Was there any reason why this wasn't timed for the summer months? It seems like a lot of entrepreneurial college students would love to spend their summer work

Was there any reason why this wasn't timed for the summer months? It seems like a lot of entrepreneurial college students would love to spend their summer working on their ideas. Perhaps it just came together at this time but in hindsight I wonder if summer is a more logical time since students have the free time anyway. The 12K would allow them to easily live/eat too. I can even imagine involving college professors and students. Then it might disrupt entrepreneurship education in higher ed.