Exploring New Ventures

IMC39X

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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.

IMC39X, Exploring 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 an academic credit (IMC391 earns 0.5 credit and IMC392 earns 1.0 credit).

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

The prerequisites for IMC39X 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.

UPDATE – The application process for the 2017/2018 Fall/Winter of IMC391 (0.5 credit, Fall or Winter) and IMC392 (1.0 credit,  Fall/Winter) is now OPEN.

Application process includes the following 3 steps:

1. Register here: http://internship.impactcentre.ca and submit your proof of pre-requsities by email to imc390@imc.utoronto.ca (wait for account activation)

2. Apply for jobs, and attend interviews by the comapnies.

3. Submit your List of Preference (ranking) by August 7 using this form.

Submit your List of Preferences in...

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Dates

The course is offered during the Fall/Winter sessions as either a 0.5 or 1.0 credit courses, and during the Summer session as a 1.0 credit course only. In each session, the work-placement schedule follows the Faculty of Arts & Science calendar (for up to date dates, see here), as indicated for F/Y courses.

For students taking IMC391 during the Fall/Winter session:

Students who take this course are expected to work an average of 8 hours/week (or the equivalent of a full day of work) during the 12 weeks of classes in order to complete a minimum of 100 working hours. This will include the following components:

  • Working with the start-up company on its effort to bring their technology to market (average of 8 hours/week).
  • Monthly workshops that will cover topics related to start-ups and entrepreneurship. Workshops are held Thursdays 10am-12pm 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 IMC392 during the Fall/Winter session:

Students who take this course are expected to work an average of 8 hours/week (or the equivalent of a full day of work) during the 24 weeks of classes (12 in the Fall and 12 in the Winter, excluding reading weeks) in order to complete a minimum of 200 working hours. This will include the following components:

  • Working with the start-up company on its effort to bring their technology to market (average of 8 hours/week).
  • Monthly workshops that will cover topics related to start-ups and entrepreneurship. Workshops are held Thursdays 10am-12pm 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 IMC392 during the Summer session:

Students who take this course are expected to work an average of 16 hours/week (or the equivalent of a two full days of work) during the 12 weeks of classes (excluding reading week) in order to complete a minimum of 200 working hours. This will include the following components:

  • Working with the start-up company on its effort to bring their technology to market (average of 16 hours/week).
  • Bi-weekly workshops that will cover topics related to start-ups and entrepreneurship. Workshops are held Thursdays 10am-12pm 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.

Marking Scheme

The marking in the course will be based on the following components:

  • In-class exercises: applying your knowledge in entrepreneurship to your work placement experience
  • Journal assignment: reflecting on particular incidents and implications in the work placment
  • Final presentation: describing your work placement experiernce
  • Final written report: reflecting on your work placement experience and its connection to your career
  • Work performace: based on the evaluation by the company’s supervisor
  • Resume blurb: articulating your work experience to fit your professional image

For your reference, a complete description of the course’s content and requirements from a 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 work placement position with one of the participating companies (see ‘How It Works?’ below)

Not only has the internship given me the chance to pursue alternate interests of mine, it has allowed me to develop skills that I wouldn’t have been able to develop by taking ordinary life sciences courses.

As a science student, I’ve been able to expand my horizons and gain experience outside of my direct field of study.

Katherine King

IMC390 Summer '16, Comfable

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

1. Register for the Job Board

  • Create an account
  • Submit proof for pre-requisites
  • Wait for approval
Job Board

2. Apply for Placement Offers

  • Browse the job board
  • Prepare your Resume and Cover Letter
  • Apply for placement offers

3. Your Preferred Placement

  • Interview with companies
  • Submit your List of Preference

4. Start your Work Integrated Learning Experience

  • Accept a placement offer
  • Sign all the required agreements
  • Get registered for the course
  • Begin your Work Experience
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How it works?

  1. Students who are interested in taking IMC39X should email the placement 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 are typically activated 2-3 business days after proof of meeting pre-requisites is received. However, jobs will only be activated on the launch day posted above)
  3. Once your account is activated, you may apply to any of the listed jobs you are interested in under the relevant IMC39X category. (note: IMC391 is a 0.5 credit course and is offered in the Fall and Winter only. IMC392 is a 1.0 credit course and is offered in the Fall and Summer only).
  4. The companies you applied for will only contact those applicants they deem compatible with their needs. Those contacted by the companies will need to schedule an interview (you may apply and interview with as many companies as you wish).
  5. To be considered for a placement, you will need to submit your List of Placements (LOP) which includes your raning list of preferred placements. The deadline to submit the LOP will be posted above.
  6. Once LOPs are received from both applicants and placement sites, students will be matched with companies. Successful applicants will receive an Placement offer at the company.
  7. Once you accept a placement offer, you must sign and submit a signed Letter of Offer from the company to the placement coordinator at imc390@imc.utoronto.ca.
  8. You will be provided with an Student Placement Agreement and Student Declaration which you will need to sign and return to the placement coordinator.
  9. 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 enough available course credits (0.5 for IMC391 or 1.0 for IMC392).
  10. Before you begin your work with the company, you will need to sign an Non-Disclosure Agreement (NDA) with the company (and retain a copy).
  11. Once the course starts (see start date above), you will determine your work schedule with your company supervisor.
  12. 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.

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 placement 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 IMC39X 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 a a placement at several companies. What should I do?

As with a real job application, it is up to you to decide which company you prefer to work with the most. Based on your preferences, submit your List of Placements before the deadline to be considered for the course. The comapnies will submit their own ranking of students, and a matching process will determine the final placements for the students.

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

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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 September 09, 2016.