Innovation Internship Program: For Employers

Need an extra hand? Want to get awesome talent at less than half the going rate? Join Rev1’s innovation internship program. Rev1’s innovation internship program brings students and startups together to create exciting opportunities for both.

Program Overview 

  • Salary reimbursement offered.
  • Ongoing Rev1 support to manage the hiring and onboarding process.
  • Access and direct connections to diverse, quality, student talent.
  • High potential for entry-level retention.
Internships

Looking for a Fall intern? Follow these 5 easy steps.

Step 1:

Submit your role description by September 7 – Deadline Extended! for the Fall cohort here.

Step 2:

Rev1 will direct qualified interns to you through our internship job board.

Step 3:

Interview and pick the best candidate. Tips on hiring interns on our toolkit.

Step 4:

Let us know your choice by September 21– Deadline Extended! Simply email Alison Lopriore.

Already have a Fall intern? Follow these 2 easy steps.

Step 1:

Let us know your choice by September 21– Deadline Extended! Simply email Alison Lopriore.

Step 2:

Submit Program Agreement and Contract Worksheet to Alison Lopriore.

Interns

Deadlines

  • Submit your role description by September 7 – Deadline Extended! for the summer cohort.
  • Hiring decisions are due to Alison Lopriore by September 21 – Deadline Extended!

Key Dates for Students

Week of September 21 | Internship Program Kickoff 

The program kicks off for interns the week of September 21 with a 1-hour virtual onboarding session. Details will be sent to students separately.

September, October, and November Trainings | TBD

Your interns will be coached on how to work within a startup and the unique opportunities they can access.

Early December | Internship Program Wrap-up

Celebrate the Fall internship program in early December.

FAQ

Q: How do I “sign up” for the program and access the reimbursement for my intern’s wages?

A: Step One: Complete Program Agreement and email to Alison@Rev1Ventures.com.

Step Two: Complete Company Contract Worksheet and email to Alison@Rev1Ventures.com.

Step Three: On a monthly basis, complete and submit Invoice/Evaluation Form to AccountsPayable@rev1ventures.com along with the intern’s timesheets and record of payment for salary reimbursement.

Q: How much should I pay my intern?

A: Use the matrix below to determine wages. We strongly discourage negotiations above or below these rates.

DEGREEYEAR2020 RATE
Associate1st Year$15.50
2nd Year$17.00
 
Bachelor’sFreshman$17.50
Sophomore$19.00
Junior$20.50
Senior$22.00
 
Master’s1st Year$26.00
2nd Year$28.00

 

Q: How many hours can my intern work?

A: We suggest a range of no less than 10 hours and no more than 40 hours per week. Work with your hires to determine a schedule that works well for both your business and the student.

Q: How many interns can I hire?

A: No more than five interns per company per cohort are eligible for reimbursement through this program.

Q: Who can apply for an internship?

A: The program is open to a wide student base, including those registered at or recent graduates from a technical or community college; incoming freshmen up to graduating seniors at four-year institutions; and masters or doctoral candidates in high-tech graduate studies. Students need to have an Ohio connection – meaning they attend a school based in Ohio, are an Ohio resident, or are willing to relocate to Ohio for the internship opportunity.

Q: What roles can I have interns fill?

A: That is up to the needs of your company. If you would like help determining the best needs of your organization contact Alison Lopriore or check out our job description templates here:

Q: Where do I submit job descriptions?

A: Submit job descriptions to Alison Lopriore by September 7 – Deadline Extended! To see examples of open internships, check it out the intern jobs board.

Q: When does the Spring cohort begin?

A: More information to come on the 2021 Spring cohort.

Q: Additional Questions?

A: Ask Alison Lopriore by emailing alison@rev1ventures.com.

Special Thanks to Our University Partners: