This guest blog was written by Dane Svenson, Mitacs Communications Coordinator.
Innovation is the key to business success and staying ahead of competitors. But many businesses struggle to find the innovative thinkers they need to enhance their existing processes, products and technologies.
Mitacs is a national, not-for-profit organization that connects businesses with academia for research projects, innovation and idea sharing. Partnered with universities across Canada, Mitacs is able to link companies with the right expertise, specialized knowledge and skills they need to develop solutions to problems, conduct research, or overcome challenges.
Mitacs Enterprise is exclusive to small and medium-sized STEM (science, technology, engineering and math) companies operating in Southern Ontario. Through Mitacs Enterprise, businesses can access a recent university graduate in a STEM field for a full-time, six-month, cost-shared internship – with Mitacs paying up to half their salary. Mitacs will work with the company to determine how the program can provide maximum benefits, then develop an internship proposal and help find a suitable graduate with the right skills and qualifications.
Mitacs Enterprise provides the ideal opportunity for companies to evaluate new graduates as a potential future employee, while accessing their skills and knowledge. As an added benefit, Mitacs provides the intern with business management training and any intellectual property developed during the internship belongs to the company.
Mitacs-Accelerate, is for shorter-term (minimum four months) research-based projects, where graduate students or postdoctoral fellows help solve a specific challenge or develop ways to improve existing processes. The internship is cost-shared, allowing businesses to leverage their R&D budget for maximum return. For a four-month internship, the company contributes $7,500, with Mitacs matching this for a total $15,000 of research funding.
This investment provides the industry partner with an experienced researcher, unique access to university facilities and new connections within the academic community. Mitacs-Accelerate is open to all industry sectors and companies across Canada; applications are accepted year-round and usually approved within four to six weeks.
If your business has a research challenge or is looking for new, innovative ideas, visit the Mitacs website and learn how Mitacs programs can give your business the competitive edge.