NRC-IRAP’s Rizwan Kheraj continues to work magic for entrepreneurs by pointing out government programs that save startups money. This week he’s pointing us to the Small Business Internship Program, but be sure to check out his Creating Cash Flow in a Recession – from $5K to $130K slideshow to see what else you might be missing.
The Small Business Internship Program provides small and medium-sized businesses financial support to hire a post secondary student intern to assist them in their adoption of information and communications technologies to increase their productivity and competitiveness.
Industry Canada’s Small Business Internship Program is a collaborative effort with Canadian small businesses, post-secondary institutions, and non-government organizations that offer promising post-secondary students hands-on experience working on e-commerce projects under the mentorship and coaching of entrepreneurs. Student interns will gain an appreciation of entrepreneurship, and an opportunity to explore career possibilities.
Small and medium-sized businesses (SMEs) submit an application to the organization delivering the program in their area. If their application is approved, they can hire a student intern to help them take advantage of information and communications technologies (ICT) to help grow their business. SMEs will have the flexibility to hire the interns that possess the skills and abilities for their specific project or needs. We encourage them to hire from employment equity groups.
The SME negotiates the salary of the intern, and the benefits they may receive. Once the 12-week internship is over, the Government of Canada will reimburse 75 percent of their eligible costs, up to a total of $10,000. The SME gets the information and communications technologies help they need to grow their business, and the student gets valuable on-the-job experience.
Stay tuned to find out who your local delivery organization will be as they will be responsible for managing the Small Business Internship Program in your community.