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.
Q: Can I utilize this program for internships during the academic year (i.e. spring and fall semesters)?
A: Yes, this program is accessible year-round. If you need an intern outside of the summer cohort period, 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 (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, up to $4k per intern for full-time internships and up to $2k per intern for part-time internships.
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.
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. Ideally, students will have an Ohio connection – meaning they attend a school in Ohio, are an Ohio resident, or would be willing to 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?
Q: When does the Summer cohort begin?
A: The 2021 summer cohort will begin Monday, May 17 and conclude 12 weeks later on Friday, August 6. We can be flexible with these dates, if needed. Please contact Alison Lopriore to discuss further.
Q: Additional Questions?
A: Ask Alison Lopriore by emailing email@example.com.