Innovation Internship Program: For Employers

Need an extra hand? Want to get awesome talent for 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 

  • Partial salary reimbursement is 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 2022 Spring intern? Follow these 5 easy steps.

Step 1:

Submit your role description by December 17 for the Spring 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 emailing Alison Lopriore.

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

Step 1:

Let us know your choice by emailing Alison Lopriore.

Step 2:

Submit Program Agreement and Contract Worksheet to Alison Lopriore.

Interns

Spring Internship Deadlines

  • Submit your role description by December 17 for the spring cohort.
  • Hiring decisions are due to Alison Lopriore by January 14.

FAQ

Q: Can I utilize this program for internships year-round?

A: Yes, this program is accessible year-round. Whenever you are looking to hire an intern, please submit the job description to Alison Lopriore to be posted to the jobs board. Each internship “period” can last up to 12 weeks, with 50% wage reimbursement from Rev1 Ventures (up to $2k per intern for part-time roles). Startups are limited to (1) 12-week period in the summer and (2) 12-week periods during the academic year to receive financial assistance. Additionally, there will be no student cohort during the academic year and the approach will be more personalized with optional 1:1 mentoring for the students and access to Rev1 resources.

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

A: Complete the Program Agreement and the Company Contract Worksheet and email to Alison@Rev1Ventures.com. Monthly, submit Invoice/Evaluation Form to AccountsPayable@rev1ventures.com along with the intern’s timesheets and record of payment for salary reimbursement.

Q: How much will I be reimbursed for my intern’s wages?

A: Rev1 Ventures will provide a 50% reimbursement for intern’s salaries for each 12-week cohort.

Q: How much should I pay my intern?

A: Feel free to use the matrix below to determine wages (data from National Association of Colleges and Employers).

DEGREE YEAR 2020 RATE
Associate 1st Year $15.50
2nd Year $17.00
 
Bachelor’s Freshman $17.50
Sophomore $19.00
Junior $20.50
Senior $22.00
 
Master’s 1st 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. Additionally, students need to have an Ohio connection – meaning they attend a school in Ohio, are an Ohio resident, or are willing to temporarily relocate to Ohio for the internship (if the opportunity is in-person).

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. To see examples of open internships, check out the intern jobs board.

Q: When does the Spring cohort begin?

A: The 2022 spring cohort will begin Monday, January 24 and conclude 12 weeks later on Friday, April 15. We are flexible with the dates, and will work with you and your students as needed. Please contact Alison Lopriore to discuss further.

Q: Additional Questions?

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

Special Thanks to Our University Partners: