Venture for Canada — Internship Program

📋 Eligible Entities - Private for-profit companies of any size - Social enterprises and mission-driven organizations - Non-profit organizations - Startups and scale-ups - Requirement: Business must not be exclusively based in Ontario (businesses operating in other provinces or multiple provinces qualify) - Businesses must be actively hiring and able to provide meaningful internship placements ### 💰 Funding Details - Subsidy Amount: Up to $7,000 per student, per term - Structure: Wage subsidy (non-repayable grant) - Matching Requirement: No matching contribution required from the employer - Payment: Funds typically cover a portion of intern wages; employer pays the balance - Duration: Per academic term (varies by institution—typically 4 months) - Scalability: Multiple interns can be hired per organization; subsidies stack per student ### 🛠️ Approved Expenses - Intern wages/salaries for the duration of the internship term - Employment-related costs directly tied to hiring the intern - Payroll processing for the internship position - Interns must be enrolled students at Canadian universities or colleges during the placement period ### ⚠️ Conditions & Milestones - Geographic Restriction: Organization must not be exclusively based in Ontario - Student Requirement: Hires must be currently enrolled Canadian university or college students - Job Quality: Internship must provide meaningful work experience and skill development aligned with student's field of study - Documentation: Employer must maintain records of student enrollment and internship completion - Term-Based: Funding applies per academic term; separate applications may be needed for subsequent terms - Compliance: Organization must comply with all provincial labor standards and employment regulations - Reporting: Likely requires reporting on internship outcomes and student feedback upon completion