Washington, D.C. – Citi Ventures today announced an expansion of its Citi® University Partnerships in Innovation & Discovery (CUPID) program with Howard University School of Business to engage and embed students in innovation efforts across Citi.
Students of Howard's 21st Century Advantage Program and the School of Business Executive Leadership Honors Program (SBEL) will be paired with Citi teams to work on emerging technology projects involving machine learning, natural language processing and big data analytics.
Students will have the opportunity to work on multi-year projects for course credit with access to Citi Ventures' entrepreneurs-in-residence and business leaders, as well as engage in a series of career development events and seminars hosted by Citi.
"We're thrilled to be a part of the education of Howard University students by immersing them in our innovation efforts at Citi," said Vanessa Colella, Chief Innovation Officer of Citi. "CUPID provides the space for new ideas to percolate among the next generation of innovators and allows them to work on issues critical to Citi's business."
Howard University is one of 18 universities participating in CUPID. As part of Citi's focus on increasing diversity across the firm, the program will continue to expand through new partnerships with additional academic institutions, including historically black colleges and universities.
"We know that to be a healthy, high-performing organization, we need diversity of experience and ideas on our teams," said Sara Wechter, Citi's Global Head of Human Resources. "Our university partnership program CUPID brings a broad range of experiences and ideas into Citi and connects a diverse group of students to our people, our business and our way of working."
Based on their interest and skill set, students are matched with internal Citi initiatives including projects within Citi's D10Xsm program, an internal strategic growth model managed by Citi Ventures that enables colleagues to take new business ideas from concept to launch.
CUPID builds on existing efforts including hackathons and design sprints to create, test and prototype new ideas that have the potential to generate the best solutions for clients. Since the start of this work in early 2017, more than 500 university students from 18 different universities in the U.S, U.K and Canada have participated in some element of innovation work through CUPID.
"Our students are keenly focused on understanding how organizations work and how their contributions might be received," said Barron Harvey, Dean of the School of Business at Howard University. "We are proud to partner with Citi in this way to provide an environment where students can test new ideas and get a real sense of the opportunities that exist at a global bank."
For more information about the Citi® University Partnerships in Innovation & Discovery program, please visit www.ventures.citi.com.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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Citi Ventures ignites change and reimagines solutions that drive economic progress for clients. Headquartered in Silicon Valley with offices in San Francisco, New York, London and Tel Aviv, Citi Ventures accelerates discovery of new sources of value by exploring, incubating and investing in new ideas, in partnership with Citi colleagues, our clients and the innovation ecosystem. For more information visit: http://ventures.citi.com/.
Founded in 1867, Howard University is a private, research university that is comprised of 13 schools and colleges. Students pursue studies in more than 120 areas leading to undergraduate, graduate and professional degrees. The University operates with a commitment to Excellence in Truth and Service and has produced four Rhodes Scholars, 11 Truman Scholars, two Marshall Scholars, one Schwarzman Scholar, over 70 Fulbright Scholars and 22 Pickering Fellows. Howard also produces more on-campus African-American Ph.D. recipients than any other university in the United States. For more information on Howard University, visit www.howard.edu.