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Applications
due Feb. 19 for paid fellowship program
RAIN Source Capital, a multistate network of angel investor groups,
is taking applications for its $10,000 Ruvelson RAINmaker Fellowship
program.
The fellowship offers a stipend and educational
support during the senior year for a student interested in learning
about private equity investing. Students get hands-on, real-world
experience with entrepreneurship, small business, economic
development and finance, working with local angel investors and
companies in Minnesota, North Dakota, South Dakota, Iowa and
Montana.
Applications and additional information are
available at the
RAIN Source
Capital Web site or by contacting the fellowship project
manager, Candace
Campbell, (612) 827-7988. Completed applications are due on
Monday, Feb. 19.
The fellowship honors St. Paul businessman Alan
Ruvelson. Known as "Bud" to his friends, Ruvelson, 91, is an alumnus
of St. Thomas Academy, the College of St. Thomas and the University
of Minnesota. In 1959, he founded First Midwest Capital Corp., one
of the nation’s first venture capital companies to provide funding
for small companies that could not access the public markets. He is
known as the “Father of Venture Capital” in Minnesota and, with a
few others, founded the industry in the United States.
He also has served on boards and advisory groups
at several Minnesota private colleges, including the University of
St. Thomas, the College of St. Catherine and the College of St.
Benedict.
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