The Venture Intern Program matches talented undergraduate students from the University of Arkansas with startups, entrepreneurship support organizations, and investor networks for semester-long internships and provides training to help them to succeed in ambiguous, fast-paced environments. Applications for the Fall, 2020 semester are now closed. Applications for the Spring, 2021 semester will open in November.
The Venture Internship Program has three goals:
- Provide students with exposure to the workings of early-stage companies and the decision-making/negotiations inherent to startup environments,
- Develop the entrepreneurial student community at the University of Arkansas and throughout the region, and
- Allow startups and entrepreneurship support organizations to recruit talented student interns with as little administrative burden as possible.
- Must be able to work at least 15 hours per week for 12 weeks
- Must attend a program orientation on Saturday, August 29, 2020
- Must participate in:
- A minimum of 5 (virtual or in-person) workshops;
- Two virtual check-in sessions with other members of the cohort;
- A virtual closing event.
Compensation will be $15 per hour for 15 hours per week (on average). To be eligible for this program, students must be willing and eligible to enroll in a minimum of one credit hour of co-op credit in their respective colleges.
Eligibility Requirements for Students:
To be eligible for this program, students must:
- be a currently enrolled, undergraduate student at the University of Arkansas returning to college as a full-time sophomore*, junior or senior in the fall of 2020. (NOTE: some colleges do not allow sophomores to enroll in co-op. Please work with your advisor to determine eligibility.)
- have a cumulative GPA of at least 3.0.
Applications will be considered only during an active application period for the Venture Intern Program. Applications will generally open in October for the Spring Semester and in July for the Fall semester. Students who participated in a prior semester of the Venture Intern Program are eligible to apply again.
Partner organizations eligible to hire an intern include scalable ventures (non-profit or for-profit) younger than five years old, entrepreneurship support organizations providing services to such ventures, regional accelerator programs, and investor networks. For the purposes of this program, "scalable" is defined as possessing a business model that is repeatable and/or is designed to serve a growth in demand without a linear increase in costs (i.e., benefitting from economies of scale to grow revenue and/or generate greater impact).
These organizations should be willing to provide meaningful experiences to students that enhance their understanding of what it is like to work in a startup or other entrepreneurial environment. In addition to traditional, project-based work, students should have exposure to board-level discussions, fundraising and finance processes, strategic decision-making, and/or access to founders.
Applications to participate should include the following:
- Overview of the organization
- Summary of needs
- Key skills/majors needed
- Statement of interest
- Optional 60-second video introduction
Organizations that hosted a Venture Intern in a prior semester are eligible to apply again.
NOTE: We are piloting a shared payment model for the program. Organizations with the ability to contribute to an intern's stipend (in whole or in part) are asked to do so, but organizations without the ability to pay will not be penalized.
If you have questions, please email Deb Williams, Office of Entrepreneurship and Innovation Director of Student Programs, at firstname.lastname@example.org.