The printer firm said its 'institute' will offer modules that will give young people practical experience and the job skills necessary for work as an IT professional.
Research has shown that there is a lack of job-focused IT skills among UK school leavers and graduates.
Under the scheme, HP plans to improve the IT skills of more than 20,000 people over the next four years.
Modules will teach industry-standard technology – such as cloud computing – via a variety of learning methods – courseware, practice tests and hands-on labs.
Business secretary Vince Cable said: "The UK workforce stands to gain from initiatives such as the Institute programme which will help provide strategic direction and ensure that companies have the right skills to grow in this rapidly changing world."
De Montfort University (DMU) is one of the launch partners for the initiative. It piloted the programme in its Informatics department earlier in the year.
It plans to offer modules of the programme across all its degrees.
"We want to extent this into the area of performing arts and into fashion, because ICT pervades all parts of society," said Professor Dominic Shellard, vice-chancellor at DMU.