Groundbreaking venture program for supporting the innovators of tomorrow
Lexington, MA & Menlo Park, CA – April 2, 2008 – Highland Capital Partners, a venture capital firm celebrating its 20th year of helping great people build great companies, today announced the launch of its Summer@Highland 2008 program. In its second year, this innovative program is designed to provide selected student entrepreneurs with the environment and resources for advancing their business initiative.
“Summer@Highland helps cross the gap between academia and the business world in bringing to market new and compelling companies,” said Tina Seelig, Executive Director of the Stanford Technology Ventures Program. “We are big supporters of such initiatives that drive the next wave of successful commercialization.”
Selected teams in the Summer@Highland program each receive a financial stipend and the opportunity to spend the summer with Highland, either at the firm’s Lexington, Massachusetts or Menlo Park, California office. The teams will have access to Highland investment professionals along with further resources for injecting real-world advice, insight and perspectives into the entrepreneurial and company-building process.
“The new innovation paradigm is increasingly looking for cross collaboration between academia and the private sector,” added Ken Morse, Senior Lecturer and Managing Director, MIT Entrepreneurship Center. “As we witnessed in 2007, Highland’s program will help further accelerate the transfer of breakthrough innovations from labs and classrooms to the global marketplace.”
“As someone who founded and started a company myself, Summer@Highland provides a terrific platform for applying our expertise and industry network to help advance the next generation of market leaders,” stated Peter Bell, General Partner at Highland. “It’s a further continuation of Highland’s long commitment in partnering with fast-growth companies at all stages of their development.”
Summer@Highland is open to undergraduate and graduate students, including those individuals that will graduate in 2008. Highland invites student teams to apply online at www.hcp.com/summer. Applications will be accepted through April 22, 2008.
“The quality of ideas and teams we’ve connected with as a result of this program is a true testament to the passion and commitment to entrepreneurship that exists within universities today,” added Michael Gaiss, Senior Vice President at Highland. “We’re looking forward to working with the best and brightest initiatives in 2008.”
About Highland Capital Partners
Highland Capital Partners was founded with the mission of helping great people build great companies. For twenty years, the firm has taken a sector-focused approach to investing in exceptional communications, consumer, digital media, healthcare and information technology companies. With over $3 billion of committed capital and offices in Boston, Silicon Valley, Shanghai and Geneva, Highland has invested in and worked to create such firms as Ask Jeeves, Avid Technology, CheckFree, Conor Medsystems, Continental Cable, Helicos BioSciences, lululemon athletica, Lycos, MapQuest, Ocular Networks, Odyssey Healthcare, Quigo, Starent Networks, Sybase, Telica and VistaPrint. For more information, visit Highland's web site at www.hcp.com.