Tuesday, April 4, 2017

MassTech Launches Program to Fund Internships at Rising Cyber, Digital Health, IoT, and Robotics Companies

  • Funding for 100+ Internships Available for Summer 2017
  • Program Offers Eligible Companies Up to $3,200 Per Internship Position
  • Since 2013, Intern Partnership Has Supported 318 Interns at Tech Firms Statewide

WESTBOROUGH – The Massachusetts Technology Collaborative (MassTech) has launched the MassTech Intern Partnership for summer 2017, providing financial support for internships at tech companies that are starting and scaling-up in sectors that are growing in Massachusetts, including cyber security, digital health, Internet of Things (IoT), and robotics. Entering its fifth year, the Intern Partnership program aims to provide stipends for 100-plus internships at firms across Massachusetts during summer 2017, offering $3,200 stipends per internship position for up to two interns at eligible Massachusetts tech companies. The program has sponsored 318 internships over the previous four years, helping these growing tech firms to hire qualified Massachusetts college students, providing unique hands-on training opportunities in emerging technology fields.

“This program is a win-win for Massachusetts, as we’re able to support real-world work opportunities for our future tech leaders, and to do so in industries where Massachusetts is primed for both national and global leadership,” stated Tim Connelly, Executive Director of the Massachusetts Technology Collaborative. “We’re always impressed at the experience students can gain during their internships. At a rising tech company, they become valued contributors to the team – advancing research and development, creating new applications, or driving sales. They’re truly helping grow a company.”  

Companies which are approved to take part in the MassTech Intern Partnership program can seek reimbursement for up to 50 percent of gross salary costs for up to two interns during summer 2017, or up to $3,200 per year per individual intern. Firms must meet certain eligibility criteria to qualify for a stipend, including:

  • Must be headquartered and have operations in Massachusetts;
  • Have less than 100 employees; and
  • Fall within one or more of four key sectors: digital health, cyber security, IoT, or robotics.

Participating companies must match with a student who meets the program criteria. Students must be either:

  • A Massachusetts resident entering their final year at, or a recent graduate of (class of 2016, 2017, 2018), a two- or four-year college or university; OR
  • A student entering their final year at, or a recent graduate of (class of 2016, 2017, 2018), a Massachusetts two- or four-year college or university; OR
  • A returning U.S. service member, a member of the National Guard, or military reserve.

Interested Massachusetts companies and students can find full eligibility criteria and the application process on MassTech’s website at www.masstech.org/intern.

“Companies choose to build their businesses in Massachusetts because we have the most skilled workforce in the nation, and our world-class educational institutions produce unparalleled talent,” said Housing and Economic Development Secretary Jay Ash. “MassTech’s internship program further develops our students’ skills and gives companies the opportunity to recruit and retain highly trained workers in the Commonwealth.”

“The Intern Partnership sends a powerful message to innovators and entrepreneurs in the Commonwealth and around the globe: when it comes to the innovation economy, Massachusetts is the place to be,” said House Speaker Robert A. DeLeo. “I am very proud of the success of this House-initiated program and I thank MassTech for its passionate commitment to implementing it, as well as the companies and students who have participated.”

Firms can either apply with an intern already selected, or can utilize the New England Venture Capital Association’s TechGen web portal to identify potential candidates with the right mix of technical skills. TechGen has been a critical part of the Intern Partnership program over the past two years, assisting companies with their intern search, but also providing networking opportunities for tech interns in the region, and acting as a critical component of the MassTech Intern Partnership application process.

“TechGen and the New England Venture Capital Association are thrilled to partner with MassTech Collaborative to support another year of internship stipends,” stated Jody Rose, Executive Director of the New England Venture Capital Association. “As the bridge that connects Massachusetts' university students with its top innovative companies, we see the tremendous value internships create for both students and companies on a daily basis. By providing stipends to local startups, the Commonwealth demonstrates its commitment to developing the workforce essential for the success of our innovation economy.”

Since launching in 2013, the MassTech Intern Partnership has supported a total of 318 internships for Massachusetts students at technology companies across the Commonwealth. Interviews with past participants, including interns and company executives, can be found on the Intern Partnership website.

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The Massachusetts Technology Collaborative is an innovative public agency working to enhance economic growth, accelerate technology use and adoption, and harness the value of research by engaging in meaningful collaborations across academia, industry, and government.  From improving our health care systems and expanding high-speed internet across the state to fostering emerging industry clusters, MassTech is driving innovation and supporting a vibrant economy across the Commonwealth. 

For more information visit www.masstech.org.

 

MEDIA CONTACT: Brian Noyes, MassTech, (508) 870-0312 X: 293, noyes(at)masstech.org