Are
you a start-up or small to medium sized
business in southern Ontario?
Would
you like to take advantage of a $10,000
or $15,000 salary subsidy over 6 months for a new hire?
Would
you consider hiring a Science,
Technology, Engineering, and Mathematics (STEM) graduate?
The
University of Toronto, in partnership with FedDev, has initiated the Graduate Enterprise Internship (GEI)
program where eligible businesses can receive a significant dollar subsidy
towards the salary of a newly hired graduate.
“The
salary subsidy can be for the first 6 months of a new hires’ employment,” noted
Chioma Ekpo, Assistant Director, University of Toronto Graduate Enterprise
Internship Program. “Businesses can take advantage of the academic and project
experience of our Science, Technology, Engineering or Mathematics (STEM)
graduates. The industry targets of this program are southern Ontario start-ups
and small to medium size businesses in the STEM sector. This program will
inject the skills, knowledge and training that the
graduates offer which will in turn spur creativity, innovation and new ideas in
the firms in which they are hired.’
The
subsidy amount is based on the degree of the hired graduate: $10,000 for an
undergraduate or $15,000 for a Masters or PhD, paid out over the six month
period. The business is to match the subsidy. There is no fee for businesses to
register in the program.
“The
salary over the 6 months for a graduate with a Bachelor’s Degree /Advanced
Diploma would be a minimum $20,000, for which the business would receive the
$10,000 subsidy. For a Master’s/Doctoral/Post-Doctoral, the salary would be a
minimum $30,000 for which the business would receive the $15,000 subsidy,” said
Ekpo. She went on to say that anyone who graduated from the Science,
Technology, Engineering or Mathematics field in the past five (5) is included
in the program.
Fast Facts
|
Program
Name
|
Graduate Enterprise
Internship
|
|
Website
|
|
|
Target
Businesses
|
Start-ups
Small to Medium-sized
businesses (fewer than 1,000 employees)
|
|
Business
Location
|
Southern Ontario
|
|
Business
Commitment
|
6 mos. of full-time
employment
Contribute a minimum of 50%
of the intern’s salary / benefits
|
|
Subsidy
Available
|
$10,000 - Bachelor’s Degree /Advanced
Diploma graduate
$15,000 - Master’s/Doctoral/Post-Doctoral
graduate
|
|
Academic
Focus
|
Science, Technology, Engineering
and Mathematics (STEM)
|
|
Graduates
Registered To-date
|
500+
All meet individually with
Career Employment Consultants to understand the opportunities presented by
the program and to focus on the significant return on investment they will
produce for employers
|
|
Program
Timeline
|
Now to March 2014
|
Contact:
Chioma Ekpo, Assistant Director
University of Toronto Graduate Enterprise Internship Program
(GEI)
Science, Technology, Engineering,
Mathematics (STEM)
No comments:
Post a Comment