Palo Alto, Calif. — July 19
Bain Capital Ventures, a venture capital and growth equity firm, announced the launch of its Start-Up Academy, a newly created initiative aimed to provide students with exposure to entrepreneurship and insights on how to build a business and work with innovative technologies.
Through the Start-Up Academy program, Bain Capital Ventures (BCV) will seek elite technical talent from top-tier undergraduate, masters and doctorate programs throughout the country — including Duke University, Harvard, MIT, University of Michigan, Princeton, University of Pennsylvania, Stanford, USC and University of Waterloo.
The program seeks to place individuals who are looking make an impact at a start-up by placing them in engineering and product management positions at start-ups funded by Bain Capital Ventures.
An inaugural 2012 Start-Up Academy class was selected during a nine-month pilot of the program. BCV received 779 applicants of which 21 students — or less than 3 percent of the original applicants — were selected to participate.
The participating portfolio companies are expected to continue to hire aggressively through the program. Recruitment for the 2013 Start-Up Academy class will begin in the fall.
Upon joining the program, the students will join a full-time or intern level position at one of BCV’s growing portfolio companies. The companies are: BloomReach, Nomis Solutions, Rent the Runway, Sneakpeeq, Survey Monkey, TargetSpot, TellApart and Tokbox.
In addition to working alongside the management teams of these companies, Start-Up Academy members will get exposure to investment partners of BCV and gain access to entrepreneurial events hosted and sponsored by BCV in Boston, New York and the San Francisco Bay Area.
Source: Bain Capital Ventures