Placement Site Application for Internship in New Ventures

IMC390
IMC390 is a program through which you can get an intern to work for your company on various business related projects. The program runs twice per academic year. The interns are students who are registered for the IMC390 course offered through the Impact Centre and receive a course credit for their work, and therefore are unpaid.

Key points:

  • Students are mainly from the Faculty of Arts & Science, including programs in Commerce, Physical and Natural Sciences as well as Humanities
  • Most are in their 3rd year or higher
  • Students earn a full credit for taking the course
  • Students work an average of 9 hours/week (for 24 weeks during Fall/Winter sessions) or 18 hours/week (for 12 weeks during the Summer session) with the placement company
  • Students are not paid for the internship as they earn an academic credit
  • Students attend lectures on a regular schedule (monthly during Fall/Winter or bi-weekly during Summer) which cover topics related to start-ups and entrepreneurship
If you are interested in participating in the IMC390 program, please note the following requirements:

Requirements

  • Breadth of work

The projects must provide the student new skills and knowledge related to the business side of the company. Students are not to be used exclusively as technical workers, nor to perform menial work. They should also be given the opportunity to perform tasks outside their field of study. The objective is to expose them to the inner working of an early-stage start up company.

  • Providing working space

The Company must provide the intern with a physical work space. If you do not have your own work space, we may be able to help, but ultimately, it is your responsibility to make sure you have the space before accepting interns.

  • Personal guidance

Interns are to work in their designated work space at least 4 hours per week, where they can interact with their supervisor.

  • Private mentoring

The direct company supervisor must meet with the intern privately at least once per week. (the meeting doesn’t need to be long, and is meant to provide opportunity to raise concerns or other issues).

  • Responsible management

If the direct supervisor of the intern is absent for more than a few days, another person within the company must be designated as the go-to person for the intern, and the internship co-ordinator should be notified.

  • Inclusivity

The intern should have the opportunity to participate in the company’s weekly team meetings.

  • Work evaluation

The company supervisor must provide the intern a mid-term evaluation of their work before the final date to drop the course (timeline will be provided by the internship coordinator).

The company supervisor must meet with the internship coordinator 2 times throughout the internship. The first meeting will take place before providing the intern their mid-term evaluation, and the second time at the end of the internship.

The company supervisor must provide the intern with a final evaluation of their work (delivered in person) as well as a written evaluation to the internship coordinator.

r

How to apply to become a placement site?

To become a placement site for the IMC390 internship program, please complete the online application form (found here). Once the information is reviewed, those companies who are deemed to be suitable for the IMC390 program will be contacted to follow up with the rest of the placement application process.

Important Dates

The job board will become active for students to see and apply for placements opportunities starting August 2, 2016.

The last date for students to apply for internship opportunities for the 2016/2017 IMC390 session is September 9, 2016.

To maximize your exposure time and to get the most number of applicants, please be sure to apply as early as possible before the final date for students to apply for your placement opportunity.

Upcoming Events

  1. Entrepreneurship 100: Conversations

    March 16 @ 6:00 pm - 8:00 pm
  2. Entrepreneurship 100: Conversations

    March 23 @ 6:00 pm - 8:00 pm
  3. Entrepreneurship 100: Conversations

    March 30 @ 6:00 pm - 8:00 pm
  4. Good Friday

    April 14
  5. Smart Sustainable Lighting Network Conference

    May 2 - May 4

Sign up for our newsletter

IMC390 gave me the chance to work with the best talents. Most of them show ability to think and perform as well as strong work ethics

Julie Hyunjoo Lee

Founder, MultiMension

We feel the program accomplished its main goal: to educate both the intern, and ourselves in working for, and running a company.

Eric Strohm

Founder, Echofos Medical

FAQ

Is my intern treated as an employee?

The short answer is no.

The long answer is that the intern is not ‘your’ intern but rather an Impact Centre intern being placed with your company. There is no employer-employee relationship between your company and the intern.

Is my intern allowed to take time off from the regular work schedule?

Yes.

The course requires students provide a total amount of approx. 216 hours for the entire duration of the course. This amounts to an average of 9 hours/week for the 24 weeks during Fall/Winter and 18 hours/week for the Summer. Throughout the course, through mutual agreement, you may provide your intern a more flexible schedule to help them address their other academic obligations (mid-terms, assignments, final exams).

Is my intern expected to work during exam time and university closure (December) ?

No.

Students are not expected to work outside the regular class schedule according to the Faculty of Arts & Science calendar. This includes reading breaks (2 days in the Fall and 5 days in the Winter), exam time (December in the Fall and April in the Winter) or university closure (winter break in December as well as statutory holidays).

More questions?

If you still have questions before/during/after the internship, please feel free to contact me at imc390@imc.utoronto.ca