Venture Intern Program
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.
An Internship Like No Other
The Venture Intern Program has three goals:
- to provide students with exposure to the workings of early-stage companies and the decision-making/negotiations inherent to startup environments;
- to develop the entrepreneurial community at the University of Arkansas and throughout the region;
- and to allow startups and entrepreneurship support organizations to recruit talented student interns with as little administrative burden as possible.
(NOTE: program components may be held either face to face or online, depending upon policies related to COVID19 and the comfort level of interns and supervisors.)
Program Expectations for Students:
- 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/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 3.0+
Applications are due by Friday, July 24, 2020 at 5:00pm and should include the application form, a resume, and a statement of interest. A 60-second video introduction is optional. Applications will be reviewed on a rolling basis, but all students will be notified of a decision no later than Friday, August 7, 2020. Students who participated in the Spring 2020 Venture Intern Program are eligible to apply again.
Program Summary for Partner Organizations:
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 process, strategic decision-making and/or access to founders.
Applications to participate are due by July 24, 2020 at 5:00pm and should include an overview of the organization and summary of needs, key skills/majors needed, and a statement of interest. A 60-second video introduction is optional. Organizations that hosted a Venture Intern in the Spring of 2020 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 Office of Entrepreneurship and Innovation Director of Student Programs, Deb Williams, at email@example.com.