scS AS Ai, * irt # # 4 2.. 7 Zx Til The Minerva Project — An Overview The Minerva Project is launching a top-tier university built to accelerate the life trajectories of the world's brightest and most motivated students. Opening in Fall 2015, Minerva will draw on the best traditions of a research-based university education while leveraging cutting edge technologies and harvesting decades of research on student learning and success. Minerva is committed to providing an unparalleled educational experience for preparing global leaders and innovators for the 21st century. Minerva was founded by CEO Ben Nelson in 2011 and received a $25 million seed investment from Benchmark Capital in 2012. An academic advisory board was formed early on to provide guidance and support as Minerva began to reimagine every aspect of an undergraduate education. Former Harvard University President Larry Summers serves as chairman of the Advisory Board, which includes Patrick Harker, Bob Kerrey and Lee Shulman. Over the past six months, a team of experienced and proven professionals has joined Minerva's Executive team to bring a wealth of experience in academics, accreditation, product development, marketing, student services, recruiting, business development, operations and business management. Because of our strict no-quota, non-discrimination policy, we expect Minerva to attract attention and interest from prospective students throughout the world. Minerva intends to have more stringent admission criteria than traditional Ivy League Universities, screening not only for a strong intellectual and leadership background but also for analytical capabilities, creativity, drive, leadership ability, and grit. Minerva will give no preference to legacy, athletics or geographical diversity. Minerva guarantees admission to any applicant who meets or exceeds our qualification criteria. To best serve students with different academic interests, Minerva will include five c