Innovacorp's Greg Phipps said the graduate job hunter-targeted site bridges a gap between the professional networking of LinkedIn and the "purely social networking of Facebook".

Innovacorp, which specialises in early stage commercialisation of academic research, has backed Equals6, a social networking platform for students, with $250,000.

The site has launched an online career development community which connects students with employers.

Greg Phipps, Innovacorp’s director of investment, said: "Equals6 has developed a compelling offering that leverages the power of social networking with the very real challenge companies face in finding and engaging the best and brightest graduates looking to start a meaningful career. The platform bridges a gap between the purely social engagement offered by Facebook, and the more experienced, professional communities leveraged by LinkedIn."

More than 13,000 students in North America have joined the Equals6 network, and the company now has 125 employers registered, while universities and colleges looking to attract students to their programs are also using the site. The site is free to students.

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