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

Fall 2020 Information Coming Soon.

 

5 Easy Steps

Step 1:

Submit your role description by April 24 for the summer 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 May 6. Simply email Alison Lopriore.

Step 5:

Submit Invoice/Evaluation Form to Rev1.

Interns

Deadlines

  • Submit your role description by April 24 for the summer cohort.
  • Student applications are due by May 1 for the summer cohort.
  • Hiring decisions are due to Alison Lopriore by May 6.

Key Dates

May 11 | Internship Onboarding

The program kicks off for interns on Monday, May 11 with a 1-hour virtual onboarding session at 10:00am. Details will be sent to students separately.

May, June, July Trainings | TBD

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

August 7 | Last Day

Celebrate the summer of our inaugural intern program on August 7.

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 Student Profile(s) 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 15 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 April 15. To see examples of open internships, check it out the intern jobs board.

Q: When does the Fall cohort begin?

A: The Fall Internship cohort will take place from September 14 to December 4. More information to come.

Q: Additional Questions?

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

Special Thanks to Our University Partners: