Subscribe Now

* You will receive the latest news and updates on the Canadian IT marketplace.

Trending News

Blog Post

Canadian business students are helping organizations affected by COVID-19
COLLABORATION

Canadian business students are helping organizations affected by COVID-19 

Top local business students are rallying together to help Canadian businesses who were greatly hit by the COVID-19 pandemic.

This is all thanks to Mitacs – a national innovation organization that helps resolve business challenges with data-based solutions from the academic sector. They launched the Mitacs Business Strategy Internship (BSI), a first-of-its-kind program where students from business schools across the country are being matched to businesses who are seeking help in managing and growing their operations in a pandemic-disrupted environment. Aside from this, they are offering to cover half the cost to bring in the student meaning employers pay only $5,000 CAD of the student’s $10,000 CAD stipend for the four-month internship.

“This is welcome news for both organizations impacted by the pandemic as well as the students, many of whom lost job opportunities they had lined up when COVID-19 hit, and the majority of them facing an uncertain future in a deteriorating job market,” said Mitacs CEO and Scientific Director John Hepburn. He added that Canada’s economy stands to gain from the internship program. 

Since its start in May of last year, the BSI program was able to appoint about 1,000 students in various business positions across the country.

Canadian business challenges

According to Hepburn, top challenges being experienced by businesses and NGOs include the incapacity to expand and access new markets. In a research done, when compared to U.S. counterparts, Canadian organizations do not put much value on marketing, sales, and experience struggle in commercializing innovations. With this, business students are very valuable in adding knowledge to the table to help.

“By providing students with work opportunities during the current economic downturn, we’re ensuring Canada’s homegrown talent continues to build the skills they need to contribute to our recovery in the longer term,” Hepburn explained. “At the same time, we’re giving Canada’s businesses and not-for-profit sector valuable support required to modify or pivot their operations as they adapt to the new economic reality.” 

With Mitacs’ network of professionals, students, and businesses, the program was able to bring in the participation of top Canadian schools like UBC Sauder School of Business, Concordia’s John Molson School of Business, Ivey Business School at Western, Queen’s Smith School of Business, Windsor’s Odette School of Business and many others.

To get more information about the Mitacs Business Strategy Internship Program, visit this link: https://www.mitacs.ca/en/programs/business-strategy-internship.

For information about Mitacs and its programs, visit mitacs.ca/newsroom

Related posts

Leave a Reply

Required fields are marked *