Small Business Internship Program Renewed for 2011/12
The Small Business Internship Program (SBIP), which provides businesses with financial support to hire interns to improve their online business, has been renewed for 2011/12.
What is the Small Business Internship Program?
The SBIP has been created to support you, the small business owner, improve your online competitiveness. The program will support your business by funding an intern for twelve weeks, to develop an online marketing and e-business strategy. If your business has a website but does not have an active online presence; or if you would like to develop your online marketing strategy to include new social media trends, you could be eligible for funding of up to $10,000.
With an investment of $3.5 million from the Government of Canada, the SBIP will reimburse successful applicants with up to 75% of the eligible wage and relevant expenses incurred by the internship. Through the program, which runs from April 1st to March 31st, Industry Canada will support your employment of a post secondary intern for a total of 420 hours (12 weeks) on a full time bases. You may extend the duration of the internship according to your needs, however funding will only be provided for the initial 420 hours.
Who is Eligible?
To be eligible for the program your business must:
- Have less than 500 employees.
- Operate in Canada.
- Have been in continuous operations for a minimum of one year.
- Be a registered corporation of sole proprietorship.
- Have an active company website.
- Be looking to develop an online marketing strategy for current products and services.
Eligible interns must be:
- Aged 30 or under.
- A citizen or permanent resident of Canada.
- Studying in a post-secondary institution and will return to studies on the completion of the internship.
- Have advanced knowledge and use of online technologies in the Small to Medium sized business environment.
- Available for a total of 420 hours (12 weeks).
How to Apply
Your proposed project will be assessed by the above criteria as well as its ability to provide significant and relevant work experience to the intern. Before applying for funding you must consider if you are able to provide a student with 12 weeks of work and if you can afford to cover at least 25% of the intern’s wages and costs.
Applications for the program in BC are coordinated by Langara College and the Community Futures Development Association. All forms and relevant supporting guidelines are provided through the Industry Canada website.
Applications consist of two components:
- Application form
- Supporting documents
- Legal documents confirming the legal status of your business e.g. incorporation certificate, business number.
- A budget forecast for the current fiscal year.
Once you have completed your application and gathered the supporting documents, contact either Langara College of Community Futures, to submit your application. All applications must be received by December 1st 2011.
On submitting your application you will receive a notification of receipt. You will then be notified by program coordinator as to whether it your project has been approved. Once approved you may commence with advertising the position and hiring of the successful intern.
For more information on the program visit the Industry Canada website.
About The Author
This article was authored by a member of the Small Business BC team. When you find yourself asking "How do I...?" Give us a call. We'd be happy to help.
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