Venture Capital - Monday, December 3, 2007
YearUp Wins Social Ventures Prize
Boston-based Year Up won the 2008 Social Capitalist Award. The nonprofit provides education and job skills for at-risk youth. Year Up was founded in 2000 by Harvard Business School graduate Gerald Chertavian. The group provides a one-year education and apprenticeship program for urban youth, ages 18 to 24. Its stats are impressive.
+ 100% placement of qualified students into apprenticeships
+ 83% student retention
+ 90% of apprentices meet or exceed
apprenticeship partner expectations
+ 87% of graduates placed in full or
part-time positions within 4 months of graduation
+ $15/hr average wage at placement
Earlier in the 2007, Year Up won a $10M grant from Microsoft.
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