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 / MGT100 as well as finishing 2nd year. Under exceptional circumstances, students will be considered who are registered in IMC200 at the same time.

Students with equivalent experience may also be considered. To be considered, please review the FAQ section at the bottom of this page.

 

Application for IMC390 for Fall/Winter 2016/2017 is now open.

Currently offering 26 potential internship positions.

Application deadline

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Dates

The internships run twice in each academic year, during the Fall/Winter session and during the Summer session. In each session, the internship schedule follows the Faculty of Arts & Science calendar (for up to date dates, see here), as indicated for Y courses.

For students taking IMC390 during the Fall/Winter session:

Students who take this course are expected to work an average of 10 hours/week during the duration of classes -12 weeks during the Fall session and 12 weeks during the Winter session (exam period and university closure excluded). 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 at the Best Institute, room 417 (unless otherwise noted). These workshops will include active participation exercises (2 hour/month).
  • Regular 1-on-1 meetings with the internship coordinator to report progress (30 min/meeting).
  • Submitting a journal entry during the internship.
  • Preparation of final presentation work.
  • Writing a final written report.

 

For students taking IMC390 during the Summer session:

Students who take this course are expected to work an average of 20 hours/week during the duration of classes -12 weeks during the Summer session (exam period and university closure excluded). This will include the following components:

  • Working with the start-up company on its effort to bring their technology to market (average of 18 hours/week).
  • Bi-weekly workshops that will cover topics related to start-ups and entrepreneurship. Workshops are held Fridays 3-5pm at the Best Institute, room 417 (unless otherwise noted). These workshops will include active participation exercises (4 hours/month).
  • Regular 1-on-1 meetings with the internship coordinator to report progress (30 min/meeting).
  • Submitting a journal entry during the internship.
  • Preparation of final presentation work.
  • Writing a final written report.

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
  • Journal assignment
  • Final oral presentation
  • Final written report
  • Work assessment by the company’s supervisor

For a complete description of the course’s content and pass/fail requirements, please see a sample of past course syllabus here.

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. Register as an applicant on the job board, found here: http://internship.impactcentre.ca/ (note: applicant accounts will be activated once proof of meeting pre-requisites is reviewed. However, jobs will only be activated starting August 2, 2016)
  3. Once your account is activated, you may apply to any of the listed jobs you are interested in under the IMC390 category. Application deadline is September 6, 2016.
  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 sign and submit a signed Letter of Offer from the company to the internship coordinator at imc390@imc.utoronto.ca.
  9. You will be provided with an Internship Agreement and Student Declaration 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 (and retain a copy).
  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.

To become a placement company

Enter here

Through the Impact Centre’s courses I am gathering ideas and knowledge to better shape my future.

Kinnari Maniar

IMC390 '14-'15, Lumentra

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

Frequently Asked Questions

Do I need to wait for approval before registering for the job board?

No. You should register for the website at the same time you email the internship coordinator with proof of your pre-requisites.

How do I get my background experience to be considered for waiving the pre-requisites?

To be considered, please review the course syllabus for the pre-requisite courses (IMC200 can be found here, and RSM100 can be found here). Please submit a letter clearly justifying your request for waiving the pre-requisites, based on you experience as it compared with the content of the pre-requisite courses, to imc390@imc.utoronto.ca.

I registered for the job board in the past, but now it does not exist. Why is that?

Due to the high number of students registering for the IMC390 job board, we must delete all student accounts from previous course offerings. This means that if you have registered for the board in a previous session and did not end up taking the course, you will need to register a new account in order to reapply for the course.

My account was activated but I can't see any jobs. Is something wrong?

Accounts may be activated before the jobs become active.

Please check with the application process description to find out the date on which the jobs will become active and check back the job board after that date.

I was offered an internship position at several companies. What should I do?

As with a real job application, it is up to you to decide which company you wish to work with the most, so you get to choose. However, companies will not keep their offer open indefinitely, as they are interviewing other potential candidates. Make sure to ask the company by which day do they expect an answer. After that day, they may fill the position, so make sure to make your decision before time runs out and you miss out on the offer.

I received a letter of offer, when will the course get added to my ACORN?

Due to the nature of the IMC390 application process which spans several weeks, it may take up to a couple of weeks from the time you submit your signed Letter of Offer to the internship coordinator, and when you can see IMC390 was added to your ACORN account. Only if you haven’t seen the course on your account by the first day of classes, then you should contact the IMC390 co-ordinator.

I agreed to work with one company, but am now being offered a position with a different company. Can I change my mind?

Once you have signed the letter of offer and committed to work with one company, you are expected to fulfil the course’s requirements with that company. Changing your placement can only be done through the internship coordinator with reasonable justification.

Still have questions unanswered? Send your questions to the internship coordinator here.

6 + 10 =

The internship has provided me with an experience that has helped me make crucial decisions about my long-term plans. Working in a start up environment has provided me with the knowledge of its functionality and requirements for the success of a start up.  I have been exposed to skills that are required to navigate the corporate world. The internship has guided me through every aspect of the start up environment and will help me apply my knowledge in equity and investment research

Shankar Krishna

IMC390 Student Summer '15, Oxalys Pharma

Thus, I am so thankful and blessed to have an amazing opportunity to work for AllergenFree and partner with the Impact Centre.

Rachel Choi

IMC390 Student Summer '15, AllergenFree

This experience has definitely gotten me a lot more prepared for the working world, both academically and mentally.

Daanish Khader

IMC390 Student Summer '15, Oncoustics

This work experience over the past summer has been eye opening and valuable to my future plans.

May Megahed

IMC390 Student Summer '15, Adrenalease Inc.

It has inspired me to keep exploring other sectors of the industry, and short-term goals of pursuing positions in other star-up companies.

Kanika Singhal

IMC390 Student Summer '15, Echofos Medical

The internship has provided me with a degree of insight regarding what one should seriously consider before taking the entrepreneurial route.

Cody Rosevear

IMC390 Student Summer '15, Oxalys Pharma

These past couple of months in a start-up environment have opened my eyes to what it is like to become an owner of a small business and given me a taste of what may be to come.

Derek Leung

IMC390 Student Summer '15, AllergenFree

The internship experience was unique, and it has also allowed me to develop my communication, presentation and interpersonal skills. I believe that the learning that I have gained will stay with me for long time, and I will be leveraging it to build myself a successful career plan.

Scott Shin

IMC390 Student Summer '15, Pueblo Science

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.