News release from IPFW:
Interns for Indiana Program Seeks an End to “Brain Drain”
(February 26, 2014) – The Interns for Indiana program wants to lessen brain drain by keeping Hoosier college graduates in Indiana. One way the program is seeking to do that is to place high-quality student interns with start-up companies. That, in turn, helps accelerate company growth while providing students with valuable educational experiences.
The Office of Academic Internships, Cooperative Education, and Service Learning (OACS) oversees the Interns for Indiana program at Indiana University-Purdue University Fort Wayne (IPFW). The program at IPFW and other Purdue University campuses is partially funded by the Lilly Endowment. Both students and companies are actively being sought for the program this summer. Students will work 400 hours with their internship company and will receive a $4,500 stipend that is given to them by the university instead of an hourly wage. Companies are not allowed to give the interns additional money. Participating companies are required to provide a $2,000 membership fee to help cover a portion of the student stipend.
The program is targeting companies in Indiana that meet these three criteria:
- It must be a start-up
- It must be an entrepreneurship
- It must be categorized as high-tech, life sciences, or advanced manufacturing
Companies interested in the program can get an application at the Purdue Discovery Park website.
IPFW students must be full-time undergraduate students enrolled in a degree-seeking program; have a minimum 2.8 GPA, and be at least a first semester junior at the time the internship would begin. The program does not accept students who have already graduated or are graduate students.