The Kauffman Foundation, an organization devoted to fostering and supporting entrepreneurship, has acquired StudentBusinesses.com, a startup that focuses on connecting university student entrepreneurs with advisors and potential investors. Founded by several Harvard students, StudentBusinesses.com launched in 2007 and is based in Boston.
The terms of the acquisition were not disclosed and it’s unclear how the Kauffman Foundation will use the startup’s technology. StudentBusinesses.com provides an online directory of student entrepreneurs and their startups. Students can post business plans for ventures they are working on, and connect (for free) with partners, early-stage investors, and advisors. The sites has over one thousand members from Harvard, UNC, Duke, MIT, Yale and Stanford as well as several hundred students from India.