Venture capital firm Canaan Partners is partnering with the Yale Entrepreneurial Institute (YEI), a university department that helps entrepreneurs and innovators at Yale start scalable new ventures, to establish fellowships that will foster entrepreneurship skills for Yale University students who are interested in healthcare.
Canaan-Yale Fellowships will be offered to eight Yale students per academic year. These students will be divided into two multidisciplinary teams to provide strategy and leadership to Canaan and Canaan startup companies in the healthcare sector.
The Yale Entrepreneurial Institute offers three dedicated programs for accelerating ventures at Yale from early-stage conception to investable startup:
the Venture Creation Program, the YEI Fellowship and the YEI Innovation Fund, which provides $100k in pre-seed funding.
YEI resources include a 150+ Mentor Network; resident entrepreneurs; access to in-kind services from corporate partners in legal, accounting, financial, IP, communications and branding; connections to the angel and venture community; and connections to campus and community entrepreneurship partners.
There are currently 80 active YEI companies that have raised over $135 million in funding and created over 350 jobs.
Canaan Partners invests in entrepreneurs with visionary ideas to improve the way we live our lives. The firm, which has offices in Westport, Connecticut, New York City and Menlo, Park California, has over $4.2 billion under management and has exited more than 160 companies to date.