Computer giant Microsoft has described a new college as an "opportunity to bridge the gap" for developing UK technical talent.
Based in Bletchley, Buckinghamshire, the South Central Institute of Technology opened its doors in June.
Courses offered include software development, programming, digital marketing and game development.
Students could study for degree-level qualifications for a third of the fees charged for similar university courses.
The project has been led by Milton Keynes College with a number of partner companies including Microsoft, KPMG and Cranfield University.
The government announced the locations for a dozen "Institutes of Technology" in 2019, with construction in Bletchley starting in 2022.
