SVB Financial Group Debuts Fellowship Program to Foster Next Generation of Black, Latinx and Women Venture Capital Leaders
Program connects talented entry-level professionals with leading VC firms as part of effort to build a more diverse, equitable and accessible innovation economy
The SVB Fellows Program connects talented emerging professionals with distinguished VC firms, where they will serve in entry-level investment roles. Fellowships are a one- to two- year commitment and participants are salaried and receive benefits or a stipend to offset the cost of benefits.
"SVB and our partners designed the Fellows Program to create pathways for a new generation of investors to succeed in the VC industry and benefit VC firms by helping them find talent with diverse backgrounds, experiences and ideas," said
Leading VC firms General Catalyst, Collab Capital, Material Impact and 3x5 Partners have already signed on to host fellows. In addition to connections with SVB's extensive network of VC partners and career opportunities, SVB Fellows will receive mentorship from SVB leaders, and access to training and networking opportunities designed to propel their success in venture capital for years to come.
"The SVB Fellows Program is connecting us with talented young professionals who not only have strong foundational VC training, but also bring much-needed diversity of thought and experience to a fairly homogenous industry," said Arum Lansel, VP of Learning & Development at General Catalyst.
SVB plans to support twenty fellows throughout 2022, identified in partnership with BVCC on a rolling basis. At launch, candidates will be selected from professionals who have previously participated in BVCC's career development programming. As the program expands, SVB will leverage additional recruitment channels to identify additional Latinx and women fellows.
"We are excited to be a founding partner in the SVB Fellows Program, connecting our network of talented young professionals with some of the top VC firms in the country and setting them on a path toward personal success and a more equitable venture capital ecosystem," said
SVB is committed to building a more diverse, equitable and accessible innovation economy for all. Through its Access to Innovation program, SVB addresses the innovation sector's biggest diversity opportunities by creating and amplifying new and existing educational, employment and funding pathways for Black, Latinx and women VC investors. The SVB Fellows Program is part of this goal.
About SVB Financial Group (SIVB)
SVB Financial Group (SIVB) and its subsidiaries help innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's (SIVB) businesses, including Silicon Valley Bank, offer commercial, investment and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara,
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SOURCE Silicon Valley Bank