Internship in New Ventures

IMC390

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Finding your first job after graduation will require more than your GPA score. It will require you to have experience and accomplishments.

IMC390, Internships in New Ventures is a course-based internship that provides students the opportunity to gain experience and have meaningful accomplishments, while working with an early stage start-up company affiliated with U of T. At the same time students are earning a full credit.

This is a companion course to IMC200, Innovation and Entrepreneurship.

The prerequisites for IMC390 are completing either IMC200 or RSM100 as well as having a 3rd year standing. Under exceptional circumstances, students will be considered who are registered in IMC200 at the same time.

Students with equivalent experience may also be considered. Please contact imc390@imc.utoronto.ca to make a request.

 

Dates

The internships run from September 14th to April 8th (the course is also offered in the summer and the relevant dates will be posted closer to the start of the summer term). Students who take this course are expected to work an average of 10 hours/week. This will include the following components:

  • Working with the start-up company on its effort to bring their technology to market (average of 9 hours/week).
  • Monthly workshops that will cover topics related to start-ups and entrepreneurship. Workshops are held Fridays 3-5pm. These workshops will include active participation exercises (2 hour/biweekly).
  • Regular 1-on-1 bi-monthly meetings with the internship coordinator to report progress (30 min/bi-month).

The course is Pass/Fail.

In order to pass, you will need to earn at least 50% for each of the following components of the mark:

  • In-class exercises
  • Final oral presentation
  • Final written report
  • Work assessment by the company’s supervisor

Course Registration

Due to the nature of the course, students are only allowed to register for the course after they have secured an internship position with one of the participating companies (see ‘How It Works?’ below)

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How it works?

  1. Students who are interested in taking IMC390 should email the internship coordinator imc390@imc.utoronto.ca and include a proof of meeting the prerequisites (this can be a screenshot of your transcript which will include the relevant course, together with your personal information).
  2. If you meet the course’s prerequisites, you will be provided a link to the course’s job board. The job board will become available starting July 6, 2015.
  3. You will need to register as an applicant, and apply to any of the listed jobs you are interested in. Application deadline is September 7, 2015.
  4. The companies you applied to will only contact those applicants they deem compatible with their needs.
  5. Those contacted by the companies will need to schedule an interview.
  6. Successful applicants will receive an internship offer with the company.
  7. Once you receive internship offers, it is your decision which offer to accept.
  8. Once you accept an internship offer, you must inform the internship coordinator at imc390@imc.utoronto.ca and include the name of the company you have chosen.
  9. You will be provided with an Internship Agreement which you will need to sign and return to the internship coordinator.
  10. The Impact Centre will process the course registration on ROSI. Please note that we can only register you for the course if your course load has an available 1 course credit.
  11. Before you begin your work with the company, you will need to sign an NDA (non-disclosure agreement) with the company.
  12. Once the course starts (see start date above), you will determine your work schedule with your company supervisor.
  13. At the end of the course (see final date above) you will need to deliver an oral presentation as well as submit a written report.

My roles have included market research, sales lead generation, updating our website, and content development.

First, every step of a project should be action-oriented, because there is no use in planning and research without feasible outcomes. Secondly, I’ve learned that partnerships are invaluable, and when managed well, can be the best catalysts for progress.

Arya Abdool

IMC390 '14-'15, MultiMension

IMC390 gave me the opportunity to work with an innovative company served by a highly dedicated team. It served as an incubator for developing my marketing and HR skills. Start-Ups companies differ from already thriving businesses as one gets to touch base in different business areas and get an inside look on how a business functions as a whole. It’s a rare opportunity as I got to learn the struggles and amount of effort it takes to start a business. My internship at PathCore Inc. equipped me with the tools to further achieve my career goals.

Stephenny Ng

IMC390 Summer'14, Pathcore

I loved participating in IMC39O. It provided the perfect opportunity to implement all the knowledge learnt in IMC2OO and other academic courses. It really helped me improve my communication, presentation and organization skills. It is difficult to gain practical, real world experience while in undergrad, but this course was the perfect avenue for that! Most importantly, it has made me more confident in my abilities.

Zoya Ajani

IMC390 Student ’13-’14

Page last updated on June 17, 2015.