Mitacs — Business Strategy Internship
At a glance
- Max. $10,000
- Open Date : August 23, 2021
- All industries
- Mitacs
Overview
Eligibility criteria
The Business Strategy Internship program is open to registered college, undergraduate, graduate students, or postdoctoral researchers at a Canadian academic institution. Applicants should not be current participants in another Mitacs program and can be from any discipline or faculty.
- Must be a registered college, undergraduate, graduate student, or postdoctoral researcher at a Canadian academic institution
- Should not be currently participating in another Mitacs program
- Recent graduates within 2 years of graduation date are eligible
- Part-time students must meet specific criteria including student status, insurance coverage, and commitment to the project duration
Eligible expenses
The eligible expenses for the Business Strategy Internship grant include stipends for interns, project costs, and partner organization contributions. These expenses are aimed at supporting the innovation projects and enhancing collaboration between academic institutions and partner organizations.
- Intern stipends
- Project costs for eligible expenses
- Partner organization contributions
Eligible projects & activities
The Business Strategy Internship (BSI) program supports innovation projects that aim to generate knowledge transfer between academic and non-academic sectors in Canada. Interns work with academic supervisors and partner organizations to enhance products, processes, or services, contributing to economic and societal impact.
- Creating or commercializing Canadian technology or intellectual property
- Enhancing Canadian productivity with new processes
- Improving public services or addressing social/environmental issues in Canada
- Supporting the entry of Canadian businesses into new markets
- Developing new business models for Canadian companies
Evaluation & selection criteria
The Business Strategy Internship program has specific evaluation and selection criteria to ensure project quality and eligibility. The criteria include:
- Project description and objectives alignment
- Clear roles and responsibilities of all parties
- Intellectual property agreement clarity
- Supervision and support structure for the interns
- Benefits of the proposed activity in economic, societal impact, talent development, and collaborations
How to apply
- Step 1: Application Submission
- Prospective interns and/or academic supervisors apply to the program through the Mitacs Registration and Application Portal (RAP) and complete all sections of the application.
- All participants sign off on the application through the RAP.
- The lead applicant sends the completed project proposal and ORS sign-off template to the ORS or equivalent office for review and signature.
- The lead applicant uploads the ORS signature page to the RAP and submits the application.
- Step 2: Application Review
- Mitacs receives the application and reviews against selection criteria while checking for eligibility and completeness.
- Partner organizations are invoiced for their contribution upon application submission.
- Applicants may be asked to revise their project proposal if sections are incomplete.
- Step 3: Project Approval
- Project start dates cannot pre-date the Approval letter received from Mitacs.
- Once the project is approved and all partner contributions have been received, award funds are released to the intern’s academic institution.
- Step 4: Project Launch to Completion
- Project work should not start until the intern has received the funds from the academic institution.
- Projects can be 4-to-6 months long with a part-time option available for 6-month projects.
- Step 5: Reporting and Exit Survey
- All participants are required to complete an exit survey within 30 days of the project end date.
- Academic institutions must submit a Financial Report to Mitacs once all project funds have been paid out.
Additional information
There is no additional information provided for this grant.
Business Strategy Internship Grant Summary
Expand your professional network and gain real-world experience through the Business Strategy Internship Grant, offering $10,000 or $15,000 for postsecondary students and recent graduates to collaborate on innovation projects.
Detailed Overview of the Business Strategy Internship Grant
The Business Strategy Internship program, in partnership with Canadian academic institutions, provides financial support to interns working on four-month projects with partner organizations. The aim is to enhance innovation, strengthen partner organizations, and promote collaboration across sectors. Interns collaborate with academic supervisors and receive professional development courses. The projects address business innovation components like marketing, operations, and finance, delivering tangible outcomes for partners. Interns meet weekly with supervisors, complete an exit survey, and present their findings at the project's completion.