Innovation Internship Program
Need an extra hand? Want to get awesome talent with payroll support from Rev1? Join Rev1’s innovation internship program. Rev1’s innovation internship program brings students and Rev1 clients together to create exciting opportunities for both.
This page is meant for Rev1 startup clients, if you are a student looking for an internship click here.
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.
Looking for a 2023 Fall intern? Follow these 5 easy steps.
Step 1:
Submit your role description 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 emailing Savannah Snyder
Step 5:
Submit Program Agreement, Contract Worksheet, and the Guidelines Acknowledgement to this box folder.
Already have a Fall intern? Follow these 2 easy steps.
Step 1:
Let us know your choice by emailing Savannah Snyder
Step 2:
Submit Program Agreement, Contract Worksheet, and the Guidelines Acknowledgement to this box folder.
Fall Internship Deadlines
- Submit your role description for the fall cohort.
- Hiring decisions are due to Savannah Snyder by Sep 8.
- Please submit documentation as soon as possible, as enrollment may be denied if cohort is full.
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 Larissa Cage 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 $2.5k per intern for roles in fall/spring and $5k for roles in the summer). Startups are limited to intern reimbursement for no more than three total 12-week cohorts (does not need to be consecutive) per intern. 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, Program Guidelines Acknowledgement Form, and the Company Contract Worksheet, upload to this box folder and wait for an approval email. Monthly or at end of the internship, upload Invoice/Evaluation Form to this box folder 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 the limits listed above.
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 (virtual or 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 Larissa Cage or check out our job description templates here:
Q: Where do I submit job descriptions?
A: Submit job descriptions to Larissa Cage as soon as possible. To see examples of open internships, check out the intern jobs board.
Q: When does the Fall cohort begin?
A: The 2023 Fall cohort will begin on Sep 18 and conclude 12 weeks later, on December 9. We are flexible with the dates and will work with you and your students as needed. Please get in touch with Larissa Cage to discuss further.
Q: Additional Questions?
A: Ask Larissa Cage by emailing larissa@rev1ventures.com.
Special Thanks to Our University Partners:
Ohio Wesleyan University
Ohio Wesleyan’s goal is to provide every student with transformational experiences that will prepare them for the causes, careers, and graduate school opportunities they want to pursue.
We do that through close relationships with faculty-mentors—and through a unique academic program called The OWU Connection.
OWU is one of the most comprehensive liberal arts schools in the country. It is one of only 45 schools featured in Colleges That Change Lives and is ranked in the top 100 national liberal arts colleges by U.S. News & World Report. OWU’s breadth of more than 90 majors includes Business, Data Analytics, Fine Arts, Communication, and Education; scientific fields such as Neuroscience and Zoology; and a wide range of pre-professional areas, including Medicine, Law, Public Administration, and Engineering.
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