- Suggestions for short term housing or home stays
- Guidance relating academic interests and talents to career possibilities
- Assistance with creating a resume and preparing for a workplace interview
- Securing and Coordinating the Internship Placement
What is a tech incubator?
Tech incubators are rigorous programs with a competitive application process that weeds out unprepared startups. Applicants are encouraged to come to the table with a strong idea and a dedicated team that can handle its execution. Often they are asked to pitch their idea through several rounds of competition to venture capitalists and influential industry mentors. The selected startups move to their city and, in most cases, setting up shop in their offices. Teams then undergo an intensive crash course about learning how to launch and sustain a successful business. This process can last weeks and sometimes months. Industry mentors spend day and night helping the teams work toward demo day. On demo day, the startups pitch their hard work to venture capitalists and angel investors, hopefully getting the money they need to put their efforts to the test. MAChallenge, Y Combinator, Tech Stars, and 500 Startups are some of the biggest in the latest crew of tech incubators. But indie incubators are also sprouting up worldwide.
What are some examples of startup companies where your students have interned?
Privy, HerCampus, Artaic, Coach-Up, Fueled NYC, MITX, HSTRY, Chewse SanFransisco, Cellanyx, Novophage, Cashtivity, Fancred, Day2Night Convertible Heels, Kingfish Labs NYC, Zoora Fashion, Eone, All Modern, and more.
Can you describe the mentors?
They are young, brilliant, driven CEO’s who have graduated from the top colleges and business schools, including MIT, Harvard, Cornell and Columbia. Most are between the ages of 26-35. It’s exciting for our students to have mentors who are just a few years older and have successfully started new companies.
How do we meet with you?
We conduct meetings with students in person, via Skype or telephone.
Two journal entries from our students at startups in Boston and NYC Tech Incubators:
David Zhao described his first day at a Boston startup in the MassChallenge Incubator:
“The workplace feels more like the set of “The Social Network” than an actual workplace; Boston’s waterfront location and the informal work environment are truly invigorating and inspiring. The work was involving, but all I needed to recuperate was the view out the 14th floor-windows, where I could see all of Boston sprawling beyond the harbor. In terms of the internship, my mentor Jason started me off with a research project for potential business partners (preferably startups) and I compiled an Excel spreadsheet with data for each partner.
That project took the entire day, though Jason took me out to lunch with a fellow MIT-Sloan peer. We discussed my college plans, the application process, and potential majors. Jason truly embraces the role of mentorship-he’s been recommending books, checking in constantly, and teaching me various business essentials (e.g. LinkedIn, database-use, etc.) Jason’s also been asking me for ideas. All in all, the first-day experience was really eye opening and exciting. I really think that I’ll enjoy this internship and learn a great deal about business, particularly if I want to pursue entrepreneurial business myself.”
Neeraj Devulapalli’s mid-point journal from a startup in DogPatch labs, a NYC incubator:
1. List the kinds of things that you’ve been doing at work.
- Providing Research Analysis on different Venture Capital Companies and Startup Mentors in a spreadsheet format
- Attending and participating in and out of office meetings with different people and companies
- Providing insight and suggestions on the Privy Database through examination of the Dashboard
- Participating in company calls
- Participating in Privy Dashboard analysis
- Learning new marketing skills and concepts through real-world situations with my mentor
2. What has been the best part of your internship?
With many great parts about my internship, the best part is gaining real-world experience while participating in meetings with clients and partners. By sitting in and participating in these meetings, not only am I receiving new marketing knowledge and experience with dealing in people to people situations, but also these meetings have provided me with a new perspective on the inner workings of a company’s growth. Seeing Privy grow daily, as a startup has truly been a great part of my internship with both myself and my mentor happy with company progress as the weeks go by.
3. Can you describe a situation during your internship in which you took a risk by putting yourself in a new position, such as meeting new people, asking questions, making suggestions? Write a paragraph or two about this situation explaining how it made you feel and what you learned about yourself as a result.
During the second week of my internship, I was asked by my boss to provide analysis for the new Privy dashboard for merchants and small business owners. By simulating myself as a small business owner, I was able to step into the shoes of the client, a pivotal part of the development of a company, and my primary job was to provide advice and suggestions for the dashboard to make it user-friendly for clients. Knowing well that by providing valid and beneficial suggestions would boost my reputation as a good intern while helping the company, I was faced with thinking on my feet with pressure to provide good advice. As the simulation continued however, I realized that by focusing on simulating an SMB owner and by focusing on the task at hand without emotional or mental constraint, I was able to provide sound advice without over thinking the situation. The result was positive with some of my advice actually helping and being implemented in the newer edition of the dashboard providing me with some confidence. As a result of this, I started trusting myself and my ideas more as the internship has continued.
Let us help you experience an exciting internship at a startup company in a city near you!