Grants for Hiring Students Small Business Internship Program (SBIP)
Please Note: The Small Business Internship Program is no longer available. To explore current internship grants and wage subsidies, please tell us more about your upcoming hiring needs.
Industry Canada has just released their funding applications for the Small Business Internship Program (SBIP). The program provides Canadian Government funding support for small and medium-sized enterprises that are looking to hire post-secondary students for a 12-week internship position. Businesses can receive up to $10,000 or 75% of the interns salary in business funding grants for the implementation of an e-business strategy. The Small Business Internship Program is part of the Youth Employment Strategy (YES) Initiative for helping students to pay for their education through government funded internship opportunities.
Hiring Through Ontario Business Grants
Canadian SMEs that are looking to hire a post-secondary student through SBIP must be established within Canada for over a year, have a company website and currently operate with less than 500 employees. Businesses that have received SBIP funding in previous years will not be considered eligible for funding. Those who are considered eligible can receive business grant funding for projects:
- Related to the development or improvement of e-business tools to support web presence optimization and online marketing campaigns (emailing, blogging, search engine optimization, viral marketing, etc.).
Eligible Candidates to Hire
Applicants will only be able to hire post-secondary students that are scheduled to return back to their studies at the end of the internship. Graduates and alumni will not be considered eligible unless they are returning for a masters or PhD program and are under the age of 30.