The VC arm of the private equity firm (founded by Mitt Romney) hopes to give entrepreneurs a boost-- just in time for November.
If you pay attention to political buzzwords, you already know that Washington is all about "entrepreneurs," "start-ups," and "small business" these days.
So, perhaps it's no surprise that Bain Capital, the private equity company founded by Republican presidential candidate Mitt Romney, announced that it is attempting to have a bigger presence in the start-up world.
Bain Capital Ventures, the VC affiliate of Bain Capital, said it plans to launch a program called StartUp Academy, which aims to connect start-ups with young technical talent, according to a press release issued by the company.
The program, which recently completed a nine-month pilot run, plans to place students in full-time or intern level positions at a Bain-funded start-up. Of the 70-plus portfolio of start-ups, eight--including Survey Monkey, Rent the Runway, and Sneakpeeq--said they are currently accepting students through the new program. Students can apply for either engineering or product management positions at these start-ups.
"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," Ajay Agarwal, a managing director at Bain Capital Ventures, said in a press statement.
Recruitment for the 2013 StartUp Academy class will start in the fall.