the track and off the track, at 23XI Racing is really cool to be a part of and I’m excited to continue to use my platform to help open doors and bring more diversity to our sport."