COLUMBUS, Ohio, April 6, 2020 /PRNewswire-PRWeb/ -- In the current environment of unprecedented business disruption and uncertainty, Rev1 Ventures, the startup studio that combines capital and strategic services to help startups scale and corporates innovate, is looking ahead to how it can support startups as they plan to strengthen their foundation over the upcoming months. The company is announcing the launch of its first-ever Innovation Internship Program through a grant from the Ohio Third Frontier, a partner-supported initiative to bring students and startups together to create meaningful opportunities for businesses and young professionals in Central Ohio.
"With the unprecedented volatility across every aspect of the economy right now, all businesses, particularly startups, are concerned about the short- and long-term impact of this crisis," said Tom Walker, CEO of Rev1 Ventures. "It is vitally important now more than ever that businesses plan and prepare to grow and that college students and young professionals continue to have career connections into the innovation economy. This program offers startups and students the opportunity to work together to drive business growth while fostering the next generation of business leaders in Columbus through hands-on experience."
To boost opportunities, Rev1 is reimbursing participating companies for up to two-thirds of their interns' salaries (up to $8,000 per intern), while also providing ongoing support to help them manage the placement, hiring, and onboarding process.
In addition, Rev1 is providing training support for the interns in the program, including connecting them to the local startup and innovation community for relationship and long-term career-building. "We're fortunate to have university partners come to the table," Walker added. "Ohio Wesleyan University and The Ohio State University have put financial and in-kind resources to work so Rev1 can offer this training and support. They're also developing pathways to directly engage their student population to connect students with startup opportunities."
The program is open to a wide student base, including those registered at or recent graduates from a technical or community college, incoming freshmen up to graduating seniors at four-year institutions, and masters or doctoral candidates in high-tech graduate studies. Interns will work directly with senior leadership teams of innovative startups from industries ranging from AgTech to IT and Biosciences.
For startups or innovators that want to become part of the program, please visit https://www.rev1ventures.com/internship-program-for-startups/ and for college and graduate students looking to expand their experience, please visit https://www.rev1ventures.com/interns/.
About Rev1 Ventures
Rev1 Ventures is the startup studio that combines capital and strategic services to help startups scale and corporates innovate. Based in the Midwest, and in the number one city for scaling startups, Rev1 aligns innovators and founders with corporate and research partners to access customers and markets, helping entrepreneurs build great companies. With a proven track record of identifying, guiding, and investing in high potential startups, Rev1 helps companies solve real problems for markets in need of real solutions. Rev1 has $100MM in capital under management, providing a capital continuum from corporate and community partners, as well as the Ohio Third Frontier. Rev1 is the most active seed investor in Ohio for the past six years, according to PitchBook. For more information, visit http://www.rev1ventures.com.
SOURCE Rev1 Ventures
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