Bain Capital Ventures, the venture unit of private equity firm Bain Capital, has launched a StartUp Academy.
The StartUp Academy is seeking undergraduate, masters and PhD students from universities including Duke, Harvard, MIT, University of Michigan, Princeton, University of Pennsylvania, Stanford, USC and University of Waterloo to place them in engineering and product management positions at startups funded by Bain Capital Ventures.
Of the inaugural programme Bain selected 21 students from 779 applicants, or less than 3%.
The students will join a full-time or intern-level position in the Bain portfolio. Participating start-ups include BloomReach, Nomis Solutions, Rent the Runway, Sneakpeeq, Survey Monkey, TargetSpot, TellApart and Tokbox.
Ajay Agarwal, a Managing Director at Bain Capital Ventures, said: “The goal of the StartUp Academy is to create a fertile ground to develop the next generation of entrepreneurs. We are an entrepreneurial-focused firm and this program demonstrates our commitment in developing our portfolio companies and providing them with the opportunity to tap into top talent. This uniquely opens doors for companies to benefit from the high-level energy and ‘out of the box thinking’ that college students bring to the table. At the same time, this program offers a unique opportunity for the students to learn and develop key skills in an entrepreneurial, startup environment.”