Entrepreneurship Internship Program Overview
A central goal of W&L’s Entrepreneurship Program is to complement classroom learning with real world experience. Our Entrepreneurship Internship Program (EIP), launched in summer 2012, bridges the gap between the classroom and real world by providing opportunities for students to apply the knowledge, skills, and abilities learned in the classroom in the context of an entrepreneurial organization. The EIP matches students with host entrepreneurial organizations for 6-8 week internships during the spring term or summer break.
Host organizations, most of which have a direct or indirect connection to alumni, include startups, high growth potential companies, private equity and venture capital firms, and corporations engaged in entrepreneurial endeavors. The organizations typically assign student interns to specific projects including: developing business plans and strategic plans, assessing appropriate means of financing a new venture, assessing value and application of new technologies, market analysis and marketing plans, and financial model development. All proposed internships are evaluated by the Program Director. The process begins with the host organization contacting our Career Development Liaison. The key characteristic we are seeking is the ability of the host organization to provide students with a rich opportunity to gain valuable insights into the world of entrepreneurship through working on real world projects. Student interns are paid by the host organization in order to defray student costs of living and working in an area outside of his or her home city. Host organizations will have the opportunity to interview candidates during the October 18-19, 2013 Entrepreneurship Summit or can conduct phone or in-person interviews later in the year. We do, however, encourage organizations to utilize the opportunities provided during the Entrepreneurship Summit and secure a commitment from their top choice before other opportunities arise.
W&L student interns are selected through a competitive application process and based on specific criteria developed for the program. You’ll find that the students we select are highly motivated, high-energy individuals, with a strong desire to learn. Host organizations that develop challenging projects and work closely with students during the internship will be amazed at the contributions these students can make in a short period of time. It is important to develop a project(s) that will continue to challenge and stretch students over the entire internship experience. Students should complete the online application in early September to assure access to entrepreneurial organizations participating in the October Entrepreneurship Summit.
Our matching process is quite simple. We provide host organizations with application materials for the students selected through our competitive process. Host organizations review the materials and contact students for either phone or on campus interviews. As noted above, we will provide space during the Entrepreneurship Summit for organizations to interview candidates. Selected students will have the opportunity to review host organization materials through our online system. Due to the size of W&L, we do not guarantee that all selected host organizations will have an intern assigned, but we do our best to match qualified interns with selected host companies. Once all selected student interns have had the opportunity to connect with host organizations, we open these internships to all students who may be interested and may have missed the application deadline.
We realize that many entrepreneurial organizations may not have the financial capacity to fully support a student intern. The Bennett Family Student Intern Fund and other gifts from alumni do provide us with the ability to narrow this gap by offering stipends to students to help cover travel, housing, and living costs. These stipends are competitive and based on student and organization need. Students selected in the first round will have first priority for stipends.
Entrepreneurship Internship Program 2014
Students applying for and being selected into the Entrepreneurship Internship Program (EIP) during the first round will automatically be considered for stipend support for their internships. Students applying for and being selected into the EIP in the second round will only be eligible for support stipends if the pool of resources has not been used during the first round. As such, we encourage both companies and students to apply during the first round.
September 30, 2013
Host companies to encouraged to complete the application process by this deadline so that we can begin the process and to assure the opportunity to interview students during the October 18-19, 2013 Entrepreneurship Summit.
October 1 – 14, 2013
Arrangements made between students and companies for interviews during the Entrepreneurship Summit.
October 19, 2013
Interview space provided for companies to meet with students during the Entrepreneurship Summit.
October 20 – November 10, 2013
Companies make their selections and inform students.
November 15 – 30, 2013
Host companies to encouraged to complete the application process by this deadline to assure qualification for students to receive stipends to help support their internship.
Students must complete the online application by this deadline to assure qualification for any remaining stipends to help support their internship.
December 1 – 8, 2013
Students and companies provided information on the opportunities available and initiate contact with each other.
January 10, 2013
All placements from the second round should be complete. At this time all internship opportunities from the first and second round that have not been filled will be opened up to the general population of W&L students.