The Accenture Foundation has today awarded the University of Texas‘ Venture Labs a $600,000 grant to help provide graduate students the skills they need to launch a business. The labs are an education and research initiative which give students a real-world experience in starting and sustaining new ventures.
This is all part of Accenture‘s Venture Partner’s program, which reflects it’s citizens initiative “Skills to Succeed.” The three-year grant will provide support for 10 “Accenture Venture Partners” who are recent Venture Lab graduate school alumni.
“Supporting TVL helps bring to life Accenture’s commitment to building skills. This grant will enable young entrepreneurs to develop new ideas and technologies that may ultimately lead to new products, companies or jobs,” said Steve Rohleder, group chief executive of Accenture’s health and public service
operating group and a University of Texas at Austin alumnus.
Accenture’s employees will volunteer, offering consulting and mentoring to students studying engineering, law, business and natural sciences. About 63 students have participated in the program since its inception in Sept. 2010. The funding is expected to expand enrollment to 100 students.