Fourth Year Program Provides Unique Platform to Help Next Generation of Talented Entrepreneurs Advance their Startup Initiatives to the Next Level
LEXINGTON, MA & MENLO PARK, CA – February 3, 2011 – Highland Capital Partners, a venture capital firm focused on helping exceptional entrepreneurs build great companies, today announced the launch of its Summer@Highland 2011 program. In its fourth year, this innovative program provides selected university-affiliated startup founders and teams with the environment and resources for advancing their business initiative.
“We’re very excited about the opportunity to work closely again this summer with the next class of exceptional founders with big, disruptive and breakthrough ideas,” stated Peter Bell, General Partner at Highland. “Summer@Highland is a further continuation of Highland’s efforts of finding innovative ways to partner earlier with talented entrepreneurs in helping to create the next generation of market leaders.”
Designed as an entrepreneurship program, Summer@Highland provides a platform that enables entrepreneurs and startups to further focus on advancing their initiatives over the summer. Selected teams will each receive a $15,000 financial stipend along with complimentary office space at a Highland location either in Massachusetts or California. Participants will have access to the Highland team, entrepreneurial mentors, and further resources for injecting real-world advice, insight and perspectives into the entrepreneurial and company-building process. Highland receives no equity stake in exchange for participating in the core program and teams are under no obligation to Highland after the summer.
“Summer@Highland offers a compelling opportunity and unique arrangement to work closely with our team and Highland’s extended network at a very early stage,” said Michael Gaiss, Senior Vice President at Highland. “For a number of past participants, the program has also proven to be a successful precursor for eventually raising venture capital; five teams have done so to date, two of which have been backed by Highland.”
Summer@Highland is open to teams with at least one co-founder that is currently an undergraduate or graduate student, post graduate doc, or recent university graduate (must not have graduated earlier than December 2010). Applications will be accepted through April 7, 2011. Additional details and complete criteria can be found online at www.hcp.com/summer.