FAQ

Q: Can I utilize this program for internships year-round?

A: Yes, this program is accessible year-round. Whenever you are looking to hire an intern, please submit the job description to Internships@rev1ventures.com to be posted to the jobs board. Each internship “period” can last up to 12 weeks, with 50% wage reimbursement from Rev1 Ventures (up to $2.5k per intern for roles in fall/spring and $5k for roles in the summer). Startups are limited to intern reimbursement for no more than three total 12-week cohorts (does not need to be consecutive) per intern. Additionally, there will be no student cohort during the academic year, and the approach will be more personalized with optional 1:1 mentoring for the students and access to Rev1 resources.

Q: How do I “sign up” for the program and access the reimbursement for my intern’s wages?

A: Submit Program Agreement 2025, Company Contract Worksheet 2025 – and the Program-Guidelines-Acknowledgement to this box folder and wait for an approval email. Monthly or at end of the internship, upload Reimbursement Request Form 2025 and Evaluation Report to this box folder along with the intern’s timesheets and record of payment for salary reimbursement.

Q: How much will I be reimbursed for my intern’s wages?

A: Rev1 Ventures will provide a 50% reimbursement for intern’s salaries for each 12-week cohort up to the limits listed above.

Q: How much should I pay my intern?

A: Feel free to review the list below to determine wages.

2024 Average Intern Wage: $20.06

2024 Average Intern Wage by Type of Role:

• • Engineering | $21.31
  • Software Engineering | $20.68
  • Business Development/ Sales | $19.67
  • Operations | $18.85
  • Research | $18.79
  • Finance | $18.50
  • Marketing | $17.55

Q: How many hours can my intern work?

A: We suggest a range of no less than 10 hours and no more than 40 hours per week. Work with your hires to determine a schedule that works well for both your business and the student.

Q: How many interns can I hire?

A: No more than five interns per company per cohort are eligible for reimbursement through this program.

Q: Who can apply for an internship?

A: 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. Additionally, students need to have an Ohio connection – meaning they attend a school in Ohio, are an Ohio resident, or are willing to temporarily relocate to Ohio for the internship (virtual or in-person).

Q: What roles can I have interns fill?

A: That is up to the needs of your company. If you would like help determining the best needs of your organization, contact Internships@rev1ventures.com or check out our job description templates here:

• Marketing & Communications
• Development
• General

Q: Where do I submit job descriptions?

A: Submit job descriptions to Internships@rev1ventures.com as soon as possible. To see examples of open internships, check out the intern jobs board.

Q: When does the Spring cohort begin?

A: The 2025 Spring cohort will begin on January 13 and conclude 12 weeks later, on April 11. We are flexible with the dates and will work with you and your students as needed. Please get in touch with Internships@rev1ventures.com to discuss further.

Q: Additional Questions?

A: Ask the team by emailing Internships@rev1ventures.com