Paid internships help younger generations to learn by doing

Working to address both the growing cost of higher education as well as the current youth unemployment crisis, we can provide paid internships for young adults who are looking to enter the workforce. Having a person work in key roles at high growth companies, where they learn real-world skills across technology, business, and design can prepare them for a brighter future.
People Impacted
$ 803B
Potential Funding
I have this challenge
the problem
Nature and Context

Unpaid internships make people choose between a living wage and growing their network in the world of business. By pairing paid internships with education, we can ensure that the social disparities usually created by unpaid gigs are eliminated, providing the ability to learn and earn a living at the same time to all.

Ideas Description

Enstitute provides students with one to two year, paid, full-time, apprenticeships at high growth startups, small businesses, and corporations. The aim is to prepare them for the workforce and to accelerate their career trajectory. Enstitute piloted a program with 11 students in New York City in 2012. The program flips the traditional model of education on its head. Students spend Monday to Friday 'on the job', working in key roles at high growth companies, where they learn real-world skills across technology, business, and design. They supplement their experience with an online curriculum as well as weekly community and networking events. Halfway through the pilot program, 70% of students received preliminary offers for permanent jobs. An influx of over 700 students and close to 1,000 companies applied to the 2013 program.

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