Earlier this month, Palantir launched a new internship for graduating high school students — a direct challenge to what it called “the shortcomings of university admissions.”

Dubbed the “Meritocracy Fellowship,” the four-month program is meant to compete with higher ed for top talent. Applicants need a 33+ ACT score, and selections will be made “based solely on merit and academic excellence,” according to the company. Some will ultimately get full-time offers.