Foley & Lardner LLP served as legal advisor to E-Learning provider University Startups in the selection process for global investment firm Techstars’ “Advancing Cities” accelerator program. The program, aimed at helping minority and women business owners gain access to capital, is being run in partnership with JPMorgan Chase & Co.’s private bank, which has raised $80 million to fund the effort.
University Startups was among 60 startups nationwide selected to participate in Techstars’ Advancing Cities accelerator programs underway in five cities – D.C., Atlanta, Detroit, Miami, and Chicago – and is one of only seven D.C.-area startups selected for the program. The 60 selected companies will go through a 13-week program during which they will receive mentoring, support, and meetings with potential investors and partners. The program will culminate in a demo day during the first week of December.
University Startups is an E-learning provider committed to creating opportunities for underserved students and lifelong learners to expand their worlds beyond a traditional curriculum. The organization develops pathways to college and the workforce through access to college preparation, internships, and new career opportunities. University Startups empowers students by fostering an entrepreneurial mindset, which helps students to think creatively and find ways to translate their passions into real-world experiences.
The Foley team representing University Startups was led by Partners David Sanders and Von Bryant and included Associate Justin Cajero.
Foley & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.