Lexington, MA and San Francisco, CA (PRWEB) 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 http://www.hcp.com/summer.
About Highland Capital Partners
Highland Capital Partners was founded with the mission of helping great people build great companies. Since its inception in 1988, 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, Geneva and Shanghai, Highland has invested in and worked to create such firms as Ask Jeeves, Avid Technology, CheckFree, Conor Medsystems, Coremetrics, lululemon athletica, Lycos, MapQuest, Navic Networks, Ocular Networks, Odyssey Healthcare, P.A. Semi, Quattro Wireless, Quigo, Starent Networks, Sybase, Telica and VistaPrint. For more information, visit Highland’s web site at http://www.hcp.com.
For more information, contact:
Highland Capital Partners
Senior Vice President