Funding Targets Small Companies With Big Plans

Posted: Updated:
IU Kelley says the funding is available to companies with fewer than 500 employees. IU Kelley says the funding is available to companies with fewer than 500 employees.
BLOOMINGTON -

Indiana University's Kelley School of Business is looking to help small and mid-sized Hoosier businesses go global. The school is offering funding to help companies pay summer interns in international programs.

The IU Center for International Business Education and Research program matches students with companies looking to enter new markets or expand international efforts for eight-to-12-week summer internships. The CIBER funding could cover up to 50 percent of wage costs for summer interns. The school says companies that combine that funding with support from the Indiana Commission for Higher Education's Employment Aid Readiness Network program could receive 100 percent reimbursement for intern wages.

Indiana INTERNnet says the programs help provide a level playing field for smaller Indiana companies to enter international markets. The funding is available to companies with fewer than 500 employees.

Kelley clinical professor of international business Roberto Garcia says students benefit in a number of ways from the program. In addition to the internship experience, he says the effort helps firms recruit talented full-time employees after graduation. He says companies, in turn, benefit from student interns who "bring a fresh perspective to the industry and businesses and who are willing to work hard to prove themselves."

  • Perspectives

    • We’re Having the Wrong Conversations About Safety

      Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...

    More

Events



  • Most Popular Stories

    • (courtesy: Frank Logan/Military Vehicle Preservation Assoc.)

      Historic Military Convoy to Cross Indiana

      A sentinel moment of U.S. history is playing out Sunday in South Bend when the recreation of the U.S. Army Transcontinental Military Convoy rolls into town. Approximately 70 historic military vehicles are retracing the original 1919 cross country trip which traveled along the famed Lincoln Highway.

    • West Lafayette Center Breaks Ground

      West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms. 

    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • (photo courtesy of the Marshall County EDC)

      Wire and Cable Startup to Set Up Shop in Argos

      A startup wire and cable company has announced plans to launch operations in Marshall County. The Indiana Economic Development Corp. says Sequel Wire and Cable LLC will invest $53 million to purchase and equip the 50,000-square-foot Argos Manufacturing Center and create 120 jobs by the end of 2024. The company plans to expand the facility to more than 162,000 square feet and begin operations in early 2020. The $2.7 million Argos Manufacturing Center was built in part with...

    • Photo courtesy of Crestwood Village

      Justus Rental Properties Details Closures

      Indianapolis-based Justus Rental Properties, Inc. has announced it will be closing its assisted living service line at Crestwood Village West and Crestwood Village East. The company is also is in the process of selling the both communities.