FedDev Ontario is providing the Engineering Career Centre with a contribution of up to $4,185,000 to place up to 300 recent graduates and graduate students of science, technology, engineering, and mathematics (STEM) programs in internships with small- and medium-sized businesses in southern Ontario.
The project will allow private sector business leaders to pass on their knowledge and business skills to young people pursuing STEM studies and careers in southern Ontario, and help develop the next generation of leaders in business and innovation. The businesses will benefit from the infusion of skills and training that these young people offer, spurring innovation and new ideas in their firms. This will help equip the region to meet future labour market needs.
More information on the University of Toronto Engineer Career Centre is available at www.engineeringcareers.utoronto.ca/home.htm.
Graduate Enterprise Internship
The Graduate Enterprise Internship provides funding for eligible not-for-profit organizations and post-secondary institutions in southern Ontario to arrange internships with structured business mentoring opportunities in southern Ontario small- and medium-sized enterprises for graduate students and recent graduates of STEM programs. Only organizations with established track records and currently delivering internship placements for STEM students or graduates are eligible.
Eligible applicants may receive a non-repayable contribution towards an intern’s salary of up to $15,000 per six-month internship for a graduate student or recent graduate of a master’s or doctoral-level STEM program and up to $10,000 for a recent graduate of an undergraduate STEM program or a college program at the advanced diploma level, as well as delivery costs to manage the internships. The host SME must contribute a minimum of 50 per cent of the intern’s salary and benefits.
For more information, please refer to the Initiative Guidelines available on the website at www.feddevontario.gc.ca.