We think this is an incredible program and great opportunity for a budding entrepreneurs, so we’re posting the announcement here pretty much as it came to us.
Summer@Highland 2008
Are you a student (graduate, undergraduate or even recent grad) with a business you’d like to rapidly accelerate this summer? If so, the Summer@Highland 2008 program may be just what you need!
Following the success of last year’s inaugural Summer@Highland, we are again offering stipends, office space, and experienced advisors to a small number of students with ambitious aspirations for building their businesses.
What we’re looking for
We are especially interested in having you spend the summer with us if:
- You’ve a leadership team with vision, passion, and drive
- Your business has the potential to be highly-disruptive in its area
- Your business initiative is showing momentum. While you may, or may not, have incorporated, you’ve more than a vague concept in mind
- You have real depth of expertise in your technology/market of interest
- You can direct us to some advisers who see your business’s potential as you do
Particulars of Summer@Highland 2008
- The program is open to current graduate and undergraduate students, as well as recent (December 2007 or later) grads. At least one member of the team must meet this criterion.
- Teams can comprise 1 to 4 persons.
- A single person team will receive a $7,500 stipend for the summer.
- A multi-person team will receive a $15,000 stipend.
- Teams will reside in office space in Highland’s Lexington, MA or Menlo Park, CA offices (or, an exception basis, in our Geneva or Shanghai offices).
- Teams are required to work full time for 10 weeks. Start and end dates are flexible and to span the period of June through September 2008. Teams are expected to share our office space with us during this full term.
- Each team will have a Highland sponsor who will be the team’s gateway to advice and counsel from Highland’s investors and industry network.
- In consideration of these benefits, but not to overly constrain the teams, we ask that if a team goes on to raise venture capital within 180 days from the end of the program, then Highland be provided the option to co-invest in up to 50% of the total financing round.
How to apply
- Please complete the brief online application (available at www.hcp.com/summer)
- Attach to your application (1) resumes/bios for each team member, and (2) up to two referrals/letters of recommendation (recommended). The latter may be from faculty & administration, board or advisory group members, or others affiliated with close knowledge of your project and/or team members.
- Deadline for applications is April 22, 2008
- Selected projects will be notified via email no later than May 6, 2008.
