February 2 deadline to apply
International internships for UT students, summer 2018
Business and innovation internships with travel to India and Sweden for 6 UT students
Internship overview: IC² Institute of The University of Texas at Austin is sponsoring an 8-10 week summer internship in coordination with its technology commercialization programs in India and Sweden. Graduate and undergraduate students who will be enrolled in a UT internship course are eligible to participate. Travel expenses will be paid by IC² Institute.
The internship occurs during the UT-Austin summer term and begins on Monday, June 4, 2018. Interns may complete the internship on July 27 (8 weeks) or may continue for an additional two weeks and complete the internship on August 10. Interns will be expected to devote 40 hours per week to their internship, primarily at IC² Institute, 2815 San Gabriel Street, Suite 3.102, Austin.
Interns will spend the first two weeks of July in India, followed by a week in Sweden. The internship is unpaid, but airfares and accommodations while traveling are covered.
Training and mentoring will be provided by IC² Institute managers. Assignments will be related to assisting women entrepreneurs in India grow sustainable innovative businesses.
Acceptance to the internship is competitive. Both undergraduate and graduate students may be considered for the internship.
More information is provided below.
IC² Institute is a research unit of The University of Texas at Austin, focusing on entrepreneurial wealth creation. Its international programs are designed to help various regions around the world prosper through commercialization of innovation and the establishment, sustainability, and growth of innovative new businesses. IC² Institute international managers provide training and assistance to entrepreneurs outside of the US and to organizations supporting entrepreneurs. Additionally, IC² Institute evaluates the impact of its training and assistance and seeks to discover and share information about best practices for economic development through technology commercialization.
The IC2 Institute Research in Entrepreneurship and Commercialization Challenge (REACH) internship will provide UT Austin students with experiential learning opportunities, including opportunities to
- Learn and practice skills related to the commercialization of an innovation
- Learn and practice skills related to international business
- Work closely with an innovator from India
- Conduct research on the market potential of an innovative business idea
- Develop a strategy for commercialization of a particular idea
- Create written reports that document and analyze data relevant to a business strategy
Interns will be required to be registered for a UT internship course related to their degree plans (e.g. BA 353, LA 320wb, PA 396K, COM 350, NSC 322, UEX LA 320, etc.)
Students will be supervised by IC² Institute managers and directors, including during their time abroad. Supervisors will provide regular informal feedback to interns on their work, as well as formal evaluations of interns mid-way through the internship and at its conclusion.
Schedule of Activities and duties during the internship:
For the first two weeks of the internship, interns will work in Austin with IC² Institute staff, learning institute methodologies, practicing skills related to commercialization and international business development, and researching and exploring market opportunities for an assigned innovation from India. Some readings will be required, and these can be done during internship hours. Students will at times work in teams and at times work independently. Frequent short instructional sessions, led by IC² supervisors, will be held for the group of interns during this period. At this same time, MBA student interns from Sweden will be studying the Indian innovations and will work collaboratively via distance with the UT interns.
The innovators/entrepreneurs representing the assigned innovations from India and the Swedish MBA student interns will be in Austin. Innovators are expected to be young graduate students with little or no experience in international business, but with strong interest in taking their ideas to market. Interns and innovators will collaborate on strategy, research, and analysis for commercialization, and interns will mentor innovators in methodologies they have already mastered. Intern-innovator teams will make plans for further analysis work to occur in India. (Mid-term supervisor evaluations will occur at the end of this period.)
Interns, accompanied by an IC² supervisor, will spend this period in India, gathering information on aspects of their innovations and markets within the home country. The base of operations for the two-week period will be IC² Institute’s “Nexus” incubation program at the US Embassy’s American Center in New Delhi.
Interns, accompanied by an IC² supervisor, will travel to Luleå, Sweden, exploring European Union market considerations and opportunities for the innovations. The base of operations for this one-week period will be Luleå University of Technology.
Note that India is a restricted region for UT Austin students (http://world.utexas.edu/risk/restrictedregions). No University of Texas at Austin student, faculty, or staff can be required to travel to a Restricted Region. Any participation in travel to a Restricted Region is strictly voluntary, and the participant assumes full responsibility for all risks associated with this travel.
Interns will return to Austin, working at IC² Institute and preparing detailed reports on market opportunities for their assigned innovations. Additional primary-source research—with potential customers, distributors, or partners—will also be conducted. This will conclude the internship for some interns.
July 30 – August 10:
Selected interns will continue working at IC² Institute. Their primary role will be to facilitate business meetings for the most promising innovations. (Final supervisor evaluations will be completed by August 13 for all interns.)
Qualifications and how to apply:
Experience in international business and technology commercialization is not required.
However, strong interest in these topics, as well as some background (coursework, exposure, or independent exploration) in business concepts, business communication, or technology business ideas is required.
Interested students should email an up-to-date resume and application letter to
Assistant Director, IC² Institute, The University of Texas at Austin
The letter should describe the student’s interest in international business, commercialization of innovation, global development, and/or any other relevant career interests. The letter should also describe relevant coursework, studies, or experience.
Tentative timeline for application and selection process:
February 2: Deadline to email resumes and application letters.
February 12-23: Interviews of applicants.
March 2: Notifications to students accepted or wait-listed for the internship.
March 23: Students’ acceptance letters due.
- Selected students will be required to attend an information/preparation session offered by the UT International Office before they begin travel, and will be required to purchase overseas insurance ($19/week) to cover their three-week travel period.
- Selected students will be expected to have and maintain, at their own expense, passports and visas valid for travel.
- Selected students will be expected to work on their own laptop computers while in Austin and while traveling.
Please note that this internship can be offered only to students enrolled at The University of Texas at Austin.
IC² Institute, in conjunction with the US Department of State, has created a program to provide advising, training, and support to 20 female university students (in the Delhi, India, region) who are interested in commercializing innovative ideas. The program is aligned with the State Department’s Global Entrepreneurship Summit (GES) priorities. This year’s GES will take place in India and will highlight the theme Women First, Prosperity for All.
You might be interested in some of these issues:
From the Government of India about GES 2017 (ges2017.gov.in): “In partnership with the Government of the United States of America, NITI [National Institution for Transforming India] Aayog is proud to host the eighth annual Global Entrepreneurship Summit in India from November 28-30, 2017. The Summit will be addressed by The Hon’ble Prime Minister of India, Shri Narendra Modi. The US delegation will be led by Ms. Ivanka Trump, Advisor to President Trump.…
“GES 2017 will create an environment that empowers innovators, particularly women, to take their ideas to the next level. Women represent tremendous promise for economic growth and prosperity — but in both developing and developed countries, also face tremendous barriers to building businesses. This year’s theme is “Women First, Prosperity for All” to celebrate entrepreneurial spirit in all its strength, diversity, and entirety. The 2017 GES intends to inspire innovative initiatives, forge new collaborations across countries, and increase economic opportunities, particularly amongst women.…”
From a blog of the Global Entrepreneurship Summit (GES). https://www.ges2017.org/blogs-1/2017/9/22/economies-flourish-with-more-women-owned-businesses-video :
“Women in developed nations are half as likely to start businesses compared to men and even less likely in countries with fewer opportunities for female entrepreneurship. For success in this space, women need more female mentors, the same access to capital as men and a change in perspective that entrepreneurship is not only a masculine activity.”